Filing Flows › Ormat Technologies (ORA) › Q2 2026
Ormat Technologies (ORA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Ormat Technologies (ORA) reported revenue of $259M for the second quarter 2026 (Q2 2026), +11% from a year earlier and -36% from the quarter before. Operating margin was 13.2%, net earnings $27.1M (10.5% of revenue).
Ormat Technologies, Q2 2026: revenue $259M (+11% year over year), operating margin 13.2%, net earnings $27.1M, operating cash flow $50.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $259M | -36% | +11% |
| Gross profit | $68.7M | -43% | +21% |
| Operating profit | $34.2M | -57% | -3% |
| Net earnings | $27.1M | -39% | -3% |
| Operating cash flow | $50.6M | -36% | -48% |
What changed
Revenue was $258.8M in Q2 2026, up 11% year over year and down 36% from the previous quarter. Electricity was the largest line at 65% of revenue. Energy Storage added $28.3M year over year (up 195%), 114% of the total change. Product declined 22%.
Gross margin was 26.5%, up 2.2 points from Q2 2025. Operating profit was $34.2M, a 13.2% margin (down 1.9 points year over year). Operating profit fell $1.1M even though revenue rose $24.7M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 60% against revenue growth of 11%. Net earnings were $27.1M, down 3% year over year ($26.0M including minority interests, which bore $1.1M of losses). The effective tax rate was -59.1%.
Operating cash flow was $50.6M (down 48% year over year), 195% of net income including minority interests. Non-cash charges added back $79.6M of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items used $61.2M. Capital expenditures of $138.0M exceeded it, leaving free cash flow of −$87.4M.
Questions
What was Ormat Technologies' revenue in the second quarter 2026?
Ormat Technologies (ORA) reported revenue of $259M for the second quarter 2026 (Q2 2026), +11% from a year earlier and -36% from the quarter before.
Was Ormat Technologies profitable in the second quarter 2026?
Operating profit was $34.2M (13.2% of revenue) and net earnings $27.1M.
Source: Ormat Technologies 10-Q on SEC EDGAR.