Filing Flows › Fluence Energy (FLNC) › Q2 FY26
Fluence Energy (FLNC) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 6, 2026
Fluence Energy (FLNC) reported revenue of $465M for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and -2% from the quarter before. Operating margin was -6.0%, net loss $29.2M (6.3% of revenue).
Fluence Energy, Q2 FY26: revenue $465M (+8% year over year), operating margin -6.0%, net loss $29.2M, operating cash flow −$121M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $465M | -2% | +8% |
| Operating profit | −$27.7M | — | — |
| Net earnings | −$29.2M | — | — |
| Operating cash flow | −$121M | — | — |
What changed
Revenue was $464.9M in Q2 FY26, up 8% year over year and down 2% from the previous quarter. Revenue from energy storage products and solutions was the largest line at 93% of revenue. Revenue from energy storage products and solutions added $36.3M year over year (up 9%), 109% of the total change. Revenue from services declined 11%.
Gross margin was 10.0%, up 0.2 points from Q2 FY25. Operating costs exceeded revenue by $27.7M, an operating margin of -6.0%. Operating expenses fell 14% while revenue rose 8%. The quarter ended with a net loss of $29.2M, narrower than the previous quarter's $62.6M loss. Minority interests bore $8.3M of it: to shareholders the quarter was a loss of $20.9M.
Operating cash flow was −$121.1M. Non-cash charges added back $10.7M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $106.5M. Capital expenditures of $2.5M exceeded it, leaving free cash flow of −$123.6M.
Questions
What was Fluence Energy's revenue in the second quarter fiscal 2026?
Fluence Energy (FLNC) reported revenue of $465M for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and -2% from the quarter before.
Was Fluence Energy profitable in the second quarter fiscal 2026?
Operating loss was $27.7M (-6.0% of revenue) and net loss $29.2M.
Source: Fluence Energy 10-Q on SEC EDGAR.