Plug Power Q2 FY26 GAAP loss narrows to USD 0.14 a share; revenue rises 9% quarter-on-quarter to USD 178.3 million

Reuters2026/08/10 20:04

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Plug Power posted Q2 net revenue of $178.3 million, up about 9% sequentially, as gross margin swung to about break-even from (13%) in Q1.
GAAP net loss attributable to shareholders narrowed to $188.2 million, or $(0.14) per share, from $(0.20) a year earlier.
Operating expenses fell about 50% year over year to $62.4 million, while unrestricted cash ended at $161.9 million and net cash usage improved to about $61 million.
GenDrive unit deployments more than doubled year over year to 1,666, while service revenue jumped 82% to $29.8 million and fuel revenue rose about 15% to $39.5 million.
Plug raised its full-year 2026 revenue growth outlook to 15%-16%, targeting positive EBITDAS in Q4.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Plug Power Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608101601PRIMZONEFULLFEED9807050) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Plug Power Q2 FY26 GAAP loss narrows to USD 0.14 a share; revenue rises 9% quarter-on-quarter to USD 178.3 million

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