Quarterly UpdatesJul 15, 2026, 08:21 AM
Eos Energy Sees Record Q2 Revenue $68-69M, Backlog $807M
AI Summary
Eos Energy Enterprises announced preliminary Q2 2026 financial results, expecting record quarterly revenue of $68 million to $69 million, driven by a more than three-fold increase in shipments year-over-year. The company also reported a record backlog of approximately $807 million, up 25% from the prior quarter, and total cash of about $364 million. While gross margin loss is anticipated between 69% and 73% due to start-up costs for its new Battery Line 2, the expansion significantly increases capacity and is expected to improve unit economics and margins over time.
Key Highlights
- Preliminary Q2 2026 revenue expected to be $68 million to $69 million, a record for the company.
- Record backlog of approximately $807 million as of June 30, 2026, an increase of 25% from prior quarter.
- Gross margin loss anticipated between 69% and 73% for the three-month period ended June 30, 2026.
- Total cash, including restricted cash, of approximately $364 million as of June 30, 2026.
- Shipments increased more than three-fold compared to the prior-year period.
- Battery Line 2 commenced commercial production in mid-June, expanding manufacturing capacity.
Price Impact
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