# Fuelcell Energy (FCEL) — Earnings

FCEL · NASDAQ · Stock

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

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q3 2026 |
| Period end | Jul 31, 2026 |
| EPS actual | −$0.64 |
| EPS estimate | −$0.41 |
| EPS surprise | −55.23% |
| Revenue surprise | −14.90% |
| Revenue | $33.0M |
| Revenue estimate | $38.8M |
| Reported | Sep 2, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/886128/000110465926104501/fcel-20260731x10q.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/6675e28a-cb46-181d-984e-25dba3055b29.html) |

FuelCell Energy reported fiscal Q3 2026 results on September 2, 2026. It posted a loss of $0.64 per share, wider than the $0.41 loss expected, a 55.23% miss. Revenue was $33.0 million, below the $38.8 million estimate. Compared with fiscal Q3 2025, the loss narrowed from $3.78 per share, while revenue fell 29.3% from $46.7 million.

Every quarter in the table is a loss. The annual loss per share was $11.40 in fiscal 2022, $8.10 in 2023, $7.91 in 2024 and $7.84 in 2025. The first three quarters of fiscal 2026 lost $2.58 per share, against $6.99 a year earlier. The $3.78 loss in Q3 2025 is the largest in the table, and the $0.49 loss in Q1 2026 the smallest. Revenue has swung widely, from $13.9 million in Q4 2021 to a high of $55.0 million in Q4 2025. Over the last 20 quarters, FuelCell Energy beat EPS estimates 9 times and missed 11 times.

FuelCell Energy reported fiscal Q4 between December 18 and December 29 in each of the past five years, which points to the second half of December 2026. The report will complete fiscal 2026 and show the full-year loss against $7.84 per share in 2025.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q3 2026 | Sep 2, 2026 | −$0.41 | −$0.64 | -55.23% | $38.8M | $33.0M |
| Q2 2026 | Jun 8, 2026 | −$0.52 | −$1.45 | -179.06% | $40.5M | $35.6M |
| Q1 2026 | Mar 9, 2026 | −$0.66 | −$0.49 | 25.76% | $42.2M | $30.5M |
| Q4 2025 | Dec 18, 2025 | −$1.07 | −$0.85 | 20.29% | $47.2M | $55.0M |
| Q3 2025 | Sep 9, 2025 | −$1.44 | −$3.78 | -162.10% | $48.3M | $46.7M |
| Q2 2025 | Jun 6, 2025 | −$1.43 | −$1.79 | -24.90% | $32.4M | $37.4M |
| Q1 2025 | Mar 11, 2025 | −$1.48 | −$1.42 | 3.94% | $33.5M | $19.0M |
| Q4 2024 | Dec 19, 2024 | −$1.73 | −$2.21 | -27.60% | $39.6M | $49.3M |
| Q3 2024 | Sep 5, 2024 | −$2.18 | −$2.10 | 3.89% | $22.6M | $23.7M |
| Q2 2024 | Jun 10, 2024 | −$2.28 | −$2.10 | 7.81% | $21.3M | $22.4M |
| Q1 2024 | Mar 7, 2024 | −$2.29 | −$1.50 | 34.45% | $25.7M | $16.7M |
| Q4 2023 | Dec 19, 2023 | −$2.49 | −$2.10 | 15.64% | $25.0M | $22.5M |
| Q3 2023 | Sep 11, 2023 | −$2.31 | −$1.80 | 22.12% | $27.7M | $25.5M |
| Q2 2023 | Jun 8, 2023 | −$2.29 | −$2.70 | -17.79% | $25.5M | $38.3M |
| Q1 2023 | Mar 9, 2023 | −$2.10 | −$1.50 | 28.73% | $26.8M | $37.1M |
| Q4 2022 | Dec 20, 2022 | −$1.94 | −$3.30 | -70.31% | $45.8M | $39.2M |
| Q3 2022 | Sep 8, 2022 | −$1.71 | −$2.40 | -40.15% | $35.8M | $43.1M |
| Q2 2022 | Jun 9, 2022 | −$1.63 | −$2.40 | -46.94% | $32.6M | $16.4M |
| Q1 2022 | Mar 10, 2022 | −$1.50 | −$3.30 | -120.00% | $26.3M | $31.8M |
| Q4 2021 | Dec 29, 2021 | −$0.86 | −$2.10 | -143.48% | $21.8M | $13.9M |

## Frequently Asked Questions

### When did Fuelcell Energy (FCEL) last report earnings?

Fuelcell Energy last reported on Sep 2, 2026, covering fiscal Q3 2026.

### Did FCEL beat earnings estimates?

No. Fuelcell Energy reported EPS of −$0.64 for Q3 2026 against a −$0.41 estimate — a 55.23% miss.

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

Fuelcell Energy reported $33.0M in revenue for Q3 2026, against a consensus estimate of $38.8M.

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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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