Filing Flows › Fuelcell Energy (FCEL) › Q3 FY26 › vs Q2 FY26
Fuelcell Energy (FCEL) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Fuelcell Energy's revenue fell $2.6M (-7%) from $35.6M in Q2 FY26 to $33.0M in Q3 FY26. The biggest changes: Service −$1.8M (-42%); Advanced Technologies −$937K (-20%); Generation +$120K (+1%).
Fuelcell Energy, Q3 FY26: revenue $33.0M (-29% year over year), operating margin -141.4%, net loss $45.3M, operating cash flow −$12.2M. The chart draws each line against Q2 FY26, the increases inside each band.
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Product | $18.0M | $18.0M | −$18K | -0.1% |
| Generation | $8.8M | $8.7M | $120K | +1% |
| Advanced Technologies | $3.8M | $4.7M | −$937K | -20% |
| Service | $2.4M | $4.2M | −$1.8M | -42% |
| Revenue | $33.0M | $35.6M | −$2.6M | -7% |
| Other income, net | $1.4M | $234K | $1.1M | +488% |
| Net loss | $45.3M | $77.6M | −$32.3M | -42% |
| Costs & expenses | $79.7M | $114M | −$33.8M | -30% |
| Operating costs | $79.7M | $114M | −$33.8M | -30% |
| Cost of revenue | $57.5M | $48.5M | $9.0M | +19% |
| Research & development | $8.5M | $7.7M | $800K | +10% |
| SG&A | $13.6M | $14.7M | −$1.1M | -7% |
| Operating cash sources | $45.3M | $77.6M | −$32.3M | -42% |
| Depreciation & amortization | $9.4M | $10.8M | −$1.5M | -13% |
| Share-based compensation | $2.5M | $2.6M | −$176K | -7% |
| Working capital & other | $21.2M | $36.9M | −$15.6M | -42% |
| Cash used in operations | $12.2M | $27.3M | −$15.1M | -55% |
| Net loss absorbed | $45.3M | $77.6M | −$32.3M | -42% |
Questions
How much did Fuelcell Energy's revenue grow quarter over quarter in Q3 FY26?
Fuelcell Energy's revenue fell $2.6M (-7%) from $35.6M in Q2 FY26 to $33.0M in Q3 FY26.
What drove Fuelcell Energy's revenue change in Q3 FY26?
Service −$1.8M (-42%); Advanced Technologies −$937K (-20%); Generation +$120K (+1%).