AES

Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus across all headline metrics, with revenue of $3.42B exceeding the $3.11B expected (+9.98%). Net income normalized reached $326M, comfortably ahead of the $321.56M consensus. Diluted EPS (GAAP) of $0.60 beat the $0.56 expectation by 7.14%, driven by strong operational margins in the Renewables and Energy Infrastructure segments and a $186M gain on the sale of Fluence shares. Management reaffirmed its growth trajectory despite the pending merger with Horizon Parent, L.P. at $15.00 per share.