Earnings ·
Plug Power Inc. reported second quarter 2026 financial results, announcing net revenue of approximately $178 million…
PLUGPlug Power Inc
Plug Power Inc. reported second quarter 2026 financial results, announcing net revenue of approximately $178 million, representing sequential growth of roughly 9%. Gross margin improved to breakeven from negative levels in prior periods, while operating expenses declined approximately 50% year over year to $62 million. Net cash usage decreased by about 58% sequentially to $61 million, with unrestricted cash standing at $162 million at quarter end. The company raised its full-year 2026 revenue growth guidance to a range of 15% to 16% and targets positive EBITDAS in the fourth quarter of 2026. Additionally, Plug Power announced asset monetization transactions expected to generate $80 million in near-term liquidity. The company operates in the hydrogen energy industry, designing and building integrated ecosystems for production, storage, delivery, and power generation.