Energy Vault Q2 FY26 GAAP net loss narrows to USD 29.7 million; revenue more than doubles to USD 17.4 million y/y - NRGV News | RalliesEnergy Vault Q2 FY26 GAAP net loss narrows to USD 29.7 million; revenue more than doubles to USD 17.4 million y/y
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NRGV• Quarterly results and outlook
- Energy Vault booked second-quarter 2026 revenue of $17.4 million, more than doubling from a year earlier.
- GAAP net loss narrowed to $29.7 million, or $(0.17) per share.
- GAAP gross margin rose 1.4 percentage points to 31%, while adjusted gross margin (non-GAAP) widened to 38.6%.
- Backlog jumped to about $2 billion as of Aug. 10, 2026, up 47% quarter over quarter and 107% year over year.
- The company raised its 2026 revenue guidance to $270 million-$310 million and narrowed its GAAP gross margin guidance to 20%-25%.
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