Plug Power posts Q3 2026 earnings, cuts cash burn and reaffirms revenue growth guidance
Plug Power reported third‑quarter 2026 revenue of about $200.6‑$201 million, up roughly 13% year‑over‑year, and GAAP earnings per share of $0.00 to $0.07, beating consensus. Net cash usage fell to approximately $28 million, a 54% reduction from the prior quarter and the lowest level in 2026. The company reaffirmed its full‑year revenue growth target of 15‑16% and said it expects positive EBITDAS in the fourth quarter.
Why it matters
The sharp decline in cash burn improves liquidity and reduces the need for additional financing, which investors monitor closely. Reaffirming the 15‑16% revenue growth range and targeting positive EBITDAS signals continued operational discipline, though analysts remain cautious, as reflected by a price‑target cut from $5.00 to $3.00.
Key facts
- 1Q3 2026 revenue was $200.6 million, up 13.3% YoY. finance.yahoo.com
- 2Another report listed Q3 revenue as $201 million, up 13.5% YoY. seekingalpha.com
- 3GAAP EPS for the quarter was $0.00, beating the consensus estimate of -$0.06. finance.yahoo.com
- 4A transcript noted GAAP EPS of $0.07, up from -$0.31 YoY. finance.yahoo.com
- 5Net cash usage fell to approximately $28 million, a 54% reduction from Q2. finance.yahoo.com
- 6Gross margin improved to -2.7% in Q3. tradingview.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.