Eos Energy expects $83 million Q3 revenue
- Eos Energy Enterprises expects preliminary Q3 2026 revenue of US$82–US$83 million, representing 19%–21% sequential growth and 169%–172% year-over-year growth.
- Expected GAAP gross margin improved to negative 55%–53%, while total cash, including restricted cash, declined to approximately US$344 million.
- Eos expects full-year revenue in the lower half of its US$300–US$350 million guidance range and plans to introduce 24-hour operations at Thorn Hill in Q4 2026.
Eos Energy Enterprises (NASDAQ:EOSE) expects preliminary third-quarter 2026 revenue of US$82–US$83 million, representing 169%–172% growth from the prior year.
Revenue increased an estimated 19%–21% sequentially, while the expected GAAP gross margin improved by 16–18 percentage points to negative 55%–53%.
The improvement follows second-quarter revenue of approximately US$69 million and continued manufacturing expansion, although the company's gross margin remains negative.
Total cash, including restricted cash, declined to approximately US$344 million from US$364 million, while backlog reached US$765 million, representing approximately 3.2 GWh.
Eos forecasts 2026 revenue in the lower half of its US$300–US$350 million range, supported by planned 24-hour operations at Thorn Hill.
The company expects its consolidated Thorn Hill manufacturing facility to support approximately 4 GWh in annual nameplate production capacity after reaching full-scale operations.
Eos began commercial production on its second battery line in June, announced manufacturing consolidation in August and received an $87 million federal loan advance in September.
