FUELCELL ENERGY INC (FCEL) Earnings History
FUELCELL ENERGY INC - Q1 FY2026 EarningsBeat
EXECUTIVE SUMMARY
FuelCell Energy reported strong Q1 FY2026 revenue growth driven by product and service agreements, while also advancing its data center power strategy. The company is focusing on converting its pipeline of opportunities, particularly in the data center and AI sectors, leveraging its proven track record in delivering clean, dependable energy.
POSITIVE HIGHLIGHTS
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Revenue increased by 61% to $30.5 million compared to the prior year quarter.
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Loss from operations decreased by 20% to $(26.3) million compared to the prior year quarter.
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Net loss per share attributable to common stockholders improved to $(0.49) from $(1.42) in the prior year quarter.
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Cash and cash equivalents, including restricted cash, increased to $379.6 million from $341.8 million in the prior quarter.
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The company sold approximately $56.3 million of common stock under its Open Market Sale Agreement, strengthening its liquidity.
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CONCERNS & RISKS
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Gross loss increased by 13% to $(5.9) million, primarily due to increased gross loss from manufacturing variances and lower gross profit from Advanced Technologies contracts.
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Backlog decreased by approximately 10.8% to $1.17 billion from $1.31 billion in the prior year, mainly due to revenue recognized over the period.
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Product revenues were lower than planned by $6.0 million due to the timing of commissioning for two delivered modules.
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Generation revenues decreased slightly to $11.0 million from $11.3 million due to lower output from plants in the generation operating portfolio.
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Advanced Technologies contract revenues decreased to $4.3 million from $5.7 million in the prior year quarter.
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Adjusted EBITDA was $(17.0) million, a decrease from $(21.1) million in the prior year quarter, indicating continued operational losses on a non-GAAP basis.
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FINANCIAL METRICS
MARGIN ANALYSIS
Margin metrics will be available once backend extracts data from insights_json
REVENUE BY SEGMENT — Q1 FY2026 2026
VISUAL OVERVIEW
DETAILED BREAKDOWN
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Product | N/A | — | — | — |
Service | N/A | — | — | — |
Generation | N/A | — | — | — |
Advanced Technologies | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
EARNINGS CALL —
MANAGEMENT COMMENTARY
Delivered strong revenue growth, sharpened operating discipline, and strengthened our liquidity position.
Positioning FuelCell Energy to capture the defining opportunity of the AI era.
Data center developers and hyperscalers are prioritizing reliable, immediate power solutions.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.