# Ballard Power Systems (BLDP) — Earnings

BLDP · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/bldp/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | −$0.07 |
| EPS estimate | −$0.04 |
| EPS surprise | −55.98% |
| Revenue surprise | −17.68% |
| Revenue | $20.3M |
| Revenue estimate | $24.7M |
| Reported | Jul 31, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1453015/000127956926000723/ballard6k.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/35fc0c58-83d1-a9fe-132c-4514c80404ff.html) |

Ballard Power Systems reported Q2 2026 results on July 31, 2026. The company posted a loss of $0.07 per share, wider than the $0.04 loss expected, a miss of 55.98%. Revenue was $20.3 million, about 18% below the $24.7 million estimate. Compared with Q2 2025, the loss per share narrowed slightly from $0.08 and revenue rose about 13% from $18.0 million.

Ballard has reported a loss in every quarter in the table, which runs from Q2 2021 and has no row for Q4 2022. Annual losses were $0.59 per share in 2023, $1.11 in 2024 and $0.30 in 2025. The 2024 figure includes Q3 2024's loss of $0.70, the largest in the table. Revenue is small and uneven, ranging from $13.1 million to $47.6 million per quarter. Annual revenue was $104.1 million in 2023, $70.4 million in 2024 and $98.8 million in 2025. It topped the EPS estimate in eight of 20 quarters, three of them among the last four.

Q3 results have come out between November 5 and November 13 in each of the past five years. That points to early-to-mid November 2026 for the next report. It will show whether losses keep narrowing after Q2's miss.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 31, 2026 | −$0.04 | −$0.07 | -55.98% | $24.7M | $20.3M |
| Q1 2026 | May 5, 2026 | −$0.06 | −$0.04 | 28.86% | $19.9M | $19.0M |
| Q4 2025 | Mar 12, 2026 | −$0.08 | −$0.06 | 22.73% | $33.7M | $33.3M |
| Q3 2025 | Nov 13, 2025 | −$0.11 | −$0.09 | 18.69% | $24.8M | $32.7M |
| Q2 2025 | Aug 11, 2025 | −$0.09 | −$0.08 | 12.53% | $18.4M | $18.0M |
| Q1 2025 | May 6, 2025 | −$0.10 | −$0.07 | 31.88% | $17.1M | $14.8M |
| Q4 2024 | Mar 13, 2025 | −$0.12 | −$0.16 | -30.16% | $27.7M | $24.5M |
| Q3 2024 | Nov 5, 2024 | −$0.13 | −$0.70 | -441.79% | $24.6M | $15.2M |
| Q2 2024 | Aug 12, 2024 | −$0.13 | −$0.11 | 16.30% | $19.5M | $16.1M |
| Q1 2024 | May 7, 2024 | −$0.14 | −$0.14 | -0.28% | $17.3M | $14.6M |
| Q4 2023 | Mar 11, 2024 | −$0.13 | −$0.17 | -32.06% | $34.7M | $47.6M |
| Q3 2023 | Nov 7, 2023 | −$0.13 | −$0.21 | -64.73% | $26.3M | $27.9M |
| Q2 2023 | Aug 9, 2023 | −$0.13 | −$0.10 | 21.84% | $15.9M | $15.5M |
| Q1 2023 | May 10, 2023 | −$0.13 | −$0.11 | 14.88% | $18.9M | $13.1M |
| Q3 2022 | Nov 7, 2022 | −$0.13 | −$0.14 | -3.02% | $22.9M | $20.8M |
| Q2 2022 | Aug 10, 2022 | −$0.12 | −$0.19 | -53.51% | $24.8M | $20.7M |
| Q1 2022 | May 9, 2022 | −$0.11 | −$0.15 | -35.70% | $25.1M | $21.8M |
| Q4 2021 | Mar 14, 2022 | −$0.08 | −$0.15 | -86.35% | $29.4M | $37.1M |
| Q3 2021 | Nov 9, 2021 | −$0.06 | −$0.10 | -58.90% | $25.5M | $24.7M |
| Q2 2021 | Aug 6, 2021 | −$0.05 | −$0.07 | -45.70% | $21.3M | $25.4M |

## Frequently Asked Questions

### When did Ballard Power Systems (BLDP) last report earnings?

Ballard Power Systems last reported on Jul 31, 2026, covering fiscal Q2 2026.

### Did BLDP beat earnings estimates?

No. Ballard Power Systems reported EPS of −$0.07 for Q2 2026 against a −$0.04 estimate — a 55.98% miss.

### How much revenue did BLDP report last quarter?

Ballard Power Systems reported $20.3M in revenue for Q2 2026, against a consensus estimate of $24.7M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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