In Houston, Stem, Inc. (NYSE: STEM), a leading global provider of AI-driven clean energy solutions, has reported its financial performance for the quarter ending June 30, 2026. The company disclosed total revenue of $33.7 million, a decrease of 12% from the previous year's $38.4 million. However, revenue from software, services, and edge hardware saw a slight increase to $33.4 million, up by 1% from $32.9 million in the same period last year. Stem's GAAP gross profit for the quarter was $13.9 million, reflecting a 9% rise from $12.8 million in 2Q25. Additionally, the company achieved a GAAP gross margin of 41%, a significant improvement from the 33% margin recorded previously.
