Earnings ·
Energy Vault Holdings, Inc. reported second quarter 2026 financial results on August 11, 2026, announcing revenue of…
NRGVEnergy Vault Holdings, Inc.
Energy Vault Holdings, Inc. reported second quarter 2026 financial results on August 11, 2026, announcing revenue of $17.4 million, a 104% year-over-year increase driven by battery energy storage systems projects in Australia. The company raised its full-year 2026 revenue guidance to $270-310 million and lifted GAAP gross margin guidance to the high end of the previous 20-25% range. Contract backlog expanded sequentially by $650 million to approximately $2 billion, with ~40% expected to convert to revenue within 12-18 months. The company executed a contract for 1.25 GW of integrated power infrastructure for an AI data center in Texas, expected to generate $500-600 million in near-term revenue. Cash and cash equivalents grew 26% quarter-over-quarter to $148 million.