Eos Energy Enterprises Announces Preliminary Third Quarter 2026 Revenue Growth and Continued Gross Margin Improvement and Sets Conference Call Date
Key Highlights
- ➤Q3 revenue expected at $82-$83 million, up approximately 169%-172% year over year
- ➤GAAP gross margin expected at (55)% to (53)%, improving 16-18 points sequentially
- ➤Full-year 2026 revenue expected in lower half of $300-$350 million range
- ➤Quarter-end backlog approximately $765 million, representing approximately 3.2 GWh
- ➤Total cash including restricted cash approximately $344 million, down from $364 million
Expert Statements
Alessandro Lagi, Chief Financial Officer of Eos Energy Enterprises
“We delivered our highest revenue to date and improved gross margin by roughly 17 points as volume begins to ramp at Thorn Hill,”
Alessandro Lagi, Chief Financial Officer of Eos Energy Enterprises
“Consolidating into Thorn Hill is the right decision for the Company. It gives us one modern, higher throughput site, lowers our cost per unit, and puts us on a clear path to positive margins.”
Alessandro Lagi, Chief Financial Officer of Eos Energy Enterprises
“We’re being disciplined about the transition in the fourth quarter and customer demand for American-made long-duration storage remains strong.”
PITTSBURGH, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (link) (“Eos” or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long-duration energy storage (LDES) systems sourced and manufactured in the United States, today announced preliminary financial results for the third quarter ended September 30, 2026.
Based on preliminary financial information, Eos currently expects: * Revenue of $82 to $83 million, representing approximately 19% to 21% sequential growth and approximately 169% to 172% year-over-year growth. Shipments increased approximately 23% quarter over quarter, supported by continued production scaling at the Company's second manufacturing line at its Thorn Hill facility. During the quarter, Line 2 contributed approximately 17% of total battery production and exited the quarter with first-pass yield aligned to Line 1 performance. The line continued to operate on a partial-shift schedule at Thorn Hill as the Company progressed the hiring, onboarding, and training of additional employees to support production growth and full-shift operations.
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