Eos Energy Enterprises, Inc. Q3 FY26 Results

Summary

Eos Energy Enterprises announced preliminary results for the third quarter of 2026, expecting revenue in the range of $82 million to $83 million, a significant year-over-year increase of 169% to 172%. The company also anticipates an improvement in GAAP gross margin to between (55)% and (53)%, marking its eighth consecutive quarter of improvement, driven by higher production volumes and lower conversion costs. Management highlighted strong revenue visibility supported by customer commitments and backlog, with plans to bring the Thorn Hill facility to 24-hour operation in the fourth quarter.

Key Highlights

1. 1

   Eos Energy Enterprises expects revenue between $82 million and $83 million for the third quarter ended September 30, 2026, representing approximately 169% to 172% year-over-year growth.

2. 2

   Shipments increased approximately 23% quarter over quarter, supported by continued production scaling at the Company's second manufacturing line.

3. 3

   GAAP gross margin is expected to be between (55)% and (53)%, an improvement of approximately 16 to 18 percentage points compared to the second quarter of 2026.

4. 4

   The company achieved its eighth consecutive quarter of gross margin improvement.

5. 5

   Total cash, including restricted cash, was approximately $344 million as of September 30, 2026.

6. 6

   Backlog stood at approximately $765 million as of September 30, 2026, representing approximately 3.2 GWh.