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FuelCell Energy FCEL Q2 2026 earnings

Reported June 8, 2026 · Before market open

Revenue$35.6MMiss by $4.9M
EPS-$0.53Miss by $0.01
Revenue estimate$40.5M
EPS estimate-$0.52

Next report

Sep 2, 2026 (In 5 days)
Revenue estimate$38.8M
EPS estimate-$0.41

Financials

Q2 2026

Income statement

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Revenue$35.6M-4.9%
Gross profit-$12.9M-37.0%
Operating income-$77.9M-118%
Net income-$77.9M-105%
EPS (diluted)-$1.45+19.0%

Balance sheet

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Cash & equivalents$373.2M+222%
Total debt$30.2M+14.7%
Total equity$719.4M+18.1%
Total assets$1.0B+13.5%

Cash flow

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Operating cash flow-$27.3M+8.7%
CapEx$1.7M-67.7%
Free cash flow-$29.0M+17.5%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$1.52B+1,434%
Enterprise value$1.18B-2,665%
P/S9.1×+8.4×

Profitability

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Gross margin-18.2%-3.7pp
Operating margin-135.7%+39.6pp
Net margin-132.4%+37.4pp
FCF margin-71.3%-22.3pp

Returns & leverage

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Return on equity-33.5%+31.9pp
Debt / equity0.0×
Current ratio8.6×+3.0×

Segments

By product

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Electricity Generation$8.7M-28.4%
Advanced Technologies$4.7M+14.7%
Service$4.2M-48.7%

FAQ

When did FuelCell Energy report Q2 2026 earnings?
FuelCell Energy (FCEL) reported Q2 2026 earnings on June 8, 2026 before market open.
What were FuelCell Energy's Q2 2026 revenue and EPS?
FuelCell Energy reported revenue of $35.6M and eps of $-0.53 for Q2 2026.
Did FuelCell Energy beat estimates in Q2 2026?
Revenue missed the consensus estimate of $40.5M by $4.9M. EPS missed the consensus estimate of $-0.52 by $0.01.
How did FuelCell Energy's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 4.9% from $37.4M a year earlier and eps grew 70.4% from $-1.79.
Where can I find FuelCell Energy's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-071181) and the 10-Q periodic report (0001104659-26-071183) directly on SEC EDGAR. The filing index links above go to sec.gov.