FLNC · Fluence Energy, Inc.

Fluence Energy reported second quarter fiscal 2026 results that showed improving profitability and strong operational momentum. Revenue increased 7.7% year-over-year to $464.9 million, driven by an acceleration in order intake, which doubled to $2.0 billion year-to-date. The company achieved record backlog of $5.6 billion, reflecting robust demand for its energy storage solutions. Gross margins improved modestly, with GAAP gross profit margin rising to 10.0% from 9.9% and adjusted gross profit margin to 11.1% from 10.4% in the prior year quarter. Net loss narrowed to $29.2 million from $41.9 million, and adjusted EBITDA improved to a loss of $9.4 million from a loss of $30.4 million, indicating progress toward profitability. Management highlighted the signing of master supply agreements with two major hyperscalers, with the first order expected in the third quarter. The company reaffirmed its fiscal year 2026 guidance, projecting revenue of $3.2 billion to $3.6 billion and adjusted EBITDA of $40 million to $60 million. The strong liquidity position of $900 million provides flexibility to support growth. Overall, the results signal that Fluence is gaining traction in the energy storage market, with improving margins and a robust pipeline.