Fluence Energy beats Q1 revenue estimates, reaffirms 2026 revenue forecast

Fluence Energy

04/02/2026 21:12

Overview

Energy storage firm's Q1 revenue rose 154.4% yr/yr, beating analyst expectations

Adjusted EBITDA for Q1 missed analyst expectations

Company's backlog reached a record $5.5 bln, indicating strong demand

Outlook

Fluence Energy reaffirms fiscal year 2026 revenue guidance of $3.2 bln to $3.6 bln

Company expects fiscal year 2026 adjusted EBITDA of $40 mln to $60 mln

Fluence targets $180 mln annual recurring revenue by end of fiscal year 2026

Result Drivers

REVENUE GROWTH - Revenue increased 154.4% yr/yr, driven by global demand for energy storage

RECORD BACKLOG - Order backlog reached $5.5 bln, highest in co's history, reflecting strong demand

PROJECT COSTS - Additional costs on two projects impacted gross margin, expected to be recovered this year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$475.20 mln
$468.48 mln (15 Analysts)
Q1 Net Income
-$62.60 mln
Q1 Adjusted EBITDA
Miss
-$52.10 mln
-$31.65 mln (14 Analysts)
Q1 Gross Margin
4.90%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 13 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy."

Wall Street's median 12-month price target for Fluence Energy Inc is $18.50, about 42.6% below its February 3 closing price of $32.23

Press Release: ID:nGNX5JykSr

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)