Fluence Energy Q3 revenue misses on production delays; fiscal 2026 outlook slashed

Fluence Energy

05/08/2026 22:06

Overview
US energy storage provider's fiscal Q3 revenue rose yr/yr but missed analyst expectations
Company's gross profit margin dropped to 5.1% from 14.8% a year ago
Fluence cut full-yr 2026 revenue and adjusted EBITDA outlook due to project delays

Outlook
Fluence now sees fiscal 2026 revenue of $2.9 bln to $3.1 bln, down from $3.2 bln to $3.6 bln
Company expects fiscal 2026 adjusted EBITDA of ($30) mln to $10 mln, down from $40 mln to $60 mln
Fluence maintains annual recurring revenue guidance of $180 mln by end of fiscal 2026

Result Drivers
PRODUCTION DELAYS - Revenue was weaker than expected due to production delays at new contract manufacturing facilities
HIGHER INITIAL COSTS - Gross margin decline was driven by delayed revenue, initial costs of deploying new product platforms, and upfront costs for a planned long-term battery cell supply agreement
STRONG ORDER INTAKE - Order intake for the quarter nearly tripled year-over-year, led by data center and utility demand

Company press release: ID:nGNX9vKpy0

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Total Revenue
Miss
$649.80 mln
$848.17 mln (14 Analysts)
Q3 Gross Margin
 
5.10%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 13 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the renewable energy equipment & services peer group is "buy."
Wall Street's median 12-month price target for Fluence Energy Inc is $18.00, about 14.9% above its August 4 closing price of $15.67
The stock recently traded at 95 times the next 12-month earnings vs. a P/E of 112 three months ago

Reuters Recommended Reads
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Aug 3 - Base Power raises $1 billion, launches US-made home battery amid surging power demand

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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.)