$FCEL Q3 2026: Revenue Misses at $33M, Down 29% YoY, Stock Falls 12.8%

FuelCell Energy reported fiscal Q3 2026 revenue of $33.0 million, down 29% year-over-year and below the $41.3 million estimate. Adjusted EPS came in at -$0.64, missing the -$0.41 estimate. Shares fell 12.8% premarket.
- Total committed and awarded capacity backlog: $3.65 billion
- Sales pipeline: approximately 10 GW
- Cash and restricted cash: $737.3 million
- Adjusted EBITDA: -$36.7 million
- Net loss: -$45.3 million
- Gross loss: -$24.5 million
- Product revenue: $18.0 million
- Generation revenue: $8.8 million
- Service revenue: $2.4 million
- Advanced Technologies revenue: $3.8 million