Eos Energy Enterprises Announces Preliminary Third Quarter 2026 Revenue Growth and Continued Gross Margin Improvement and Sets Conference Call Date
Eos Energy pre-announced preliminary Q3 2026 revenue of $82-83 million, up roughly 169-172% year-over-year and 19-21% sequentially, with shipments up 23% quarter-over-quarter on the Line 2 ramp at Thorn Hill. GAAP gross margin improved to (55)% to (53)%, a 16-18 point sequential gain and the eighth consecutive quarter of improvement, though margins remain deeply negative. Backlog stands at roughly $765 million (3.2 GWh) and quarter-end cash was approximately $344 million, supported by $114 million of operating inflows and an $87 million DOE loan advance. The company steered full-year 2026 revenue to the lower half of its $300-350 million range, a subtle softening despite the strong quarter.
Key figures
- Revenue
- $82 to $83 million
- Guidance
- FY2026 revenue in the lower half of the $300 million to $350 million range
- Revenue Yoy
- 169% to 172%
- Capex
- $35 million
- Backlog
- $765 million
- Backlog gwh
- 3.2 GWh
- Doe loan advance
- $87 million
- Gaap gross margin
- (55)% to (53)%
- Shipments qoq growth
- 23%
- Line2 production share
- 17%
- Operating cash inflows
- $114 million
- Cash and restricted cash
- $344 million
- Revenue sequential growth
- 19% to 21%
- Gross margin improvement qoq
- 16 to 18 percentage points
- Thorn hill nameplate capacity
- 4 GWh annual
AI analysis
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