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Get filing alertsFuelCell Energy Q3 revenue falls 29% to $33M, but signs first data center power deal
Filed September 2, 2026 · Period ending September 2, 2026 · ~1 min read
Key Changes
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Q3 FY2026 revenue fell 29% year-over-year to $33.0 million, driven by fewer module deliveries in Korea and lower generation output.
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Net loss attributable to common stockholders narrowed 51% to $45.3 million, helped by absence of prior-year impairment and restructuring charges.
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Signed first Capacity Reservation Agreement with a major data center operator for a planned 75 MW project in Texas, including an upfront reservation payment.
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Entered capital equipment purchase agreement with Fit Energy for up to 380 MW across four phases; initial 30 MW deliveries expected in Q4 FY2026.
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Total cash of $737.3 million as of July 31, 2026; manufacturing expansion fully funded with total expected cost of $200–$275 million.
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Summary
FuelCell Energy reported a 29% decline in third-quarter revenue to $33.0 million, reflecting fewer module deliveries in Korea and lower generation output. Net loss narrowed to $45.3 million from $91.9 million a year earlier, largely because the prior-year quarter included significant impairment and restructuring charges.
The company also disclosed its first data center power agreement—a Capacity Reservation Agreement for a planned 75 MW project in Texas—and a separate capital equipment purchase agreement with Fit Energy for up to 380 MW across four phases, with initial deliveries expected in the fourth quarter.
For retail holders, the key developments are the narrowing loss and the entry into the data center market, which the company frames as a growth opportunity. The company ended the quarter with $737.3 million in total cash and says its manufacturing expansion is fully funded. However, the revenue decline and continued operating losses remain important context. The filing does not disclose financial terms of the new agreements, so the near-term revenue impact is uncertain.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
FuelCell Energy issued a press release with Q3 FY2026 financial results and a business update.
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On September 2, 2026, FuelCell Energy, Inc. (the “Company”) issued a press release announcing its financial results and providing a business update as of and for the three and nine months ended July 31, 2026.
The company furnished a press release covering its third quarter and first nine months of fiscal 2026. The release is attached as Exhibit 99.1 and incorporated by reference. Specific financial figures are not included in the 8-K body itself.
Event · Item 7.01 — Regulation FD Disclosure
FuelCell Energy furnished investor presentation slides for its September 2, 2026 earnings call under Regulation FD.
Show 1 minor / wording change
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A copy of the investor presentation slides that will be used by the Company during its September 2, 2026 earnings call is furnished with this report as Exhibit 99.2.
The company furnished investor presentation slides as Exhibit 99.2 for use during its earnings call on September 2, 2026. The filing is a routine Regulation FD disclosure and does not itself contain financial results or other material business developments.
Event · Exhibit 99.1
FuelCell Energy reports Q3 FY2026 results: revenue down 29%, net loss narrows, and a major data center power agreement is signed.
Added in current filing · view on EDGAR →
Net loss attributable to common stockholders (45,267) | (92,456) | (51%)
Net loss attributable to common stockholders narrowed 51% to $45.3 million, primarily because the prior-year quarter included $64.5 million of impairment and $4.1 million of restructuring expenses that did not recur.
Added in current filing · view on EDGAR →
Net loss per share attributable to common stockholders $ (0.64) | $ (3.78)
Net loss per share improved to $(0.64) from $(3.78), helped by a higher weighted average share count after equity issuances since July 2025.
Event · Exhibit 99.2
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Total revenue $33.0 $46.7 | Loss from Operations $(46.7) $(95.4) | Net loss $(45.3) $(91.9) Net loss attributable to common stockholders $(45.3) $(92.5) Net loss per share attributable to common stockholders $(0.64) $(3.78) Adjusted EBITDA 1 $(36.7) $(16.4) Adjusted net loss per share attributable to common stockholders 1 $(0.64) $(0.95)
The company reported Q3 FY2026 revenue of $33.0 million, down from $46.7 million in the prior-year quarter. Net loss narrowed to $45.3 million from $91.9 million, and net loss per share improved to $(0.64) from $(3.78). Adjusted EBITDA was $(36.7) million versus $(16.4) million a year earlier.
Added in current filing · view on EDGAR →
$737.3M in total cash (including restricted cash and equivalents) as of July 31, 2026
FuelCell Energy held $737.3 million in total cash, including restricted cash and equivalents, as of July 31, 2026. The company states this supports ongoing operations and its AI-focused growth strategy, and that its manufacturing expansion plan is fully funded.
Added in current filing · view on EDGAR →
Backlog: Increased to $1.3B of Committed Backlog and $2.4B of Awarded Capacity Backlog resulting in $3.6B of total Committed and Awarded Capacity Backlog as of July 31, 2026.
Total committed and awarded capacity backlog reached $3.6 billion as of July 31, 2026, up from $1.24 billion committed backlog in the prior year. The company notes that awarded capacity backlog is not contracted backlog or a guarantee of future revenue.
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First Data Center Order: Up to 380 MW under the Fit Energy agreement; deposit received for 30 MW initial order.
The company announced its first data center order under the Fit Energy agreement for up to 380 MW across four phases, with a deposit received for the initial 30 MW phase. The agreement includes warrants for up to 12 million shares at $26.44 per share, none currently vested or exercisable.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 3, 2026 · How we verify