ERock Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $152.8 million, nearly 4x quarter-over-quarter
- ➤Q3 net income $8.9 million and Adjusted EBITDA $12.6 million
- ➤2026 guidance reaffirmed: revenue $435 million-$465 million, Adjusted EBITDA $3 million-$9 million
- ➤Post-quarter bookings exceed $300 million, lifting contracted backlog to approximately $1.6 billion
- ➤Atlas expansion adds 900 MW annually, targeting 2.1 GW annual capacity in 2028
Expert Statements
John Carrington, Chief Executive Officer of ERock
“We executed well in the third quarter, with record production and deliveries that drove record quarterly revenue and profitability”
John Carrington, Chief Executive Officer of ERock
“We began construction at the El Paso Electric facility for Meta, and that project remains on track for completion in mid-2027.”
John Carrington, Chief Executive Officer of ERock
“We are expanding our manufacturing capacity by 900 MW per year with a new facility in Houston (Atlas).”
John Carrington, Chief Executive Officer of ERock
“When complete, our total capacity is expected to reach 2.1 GW per year to serve the strong demand for our product.”
John Carrington, Chief Executive Officer of ERock
“Since the end of the quarter, we added new bookings of more than $300 million, setting a new backlog record and providing revenue and margin visibility into 2028.”
John Carrington, Chief Executive Officer of ERock
“Our differentiated product and service offerings continue to resonate with customers, and we remain focused on disciplined expansion to meet their needs.”
Ian Blakely, Chief Financial Officer of ERock
“The third quarter marked an inflection point with revenue growing nearly 4x quarter-over-quarter, driving our first profitable quarter as a public company.”
Ian Blakely, Chief Financial Officer of ERock
“We reported $8.9 million of net income and $12.6 million of Adjusted EBITDA.”
Ian Blakely, Chief Financial Officer of ERock
“This reflected an improvement of $76.6 million of net income and $26.6 million of Adjusted EBITDA, demonstrating the operating leverage embedded in our business.”
Ian Blakely, Chief Financial Officer of ERock
“We expect continued revenue and profitability growth in the fourth quarter and are reaffirming our 2026 guidance.”
Ian Blakely, Chief Financial Officer of ERock
“Our robust balance sheet and strong liquidity, coupled with our backlog and unique products and services, give us confidence to expand our manufacturing capacity to meet strong customer demand.”
Revenue Increased Nearly 4x Quarter-over-Quarter, Driving Positive Net Income and Adjusted EBITDA
ERock, Inc. (NYSE: EROC) (“ERock” or the “Company”), a leading provider of utility-grade onsite power solutions, today reported financial and operating results for the third quarter ended September 30, 2026, highlighted by strong revenue growth, additional capacity and supply chain visibility, continued commercial and operational success, and reaffirmation of full-year 2026 guidance.
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