---
title: "Ormat Tech | 8-K: FY2026 Q1 Revenue: USD 403.91 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285438777.md"
datetime: "2026-05-06T20:57:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285438777.md)
  - [en](https://longbridge.com/en/news/285438777.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285438777.md)
---

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

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.

#### Revenue

-   **Total Revenues**: Increased by 75.8% to $403.9 million in Q1 2026, up from $229.8 million in Q1 2025 .
    -   **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 .
    -   **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 .
    -   **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 .

#### Gross Profit and Margin

-   **Gross Profit**: Increased by 65.1% to $120.4 million in Q1 2026 from $72.9 million in Q1 2025 .
-   **Overall Gross Margin**: Decreased to 29.8% in Q1 2026 from 31.7% in Q1 2025 .
    -   **Electricity Gross Margin**: 30.8% in Q1 2026 compared to 33.5% in Q1 2025 .
    -   **Product Gross Margin**: 21.4% in Q1 2026 compared to 22.3% in Q1 2025 .
    -   **Energy Storage Gross Margin**: 59.1% in Q1 2026 compared to 30.6% in Q1 2025 .

#### Operating Income

-   **Operating Income**: Increased by 57.6% to $80.3 million in Q1 2026 from $50.9 million in Q1 2025 .

#### Net Income

-   **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 .
-   **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 .

#### Adjusted EBITDA

-   **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 .

#### Operational Metrics

-   **Product Segment Backlog**: Stood at approximately $239 million as of May 6, 2026, including $56 million from two new contracts .
-   **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% .
-   **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 .
-   **New Operations**: Commenced commercial operations at the 80MW/320MWh Shirk energy storage facility .
-   **Asset Sales**: Ormat Technologies, Inc. agreed to sell the 50MW Topp 2 project for approximately $107 million .

#### Outlook / Guidance

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 .

### Related Stocks

- [ORA.US](https://longbridge.com/en/quote/ORA.US.md)

## Related News & Research

- [Abacus Wealth Partners LLC Buys New Shares in Ormat Technologies, Inc. $ORA](https://longbridge.com/en/news/286664072.md)
- [Ormat Technologies Director Sold Shares Worth Over $604K](https://longbridge.com/en/news/286622504.md)
- [Yext to Announce First Quarter Fiscal Year 2027 Financial Results on June 2, 2026 | YEXT Stock News](https://longbridge.com/en/news/286970613.md)
- [LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS | LOW Stock News](https://longbridge.com/en/news/287043063.md)
- [Suncrete auditor switch to Grant Thornton becomes effective, 8-K/A says](https://longbridge.com/en/news/287269041.md)