📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Fluence Energy, Inc., through its subsidiaries, provides energy storage and optimization software for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding FLNC

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	1.42M	$19.6M	0.03%	Mar 2026
Steve Cohen Point72 Asset Management	524.5K	$7.2M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q3 2025

Confident Specific

Management used positive language such as 'pleased to report', 'strong double-digit margins', 'robust demand', and 'largest contract in our history', while also candidly acknowledging a $100 million revenue shortfall due to manufacturing ramp delays and a $30 million net tariff impact. The tone remained optimistic about legislative support (OBB3) and the U.S. market recovery.

Q4 2025

Confident Specific

Management acknowledges a $300M revenue shortfall and Arizona facility delays, but provides specific corrective actions and detailed numbers (e.g., staffing now at target, production rate improved from 1.5 to 5 enclosures/day). They emphasize record orders, strong margins, and readiness for growth, demonstrating ownership and a clear plan.

Q1 2026

Confident Specific

Management repeatedly used definitive language like 'we are reaffirming', 'record backlog of $5.5 billion', 'strong momentum', and openly addressed specific issues (e.g., $20M cost impacts, ASC ownership) with concrete plans for recovery, projecting full confidence in full-year guidance.

Q2 2026 latest

Confident Specific

Management used precise figures ('$2 billion orders, double year-over-year', 'record backlog $5.6 billion', '11.1% gross margin') and repeatedly emphasized execution and reaffirmed guidance, projecting strong visibility into the year.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. Fluence demonstrated accelerating order intake (double year-over-year) and successfully penetrated the high-growth hyperscaler data center market with two MSAs, backed by a 12 GW pipeline. The company reaffirmed its revenue, ARR, and EBITDA guidance, and improved gross margins to within the target range. Key positives include strong liquidity ($900M), U.S. domestic supply chain advantages, and a differentiated product for fast-response power quality. However, the lack of financial detail on the hyperscaler deals leaves uncertainty about near-term revenue contribution. Watch for conversion of the initial hyperscaler purchase order in Q3 and further order growth in Q4 to validate the pipeline conversion narrative.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Fluence Energy Q2 2026: $5.6B backlog, $2B orders YTD, hyperscaler MSAs signed

Revenue & Profitability

Q2 2026 revenue was $465 million. Adjusted gross profit was $51 million (11.1% margin). Adjusted EBITDA was negative $9 million, an improvement of $21 million YoY. Total liquidity ended at ~$900 million (including $430 million cash). Full-year fiscal 2026 guidance: revenue $3.2B–$3.6B, adjusted EBITDA $40M–$60M, ARR ~$180 million.

Outlook

Management sees accelerating global demand for energy storage driven by data centers and grid applications. The U.S. market is growing rapidly, with opportunities concentrated in California, Arizona, and MISO. ASPs are expected to decline, but demand expands accordingly; fiscal 2026 revenue is forecast to grow ~50% with adjusted gross margins of 11%–13%. The One Big Beautiful Bill Act supports domestic content tax credits.

Growth Drivers

Order intake has doubled YoY, with 50% from new customers. The data center pipeline increased 30%+ since the last call to 12 GW, largely linked to two hyperscaler MSAs. An initial purchase order from one hyperscaler is expected in Q3. SmartStack enables longer-duration applications (≥6 hours) with a small footprint. International markets also contribute, though U.S. opportunities are outpacing others.

Balance Sheet & CapEx

Not discussed in this earnings call.

Margins

Q2 2026 adjusted gross margin was 11.1%, within the full-year guidance of 11%–13%. Rolling 12-month margin is 12.4%. Management expects the full-year margin to be around the middle of the range (~12%). Operating leverage is a key focus: costs are expected to grow at less than half the rate of revenue growth, driving bottom-line improvement.

Key Risks

Q2 revenue was impacted by an $80 million delay: half from a customs issue in Vietnam and half from a shortage of loading equipment in Spain (both resolved). Higher lithium prices temporarily slowed customer decisions, but momentum resumed after stabilization. No material exposure to the Middle East conflict as shipments do not use the Strait of Hormuz. ASP declines are expected but managed through disciplined execution.

Generated by AI · Q2 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q3 2026 Q3 2026 2026-08-06

Record order intake and backlog growth were offset by production delays at new facilities, leading to reduced FY2026 revenue and EBITDA guidance. Data center segment momentum and robust pipeline position the company for future growth, with liquidity and margin guidance maintained despite operational challenges.

Q2 2026 Q2 2026 2026-05-07

Order intake doubled year-to-date, driving a record $5.6B backlog and strong U.S. demand. Q2 revenue rose 8% year-over-year to $465M, with adjusted gross margin at 11.1%. Guidance for FY26 is reaffirmed, with significant growth expected from data center MSAs.

Q1 2026 Q1 2026 2026-02-05

Record backlog and strong U.S. order intake drove a 30% pipeline increase, with expanding opportunities in data centers and long-duration storage. Q1 revenue and liquidity support reaffirmed 2026 guidance, while supply chain and legal risks were mitigated.

Q4 2025 Q4 2025 2025-11-25

Record Q4 orders and a $5.3B backlog set the stage for 2026 growth, despite FY2025 revenue falling short due to Arizona facility delays. Profitability and liquidity remain strong, with SmartStack and data center demand driving future opportunities.

Q3 2025 Q3 2025 2025-08-12

Q3 revenue was $603M, below plan due to U.S. production ramp-up delays, but gross margin reached 15.4% and liquidity exceeded $1B. Backlog grew to $4.9B, with strong international performance and U.S. market recovery as regulatory clarity improves.

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