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Ameresco (AMRC) guidance and outlook
Ameresco (AMRC) raised some and lowered other parts of its guidance on Nov 9, 2026: Revenue $625M for Q4 2026; Gross margin 17% for Q4 2026; Revenue $2.1B for FY2026; Gross margin 17% for FY2026. Ameresco's 10-Q filed Nov 9, 2026 makes 54 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q4 2026 | $625M | new |
| Gross margin | Q4 2026 | 17% | new |
| Revenue | FY2026 | $2.1B | raised |
| Gross margin | FY2026 | 17% | reaffirmed |
| Depreciation & amortization | FY2026 | $115M | reaffirmed |
| Interest expense | FY2026 | $105M | raised |
| Tax rate | FY2026 | −50% | lowered |
From the earnings release filed Nov 9, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 9, 2026
- We determined that the new method is preferable because it better reflects the tax attributes and timing of realization of the credits and results in consistent accounting for credits we intend to sell and those we intend to use.
- The impact to our future operations and results of operations as a result of these global trends remains uncertain and the challenges we face, including increases in costs for logistics and supply chains, intermittent supplier delays, and shortages of certain components needed for our business, such as electrical equipment, steel and aluminum as well as BESS equipment or components required for our projects and…
- This caused some delays in the timely delivery of material to customer sites and in the timely completion of certain projects and increased shipping, transportation, component and labor costs, negatively impacting our results of operations during the nine months ended September 30, 2026.
- We expect these challenges will persist and they may intensify.
- However, this increased demand may increase the competition we face and we may also face an increased risk in completing larger more complex projects.
- We believe the next decade will be marked by dramatic changes in the power infrastructure with resources shifting to more distributed assets, storage, and microgrids to increase overall reliability and resiliency.
- Climate change also brings risks, as the impacts have caused us to experience more frequent and severe weather interferences, and this trend is expected to continue.
- We are subject to seasonal fluctuations and construction cycles, particularly in climates that experience colder weather during the winter months, such as the northern United States and Canada, and climates that experience extreme weather events, such as wildfires, storms or flooding, hurricanes, or at educational institutions, where large projects are typically carried out during summer months when their…
- As previously disclosed, due to supply chain delays, weather and other events, we were unable to complete the projects by August 1, 2022 (the “Guaranteed Completion Date”).
- On August 30, 2024, we reached an agreement with SCE on the substantial completion of two out of three battery energy storage system projects.
- A majority of our revenues under this contract were recognized in 2022 based upon costs incurred in 2022 relative to total expected costs on this project.
- Total p roject backlog : Total project backlog represents energy efficiency projects that are active within our sales cycle and include awarded and contracted backlog.
Ameresco's latest quarter
Ameresco, Q3 2026: revenue $580M (+10% year over year), operating margin 10.6%, net earnings $31.9M, operating cash flow −$8.8M. The chart follows the revenue to costs, profit and cash.
Questions
Did Ameresco raise or lower its guidance?
Ameresco (AMRC) raised some and lowered other parts of its guidance on Nov 9, 2026: Revenue $625M for Q4 2026; Gross margin 17% for Q4 2026; Revenue $2.1B for FY2026; Gross margin 17% for FY2026.
What does Ameresco expect?
We determined that the new method is preferable because it better reflects the tax attributes and timing of realization of the credits and results in consistent accounting for credits we intend to sell and those we intend to use. The impact to our future operations and results of operations as a result of these global trends remains uncertain and the challenges we face, including increases in costs for logistics and supply chains, intermittent supplier delays, and shortages of certain components needed for our business, such as electrical equipment, steel and aluminum as well as BESS equipment
Updated Nov 10, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.