Stem Q2 2026 adjusted EBITDA rises to $6 million as software-led mix lifts non-GAAP gross margin to 55% - STEM News | RalliesStem Q2 2026 adjusted EBITDA rises to $6 million as software-led mix lifts non-GAAP gross margin to 55%
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STEM• Guidance reaffirmed
- Revenue: USD 140 million to USD 190 million
- Adjusted EBITDA: USD 10 million to USD 15 million
- Non-GAAP gross margin: 40% to 50%
- Year-end ARR: USD 65 million to USD 70 million
Margin and profitability improve on mix shift
- Non-GAAP gross margin hit a record 55%, driven by a mix shift toward higher-margin software, services and edge hardware, with limited battery resales.
- Adjusted EBITDA rose to USD 6 million from USD 4 million; operating cash flow improved to USD 300,000 from negative USD 8 million sequentially.
Q2 revenue falls as battery hardware resale declines
- In Q2 2026, revenue fell 12% to USD 34 million as battery hardware resale revenue dropped to USD 300,000 from .
USD 5 million
Software, services, edge hardware revenue rose 1% to USD 33 million; PowerTrack software revenue climbed 11% to USD 11 million.CSCO
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