Eos Energy Enterprises - Right | 8-K: FY2026 Q2 Revenue: USD 68.5 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 68.5 M.
Revenue
EOS ENERGY ENTERPRISES, INC. expects preliminary revenue to be between $68 million and $69 million for the three-month period ended June 30, 2026, marking the highest quarterly revenue in the company’s history . This represents a more than three-fold increase in shipments compared to the prior-year period . Revenue recognized during the first half of 2026 has surpassed the company’s total revenue for 2025 .
Gross Margin
The company anticipates a preliminary gross margin loss between 69% and 73% for the three-month period ended June 30, 2026 . This reflects continued progress in manufacturing scale and operational execution, with Battery Line 2 achieving higher yields and faster cycle times . Near-term cost absorption pressure is expected due to start-up costs and lower initial production volumes, typical during a production ramp-up .
Total Cash
As of June 30, 2026, EOS ENERGY ENTERPRISES, INC. reported preliminary total cash, including restricted cash, of approximately $364 million .
Backlog
Backlog reached approximately $807 million as of June 30, 2026, a company record . This signifies an increase of approximately 25% from the prior quarter, driven by strong commercial momentum and new orders exceeding shipments .
Customer Collections
Customer collections received during the quarter amounted to approximately $78 million, exceeding quarterly revenue .
Operational Milestones
The second quarter of 2026 marked the company’s transition to operating two commercial production lines across two manufacturing facilities . Battery Line 2 commenced commercial production in late June 2026, delivering strong initial results with yield performance and cycle times exceeding those achieved on Battery Line 1 . The company is advancing towards a targeted 4 GWh annual run-rate capacity by year-end . Site Acceptance Testing for 50% of its bipolar automation line was successfully completed, with full commissioning of all bi-polar machines expected in July 2026 .
Outlook / Guidance
EOS ENERGY ENTERPRISES, INC. expects to achieve record quarterly revenue and backlog, driven by investments in its manufacturing platform . With Battery Line 2 in commercial production and continued conversion of commercial opportunities, the company is well-positioned for growth throughout the second half of 2026 and beyond . Despite near-term cost absorption pressure from start-up costs, the company anticipates entering its next growth phase with increasing operational leverage, improved revenue visibility, and a stronger financial foundation .
