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Plug Power (PLUG) Services performed on fuel cell systems and related infrastructure revenue by quarter

Plug Power's Services performed on fuel cell systems and related infrastructure revenue was $29.8M in Q2 2026 (second quarter 2026), +36% from Q1 2026. Over the last 7 quarters it ranged from $12.0M (Q4 2024) to $41.5M (Q4 2025).

Plug Power Services performed on fuel cell systems and related infrastructure revenue by quarterPlug Power Services performed on fuel cell systems and related infrastructure revenue by quarter$12.0MQ4 2024$16.9MQ1 2025$16.4MQ2 2025$19.7MQ3 2025$41.5MQ4 2025$22.0MQ1 2026$29.8MQ2 2026
QuarterServices performed on fuel cell systems and related infrastructure revenueQ/QY/Y
Q2 2026$29.8M+36%+82%
Q1 2026$22.0M-47%+30%
Q4 2025$41.5M+110%+247%
Q3 2025$19.7M+21%—
Q2 2025$16.4M-3%—
Q1 2025$16.9M+41%—
Q4 2024$12.0M——

Q2 2026 at a glance

Plug Power, Q2 2026: revenue $178M (+2% year over year), operating margin -36.0%, net loss $190M, operating cash flow −$94.1M. The chart follows the revenue to costs, profit and cash.

Questions

What is Plug Power's Services performed on fuel cell systems and related infrastructure revenue?

Plug Power's Services performed on fuel cell systems and related infrastructure revenue was $29.8M in Q2 2026 (second quarter 2026), +36% from Q1 2026.

How has Plug Power's Services performed on fuel cell systems and related infrastructure revenue changed?

Over the last 7 quarters it ranged from $12.0M (Q4 2024) to $41.5M (Q4 2025).

Q2 2026 results → · How Plug Power makes money →