Fluence Energy

Q3 FY2026 EarningsQ3 FY26 missed consensus significantly across all key financial metrics, with revenue of $649.8M vs. $811.1M expected and gross margin falling to 5.1% vs. the 12.6% consensus. The results were primarily impacted by production delays at new contract manufacturing facilities and upfront costs for battery supply agreements. Despite the financial miss, order intake nearly tripled YoY to $1.44B, driving backlog to a record $6.4B. Consequently, management lowered its FY26 revenue midpoint to $3.0B from $3.4B and slashed Adjusted EBITDA guidance to a midpoint loss of $10M.