Q1 2026 Fluence Energy Inc Earnings Call Transcript
Key Points
- Fluence Energy Inc (FLNC) reported a record backlog of $5.5 billion, indicating strong demand and a robust pipeline.
- The company reaffirmed its fiscal 2026 guidance, supported by increased revenue visibility and execution confidence.
- Fluence Energy Inc (FLNC) ended the quarter with approximately $1.1 billion in total liquidity, providing a solid foundation for growth.
- The company signed over $750 million in new orders globally during the first quarter, with more than $500 million from the US, showcasing strong market momentum.
- Fluence Energy Inc (FLNC) is seeing expanding applications for its storage solutions, particularly from data centers and large commercial and industrial customers, indicating new growth opportunities.
- Adjusted gross profit margin for the quarter was 5.6%, below the full-year expectation of 11% to 13%, due to additional costs in two specific projects outside the US.
- The company reported a negative adjusted EBITDA of $52 million for the quarter, driven by lower gross margins.
- There are ongoing challenges related to the resolution of the prohibited foreign entity status of AESC's facility, which could impact supply chain dynamics.
- Fluence Energy Inc (FLNC) has not yet converted any of the new data center-related projects into backlog, indicating potential delays in realizing these opportunities.
- The competitive landscape remains intense, with potential new entrants and existing competitors like Tesla indicating margin pressures in the energy storage market.
Good day and thank you for standing by. Welcome to the Fluence Energy first-quarter 2026 earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded. I then the conference over to your first speaker today, Chris Shelton, VP of Investor Relations. Please go ahead.
Good morning and welcome to Fluence Energy's first-quarter 2026 earnings call. Joining me on this morning's call are Julian Nebreda, our President and Chief Executive Officer; and Ahmed Pasha, our Chief Financial Officer. A copy of our earnings presentation, press release, and supplementary metric sheet covering financial results, along with supporting statements and schedules, including reconciliations and disclosures regarding non-GAAP financial measures, are posted on the Investor Relations section of our website at fluenceenergy.com.
During the course of this call, fluence management may make certain forward-looking statements regarding various matters related to our business, including statements
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