Eos Energy Enterprises, Inc. Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Eos Energy Enterprises Q2 2026 Earnings Summary

Revenue & Guidance: Q2 2026 revenue reached a record $68.8 million, up 351% year-over-year and 21% sequentially from Q1 2026. H1 2026 revenue totaled just under $126 million, already exceeding full-year 2025 revenue. Full-year 2026 guidance was tightened to $300–$350 million (low end ~2.5x 2025 revenue and >19x 2024 revenue). H2 2026 is expected to exceed H1, with Q4 higher than Q3. The reduction from prior guidance reflects accelerated consolidation of manufacturing into the Thorn Hill facility (Line 1 downtime during move/upgrade), a strategic move to enable stronger 2027 volume growth and margin expansion rather than an operational shortfall.

Operational Highlights

  • Record backlog of $807 million; pipeline grew 31% YoY to $24.6 billion (~112 GWh), with 51% in 8+ hour duration and 32% data center-related.
  • Record cube shipments; Turtle Creek production up 20% sequentially to an annualized run rate of ~1.5 GWh in June, with labor costs essentially flat.
  • Material costs per cube improved 10% sequentially (1% ex-tariff timing); direct labor cost per cube down 20% sequentially.
  • Manufacturing overhead per cube improved 4% sequentially (16% at Turtle Creek standalone).
Professional feature The full AI summary covers key highlights, financial performance and analyst Q&A.
Operator: Good morning, and welcome to Eos Energy Enterprises Second Quarter 2026 Conference Call. As a reminder, today's call is being recorded, and your participation implies consent to such recording. [Operator Instructions] With that, I would like to turn the call over to Liz Higley, Head of Investor Relations. Thank you. You may begin. Elizabeth Higley: Good morning, and welcome to Eos's Second Quarter 2026 Conference Call. Today, I'm joined by Eos's CEO, Joe Mastrangelo; COO, John Mahaz and CFO, Alessandro Lagi. Today's call may include forward-looking statements, including our expectations regarding future results and the outlook for our company. These statements are based on our current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. For more information on these risks and uncertainties, please refer to our SEC filings. These forward-looking statements speak only as of today, and we undertake no obligation to update them, except as required by law. Today's remarks will also include references to non-GAAP financial measures. A reconciliation of these measures to the most directly comparable U.S. GAAP measure is included in our earnings release. Non-GAAP measures should be considered supplemental to and not a substitute for financial information prepared in accordance with GAAP. In addition, these measures may not be comparable to similarly titled measures used by other companies. This confere
Professional feature The full transcript includes every speaker turn.