Q2 FY2026 EarningsQ2 FY26 results missed consensus estimates as the company remains in a pre-revenue stage, with zero revenue vs. $6.0M expected. GAAP EPS of -$0.04 beat the -$0.06 mean estimate, primarily due to a $15.3M non-cash share-based compensation credit from executive forfeiture. Although the first customer lease with TensorWave (expected $6.5B revenue) and a $431M convertible note offering bolster the outlook, substantial doubt about the company's ability to continue as a going concern remains until project-level financing is secured.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Fermi(FRMI) the EBIT is -26.76 M (--%), Beat estimate;the EPS is -0.04 (--%), Beat estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
Revenue
TBA--
0.01B--
----
EBITExceed expectations
-0.03B--
-0.05B--
+0.03B--%
EPSExceed expectations
-0.04--
-0.0609--
+0.0209--%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf