Aemetis

Q2 FY2026 EarningsQ2 FY26 missed consensus on revenue and net income, reporting revenue of $62.7M vs. $68.6M expected and a GAAP EPS loss of $0.13, which was better than the expected $0.2754 loss. While total revenue grew 20% YoY, the top-line miss was driven by a significant decline in India Biodiesel sales due to a lack of OMC purchases. Despite the revenue miss, gross margin improved significantly to 21.56% vs. 10.29% expected, bolstered by $8.6M in Section 45Z tax credits and lower corn input costs. Operating income of $5.8M beat the expected loss of $3.6M, reflecting strong operational improvement in California Ethanol and Dairy RNG segments.