Short answer
PLUG POWER INC (PLUG) filed its Q2 2026 10-Q quarterly report on Aug 10, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $178M (up 2.5% year over year) with net income of −$188M.
Q2 2026 key financials · XBRL
- Revenue
- $178M
- +2.5% YoY · +9.0% QoQ
- Net income
- −$188M
- +17.1% YoY · +23.3% QoQ
- Operating margin
- -36.0%
- EPS (diluted)
- −$0.13
- +35.0% YoY · +27.8% QoQ
Source: XBRL data from the PLUG POWER INC (PLUG) Q2 2026 10-Q on SEC EDGAR. USD.
PLUG POWER INC Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $178.3M, up $4.3M or 2.5% YoY from $174.0M
- Gross margin (0.9%) vs (30.7%) YoY
- Best line services revenue $29.8M, up 82.3%; gross margin 27.2% vs 38.9%
- Worst line fuel revenue $39.5M, gross margin (48.2%) vs (90.8%)
- Headwinds: electrolyzer deployment timing, supply-chain constraints, input-cost volatility, capital needs and negative cash flows
Risk Factors
- Newly added risk: DOE terminated $1.66 billion loan guarantee on August 4, 2026, after initial advance missed the longstop date
- Financial reporting volatility: Fair-value losses reached $145.0 million on convertible notes and $83.9 million on warrants
- Dilution risk: Conversion of notes or exercise of warrants could dilute stockholders
- Regulatory trade risk: Future tariff actions could increase supply-chain costs or disrupt imports after $14.7 million refunds recognized
- Financing risk: No amounts drawn under the terminated DOE facility, limiting near-term liquidity impact
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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