Plug Power Q2 FY26 GAAP loss narrows to USD 0.14 a share; revenue rises 9% quarter-on-quarter to USD 178.3 million - PLUG News | Rallies
Plug Power Q2 FY26 GAAP loss narrows to USD 0.14 a share; revenue rises 9% quarter-on-quarter to USD 178.3 million P PLUG • 2026-08-10 Full-year outlook raised
Plug raised its full-year 2026 revenue growth outlook to 15%-16% , targeting positive EBITDAS in Q4 .
Deployment and revenue trends
GenDrive unit deployments more than doubled year over year to 1,666 .
Service revenue jumped 82% to $29.8 million , and fuel revenue rose about 15% to $39.5 million .
Quarterly results improve on higher revenue and better margins
Plug Power posted Q2 net revenue of $178.3 million , up about 9% sequentially , as gross margin swung to about break-even from (13%) in Q1.
GAAP net loss attributable to shareholders narrowed to $188.2 million , or $(0.14) per share , from $(0.20) a year earlier.
Operating expenses fell about 50% year over year to $62.4 million , while unrestricted cash ended at $161.9 million and net cash usage improved to about $61 million . 2026-08-10
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