Plug Power Reports Third-Quarter Revenue of About $201 Million
Plug Power reported third-quarter revenue of approximately $201 million, above FactSet consensus of $198.4 million. It cited improved year-over-year gross margins and quarterly net cash usage of approximately $28 million. The company reaffirmed 2026 revenue growth guidance of 15% to 16% and its target for positive EBITDAS in the fourth quarter.
Plug Power Inc. announced its financial results for the third quarter of 2026, reporting revenue of approximately $201 million, which surpassed the FactSet consensus estimate of $198.4 million. The company highlighted significant year-over-year improvement in gross margins and a record-low quarterly net cash usage of approximately $28 million. Management reaffirmed its 2026 revenue growth guidance of 15% to 16% and maintained its target of achieving positive EBITDAS in the fourth quarter of 2026.
The results reflect ongoing progress in the company's core business priorities, including sales growth, margin enhancement, and improved cash flow management across its material handling, electrolyzer, and hydrogen supply segments.