Revenue: As of FY2026 Q1, the actual value is USD 403.91 M.EPS: As of FY2026 Q1, the actual value is USD 0.71, missing the estimate of USD 0.9535.EBIT: As of FY2026 Q1, the actual value is USD 123.82 M.<h4>Revenue</h4><ul><li>Total Revenues: Increased by 75.8% to $403.9 million in Q1 2026, up from $229.8 million in Q1 2025 .<ul><li>Electricity Segment Revenue: Increased by 0.8% to $181.6 million in Q1 2026 from $180.2 million in Q1 2025, driven by contributions from the Blue Mountain power plant, improved generation performance at Olkaria and Stillwater facilities, and lower curtailments, partially offset by a - $4.8 million reduction due to high ambient temperatures in Nevada .</li><li>Product Segment Revenue: Increased by 458.4% to $177.4 million in Q1 2026 from $31.8 million in Q1 2025, primarily due to $105.1 million revenue recognition related to the Topp 2 sale .</li><li>Energy Storage Segment Revenue: Increased by 153.1% to $44.9 million in Q1 2026 from $17.8 million in Q1 2025, driven by capacity expansion, high asset availability, and strong merchant pricing in the PJM market .</li></ul></li></ul><h4>Gross Profit and Margin</h4><ul><li>Gross Profit: Increased by 65.1% to $120.4 million in Q1 2026 from $72.9 million in Q1 2025 .</li><li>Overall Gross Margin: Decreased to 29.8% in Q1 2026 from 31.7% in Q1 2025 .<ul><li>Electricity Gross Margin: 30.8% in Q1 2026 compared to 33.5% in Q1 2025 .</li><li>Product Gross Margin: 21.4% in Q1 2026 compared to 22.3% in Q1 2025 .</li><li>Energy Storage Gross Margin: 59.1% in Q1 2026 compared to 30.6% in Q1 2025 .</li></ul></li></ul><h4>Operating Income</h4><ul><li>Operating Income: Increased by 57.6% to $80.3 million in Q1 2026 from $50.9 million in Q1 2025 .</li></ul><h4>Net Income</h4><ul><li>Net Income Attributable to the Company’s Stockholders: Increased by 9.2% to $44.1 million in Q1 2026 from $40.4 million in Q1 2025 . This increase was partly offset by $38.0 million of one-time pre-tax expenses, including $33.7 million from the induced conversion of 2027 convertible notes, and $10.2 million in write-offs and impairment charges, partially offset by a $9.6 million gain from the Hoku acquisition .</li><li>Adjusted Net Income Attributable to the Company’s Stockholders: Increased by 93.5% to $80.3 million in Q1 2026 from $41.5 million in Q1 2025 .</li></ul><h4>Adjusted EBITDA</h4><ul><li>Adjusted EBITDA: Increased by 29.7% to $194.9 million in Q1 2026 from $150.3 million in Q1 2025, driven by strong contributions from the Energy Storage segment, elevated merchant pricing, and significant growth in the Product segment .</li></ul><h4>Operational Metrics</h4><ul><li>Product Segment Backlog: Stood at approximately $239 million as of May 6, 2026, including $56 million from two new contracts .</li><li>Power Purchase Agreements (PPAs): Ormat Technologies, Inc. secured approximately 270MW of new PPAs in the United States, including 67MW for a new solar-plus-storage project in Nevada and geothermal PPAs with Google and Switch, some of which are “blend-and-extend” agreements increasing contract pricing by approximately 27% .</li><li>Strategic Investments and Acquisitions: The company closed a $1 billion convertible notes offering, acquired the Hoku 30MW solar PV plant with a 30MW/120MWh battery for approximately $80 million in cash, and invested $25 million in Sage Geosystems .</li><li>New Operations: Commenced commercial operations at the 80MW/320MWh Shirk energy storage facility .</li><li>Asset Sales: Ormat Technologies, Inc. agreed to sell the 50MW Topp 2 project for approximately $107 million .</li></ul><h4>Outlook / Guidance</h4>Ormat Technologies, Inc. reiterates its 2026 full-year guidance, projecting total revenues between $1,110 million and $1,160 million . Electricity segment revenues are anticipated to be between $715 million and $730 million, while Product segment revenues are expected to be between $300 million and $320 million . Energy Storage revenues are forecasted between $95 million and $110 million, and Adjusted EBITDA is guided between $615 million and $645 million, with approximately $18.0 million attributable to minority interest .

Ormat Tech | 8-K: FY2026 Q1 Revenue: USD 403.91 M