Filing Flows › Fuelcell Energy (FCEL) › Q2 FY26 › vs Q1 FY26
Fuelcell Energy (FCEL) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Fuelcell Energy's revenue rose $5.1M (+17%) from $30.5M in Q1 FY26 to $35.6M in Q2 FY26. The biggest changes: Product +$6.0M (+50%); Generation −$2.3M (-21%); Service +$986K (+31%).
Fuelcell Energy, Q2 FY26: revenue $35.6M (-5% year over year), operating margin -218.9%, net loss $77.6M, operating cash flow −$27.3M. The chart draws each line against Q1 FY26, the increases inside each band.
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Product | $18.0M | $12.0M | $6.0M | +50% |
| Generation | $8.7M | $11.0M | −$2.3M | -21% |
| Advanced Technologies | $4.7M | $4.3M | $403K | +9% |
| Service | $4.2M | $3.2M | $986K | +31% |
| Revenue | $35.6M | $30.5M | $5.1M | +17% |
| Other income, net | $234K | $239K | −$5K | -2% |
| Income tax benefit | $50K | $0 | $50K | — |
| Net loss | $77.6M | $26.1M | $51.6M | +198% |
| Costs & expenses | $114M | $56.8M | $56.7M | +100% |
| Operating costs | $114M | $56.8M | $56.7M | +100% |
| Cost of revenue | $48.5M | $36.4M | $12.1M | +33% |
| Research & development | $7.7M | $7.0M | $746K | +11% |
| SG&A | $14.7M | $13.5M | $1.2M | +9% |
| Operating cash sources | $77.6M | $26.1M | $51.6M | +198% |
| Depreciation & amortization | $10.8M | $10.5M | $324K | +3% |
| Share-based compensation | $2.6M | $2.4M | $236K | +10% |
| Working capital & other | $36.9M | −$20.8M | $57.7M | — |
| Cash used in operations | $27.3M | $33.9M | −$6.6M | -20% |
| Net loss absorbed | $77.6M | $26.1M | $51.6M | +198% |
Questions
How much did Fuelcell Energy's revenue grow quarter over quarter in Q2 FY26?
Fuelcell Energy's revenue rose $5.1M (+17%) from $30.5M in Q1 FY26 to $35.6M in Q2 FY26.
What drove Fuelcell Energy's revenue change in Q2 FY26?
Product +$6.0M (+50%); Generation −$2.3M (-21%); Service +$986K (+31%).