Fluence Energy’s Q3 2026 revenue increased YoY, but production delays and higher costs pushed it to a quarterly net loss
It reported record order intake and backlog, particularly from data center customers
The company has lowered its fiscal 2026 revenue and adjusted EBITDA guidance
Fluence Energy, the US-based energy storage company, has reported higher revenue and record order intake for Q3 2026 (ended June 30, 2026), but says manufacturing delays weighed on its profitability during the quarter. It has now lowered the company’s full-year outlook.
Its revenue for the quarter increased to about $649.8 million from $602.5 million a year earlier, which it attributes to higher deliveries of energy storage solutions. However, the company said revenue was below expectations because of production delays at new contract manufacturing facilities.
Fluence reported a net loss of $44.3 million, compared with net income of $6.9 million in the same quarter last year. Its GAAP gross profit margin declined to 5.1% from 14.8%, while adjusted gross profit margin fell to 5.9% from 15.4% (see Fluence Energy Lifts Q3 2025 Revenue YoY, Trims Yearly Outlook).
It cited delayed revenue recognition, initial costs tied to new product platforms, and upfront costs related to a planned long-term international battery cell supply agreement for the lower margins.
Despite the weaker financial performance, Fluence said customer demand remained strong. Its quarterly order intake exceeded $1.44 billion, nearly three times the level recorded a year earlier, while backlog reached a record $6.4 billion as of June 30, 2026.
The company also secured about $850 million in data center business through July, including its first large behind-the-meter (BTM) order and about $550 million in awards from a hyperscaler.
“Customer demand for Fluence solutions continues to strengthen, driven by our differentiated technology, digital capabilities, and expanding role supporting the growing power needs of utilities, developers, and data centers," said Julian Nebreda, President and CEO of Fluence Energy.
According to Nebreda, while the company’s production has lagged expectations this year, the company has taken steps to reach targeted production levels early in fiscal 2027.
“With both record order intake and backlog, and increasing momentum with all of our customer segments including data centers, we remain confident in the long-term opportunity ahead and our positioning to capitalize on it,” added the CEO.
Looking ahead, Fluence reduced its fiscal 2026 guidance after estimating that about $400 million in project deliveries will shift into fiscal 2027. The revision factors in production issues at a new international contract manufacturing facility and construction-related delays at a new US manufacturing facility.
The company now expects fiscal 2026 revenue of $2.9 billion to $3.1 billion, down from its previous forecast of $3.2 billion to $3.6 billion. It also revised adjusted EBITDA guidance to a loss of $30 million to a profit of $10 million, compared with the earlier range of $40 million to $60 million.
Its annual recurring revenue target of about $180 million by the end of fiscal 2026 remains unchanged.
