When did Plug Power report Q1 2026 earnings?

Plug Power (PLUG) reported Q1 2026 earnings on May 11, 2026 after market close.

What were Plug Power's Q1 2026 revenue and EPS?

Plug Power reported revenue of $163.5M and eps of $-0.08 for Q1 2026.

Did Plug Power beat estimates in Q1 2026?

Revenue beat the consensus estimate of $139.9M by $23.6M. EPS beat the consensus estimate of $-0.09 by $0.01.

How did Plug Power's Q1 2026 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 22.3% from $133.7M a year earlier and eps grew 61.9% from $-0.21.

Where can I find Plug Power's Q1 2026 SEC filings?

You can read the 8-K earnings release (0001104659-26-058615) and the 10-Q periodic report (0001104659-26-058712) directly on SEC EDGAR. The filing index links above go to sec.gov.

Plug Power PLUG Q1 2026 earnings

Reported May 11, 2026 · After market close

Revenue$163.5MBeat by $23.6M

EPS-$0.08Beat by $0.01

Revenue estimate$139.9M

EPS estimate-$0.09

Next report

Aug 10, 2026 (In 1 week)

Revenue estimate$169.1M

EPS estimate-$0.08

Financials

Q1 2026

Income statement

See full

Revenue$163.5M+22.3%

Gross profit-$21.6M+70.7%

Operating income-$109.5M+38.6%

Net income-$245.3M-24.7%

EPS (diluted)-$0.18+14.3%

Balance sheet

See full

Cash & equivalents$223.2M-24.6%

Total debt$263.3M-22.5%

Total equity$749.8M-59.6%

Total assets$2.4B-34.8%

Cash flow

See full

Operating cash flow-$150.0M-42.1%

CapEx$2.4M-94.0%

Free cash flow-$152.4M-4.4%

Valuation & ratios

Valuation

as of 07/28/26

See full

Market cap$2.87B+41.5%

Enterprise value$2.91B+30.9%

P/S3.9×+0.9×

Profitability

See full

Gross margin-26.4%-10.7pp

Operating margin-189%-51.4pp

Net margin-227.1%-48.7pp

FCF margin-88.3%-23.9pp

Returns & leverage

See full

Return on equity-128.9%+150pp

Debt / equity0.4×+0.2×

Current ratio2.4×+0.4×

Segments

By product

See full

Sale Of Electrolyzers$40.9M+344%

Fuel Delivered To Customers And Related Equipment$35.8M+21.5%

Power Purchase Agreements$26.3M+13.3%

Services Performed On Fuel Cell Systems And Related Infrastructure$22.0M+30.2%

Sale Of Hydrogen Infrastructure$12.6M+123%

By segment

See full

Single Reportable$163.5M+22.3%

Versus estimates

Revenue

Q1 2026$163.5MBeat by $23.6M

Q4 2025$225.2MBeat by $7.8M Q3 2025$177.1MMiss by $40.3M Q2 2025$174.0MMiss by $27.0M Q1 2025$133.7MBeat by $1.9M Q4 2024$191.5MBeat by $20.4M

Diluted EPS

Q1 2026-$0.08Beat by $0.01

Q4 2025-$0.06Beat by $0.04 Q3 2025-$0.12Beat by $0.01 Q2 2025-$0.16Miss by $0.01 Q1 2025-$0.21Miss by $0.01 Q4 2024-$1.65Miss by $1.42

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Questions, answered.

When did Plug Power report Q1 2026 earnings?: Plug Power (PLUG) reported Q1 2026 earnings on May 11, 2026 after market close.
What were Plug Power's Q1 2026 revenue and EPS?: Plug Power reported revenue of $163.5M and eps of $-0.08 for Q1 2026.
Did Plug Power beat estimates in Q1 2026?: Revenue beat the consensus estimate of $139.9M by $23.6M. EPS beat the consensus estimate of $-0.09 by $0.01.
How did Plug Power's Q1 2026 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 22.3% from $133.7M a year earlier and eps grew 61.9% from $-0.21.
Where can I find Plug Power's Q1 2026 SEC filings?: You can read the 8-K earnings release (0001104659-26-058615) and the 10-Q periodic report (0001104659-26-058712) directly on SEC EDGAR. The filing index links above go to sec.gov.