Plug Power (PLUG) Stock Surges 8% on Q2 Earnings Beat and Higher Guidance
TLDR
- Plug Power reported Q2 revenue of $178.3 million, beating the $168.76 million consensus estimate
- Adjusted EPS came in at -$0.07, topping the -$0.08 analyst forecast
- Full-year 2026 revenue growth guidance raised to 15%-16%
- Gross margin improved to approximately breakeven from -31% a year ago
- PLUG stock jumped 8% immediately after results were released
Plug Power stock jumped 8% after the company reported Q2 2026 results that beat Wall Street expectations on both the top and bottom lines.
Revenue came in at $178.3 million, ahead of the $168.76 million analyst consensus. That marks a 2.5% increase from $174 million in the same period last year.
Adjusted EPS was a loss of -$0.07, slightly better than the -$0.08 forecast. GAAP EPS was -$0.14, compared to -$0.20 a year ago.
$PLUG (Plug Power) #earnings are out: pic.twitter.com/EoUrvIRky6
- The Earnings Correspondent (@earnings_guy) August 10, 2026
The stock rose more than 7% in premarket trading on Tuesday before extending those gains when markets opened.
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