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ARLINGTON, Va. - Fluence Energy, Inc. (NASDAQ:FLNC) shares surged 12.9% after the energy storage company issued robust fiscal 2026 guidance that overshadowed a fourth-quarter earnings and revenue miss, as investors focused on the company’s record order intake and backlog.
The intelligent energy storage provider reported fourth-quarter revenue of $1.04 billion, falling short of analyst expectations of $1.39 billion and down from $1.2 billion in the same period last year. Adjusted earnings per share came in at $0.13, missing the consensus estimate of $0.21. Despite these misses, the company posted net income of $24.1 million for the quarter, though this was significantly lower than the $67.7 million reported in the same quarter last year.
Investors responded positively to Fluence’s fiscal 2026 outlook, which projects revenue between $3.2 billion and $3.6 billion, exceeding analyst expectations of $3.17 billion. The midpoint guidance of $3.4 billion represents approximately 50% growth over fiscal 2025. The company also expects adjusted EBITDA of $40 million to $60 million for the fiscal year.
"We believe we are well positioned to capitalize on the accelerating demand for energy storage. We achieved $1.4 billion of new orders for the quarter and 13.7% adjusted gross profit margin for the year, both record results for the Company," said Julian Nebreda, the company’s President and Chief Executive Officer.
Fluence reported a record backlog of approximately $5.3 billion as of September 30, 2025, up from $4.5 billion a year earlier. The company noted that approximately 85% of its fiscal 2026 revenue guidance midpoint is already covered by existing backlog.
"With approximately 85% of our revenue forecast already secured in our backlog and a record liquidity position, we are confident in our ability to deliver 50% revenue growth for fiscal year 2026," said Ahmed Pasha, Chief Financial Officer.
The company ended the fiscal year with total cash and liquidity of approximately $1.3 billion, representing the highest level in company history, compared to approximately $1.0 billion as of September 30, 2024.
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