Filing Flows › Ormat Technologies (ORA) › Q3 2026 › vs Q3 2025
Ormat Technologies (ORA) Q3 2026 vs Q3 2025 (year over year)
Ormat Technologies's revenue rose $25.4M (+10%) from $250M in Q3 2025 to $275M in Q3 2026. The biggest changes: Energy Storage +$29.6M (+145%); Electricity −$3.4M (-2%); Product −$731K (-1%). Gross margin 28.1% against 25.6% (+2.5 pts).
Ormat Technologies, Q3 2026: revenue $275M (+10% year over year), operating margin 16.4%, net earnings $31.9M, operating cash flow $99.7M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 28.1% | 25.6% | +2.5 pts |
| Operating margin | 16.4% | 16.2% | +0.3 pts |
| Net margin | 11.6% | 9.7% | +1.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Electricity | $164M | $167M | −$3.4M | -2% |
| Product | $61.5M | $62.2M | −$731K | -1% |
| Energy Storage | $49.9M | $20.4M | $29.6M | +145% |
| Revenue | $275M | $250M | $25.4M | +10% |
| Gross profit | $77.4M | $64.0M | $13.3M | +21% |
| Cost of revenue | $198M | $186M | $12.1M | +6% |
| Operating profit | $45.2M | $40.4M | $4.8M | +12% |
| Operating expenses | $32.1M | $23.6M | $8.5M | +36% |
| Pre-tax earnings | $23.0M | $20.4M | $2.6M | +13% |
| Other expense, net | $22.2M | $20.0M | $2.2M | +11% |
| Income tax benefit | $6.8M | $4.3M | $2.5M | +58% |
| Loss borne by minority interests | $2.1M | −$571K | $2.7M | — |
| Net earnings | $31.9M | $24.1M | $7.8M | +32% |
| Depreciation & amortization | $82.5M | $75.0M | $7.5M | +10% |
| Share-based compensation | $5.5M | $4.9M | $557K | +11% |
| Working capital & other | $20.2M | $58.9M | −$38.7M | -66% |
| Operating cash flow | $99.7M | $45.2M | $54.6M | +121% |
| Capital expenditures | $173M | $147M | $25.4M | +17% |
| Negative free cash flow (OCF − capex) | $72.9M | $102M | −$29.2M | -29% |
Questions
How much did Ormat Technologies's revenue grow year over year in Q3 2026?
Ormat Technologies's revenue rose $25.4M (+10%) from $250M in Q3 2025 to $275M in Q3 2026.
What drove Ormat Technologies's revenue change in Q3 2026?
Energy Storage +$29.6M (+145%); Electricity −$3.4M (-2%); Product −$731K (-1%).