Ormat Q2 FY26 net income falls 3.4% to $27.1 million; revenue rises 10.6% to $258.8 million
ORA•Q2 FY26 results
Ormat posted Q2 2026 revenue of $258.8 million, up 10.6% year over year; GAAP diluted EPS slipped 6.5% to $0.43.
GAAP gross profit climbed 20.8% to $68.7 million; operating income edged down 3.2% to $34.2 million.
GAAP net income attributable to stockholders eased 3.4% to $27.1 million, pressured by a $6.6 million write-off of storage projects.
Segment performance and outlook
Energy Storage revenue more than doubled to $42.8 million, while Product revenue fell 21.6% to $46.7 million.
Ormat raised full-year revenue guidance to $1.15 billion-$1.2 billion, lifting adjusted EBITDA guidance to $630 million-$650 million.
