# Plug Power (PLUG) — Earnings

PLUG · NASDAQ · Stock

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

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | −$0.14 |
| EPS estimate | −$0.08 |
| EPS surprise | −79.95% |
| Revenue surprise | +5.43% |
| Revenue | $178.3M |
| Revenue estimate | $169.1M |
| Reported | Aug 10, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1093691/000110465926093454/plug-20260630x10q.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/3bafd508-a737-89bf-3d1a-589de4f0c021.html) |

Plug Power reported Q2 2026 results on August 10, 2026. It posted a loss of $0.14 per share, wider than the expected $0.08 loss, a 79.95% miss. Revenue was $178.3 million, 5.43% above the $169.1 million consensus. Compared with Q2 2025, the loss narrowed from $0.20 per share and revenue rose about 2% from $174.0 million.

Plug Power lost money in all 20 quarters in the table and missed the EPS estimate in every one of them. Annual losses per share widened from $1.25 in 2022 to $2.30 in 2023 and $2.55 in 2024, then narrowed to $1.35 in 2025. The fourth quarter brought the largest loss of each full year, peaking at $1.48 per share in Q4 2024. Annual revenue was $891.4 million in 2023, $628.8 million in 2024 and $710.0 million in 2025. The first half of 2026 shows a loss of $0.32 per share, against $0.41 a year earlier.

Third-quarter results came out between November 8 and November 12 in each of the past five years. That points to early or mid November 2026 for the Q3 report. It will show how the loss compares with the $0.31 per share of Q3 2025.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 10, 2026 | −$0.08 | −$0.14 | -79.95% | $169.1M | $178.3M |
| Q1 2026 | May 11, 2026 | −$0.10 | −$0.18 | -84.43% | $139.9M | $163.5M |
| Q4 2025 | Mar 2, 2026 | −$0.10 | −$0.63 | -504.61% | $217.4M | $225.2M |
| Q3 2025 | Nov 10, 2025 | −$0.12 | −$0.31 | -149.60% | $176.3M | $177.1M |
| Q2 2025 | Aug 11, 2025 | −$0.15 | −$0.20 | -29.70% | $158.0M | $174.0M |
| Q1 2025 | May 12, 2025 | −$0.19 | −$0.21 | -10.12% | $132.2M | $133.7M |
| Q4 2024 | Mar 3, 2025 | −$0.23 | −$1.48 | -545.72% | $262.4M | $191.5M |
| Q3 2024 | Nov 12, 2024 | −$0.24 | −$0.25 | -2.97% | $207.2M | $173.7M |
| Q2 2024 | Aug 8, 2024 | −$0.31 | −$0.36 | -16.81% | $184.5M | $143.3M |
| Q1 2024 | May 9, 2024 | −$0.33 | −$0.46 | -40.16% | $157.3M | $120.3M |
| Q4 2023 | Feb 29, 2024 | −$0.37 | −$1.08 | -193.72% | $235.2M | $222.2M |
| Q3 2023 | Nov 9, 2023 | −$0.31 | −$0.47 | -53.95% | $219.6M | $198.7M |
| Q2 2023 | Aug 9, 2023 | −$0.27 | −$0.40 | -50.21% | $237.7M | $260.2M |
| Q1 2023 | May 9, 2023 | −$0.27 | −$0.35 | -31.83% | $205.5M | $210.3M |
| Q4 2022 | Mar 1, 2023 | −$0.25 | −$0.38 | -53.47% | $281.2M | $220.7M |
| Q3 2022 | Nov 8, 2022 | −$0.24 | −$0.30 | -25.26% | $243.1M | $188.6M |
| Q2 2022 | Aug 9, 2022 | −$0.21 | −$0.30 | -45.28% | $159.0M | $151.3M |
| Q1 2022 | May 9, 2022 | −$0.16 | −$0.27 | -72.97% | $144.8M | $140.8M |
| Q4 2021 | Mar 1, 2022 | −$0.11 | −$0.33 | -187.71% | $157.7M | $161.9M |
| Q3 2021 | Nov 9, 2021 | −$0.08 | −$0.19 | -130.58% | $144.8M | $143.9M |

## Frequently Asked Questions

### When did Plug Power (PLUG) last report earnings?

Plug Power last reported on Aug 10, 2026, covering fiscal Q2 2026.

### Did PLUG beat earnings estimates?

No. Plug Power reported EPS of −$0.14 for Q2 2026 against a −$0.08 estimate — a 79.95% miss.

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

Plug Power reported $178.3M in revenue for Q2 2026, against a consensus estimate of $169.1M.

## Similar Stocks

- [BE](https://www.lighthorse.io/tickers/be) — Bloom Energy Corporation Class A Common Stock
- [FCEL](https://www.lighthorse.io/tickers/fcel) — FuelCell Energy, Inc. - Common Stock
- [WMT](https://www.lighthorse.io/tickers/wmt) — Walmart Inc. - Common Stock
- [AMZN](https://www.lighthorse.io/tickers/amzn) — Amazon.com, Inc. - Common Stock
- [BLDP](https://www.lighthorse.io/tickers/bldp) — Ballard Power Systems, Inc. - Common Shares
- [TSLA](https://www.lighthorse.io/tickers/tsla) — Tesla, Inc.  - Common Stock
- [CHPT](https://www.lighthorse.io/tickers/chpt) — ChargePoint Holdings, Inc. Common Stock

---

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

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).