Eos Energy Enterprises reported preliminary third quarter 2026 results, achieving record revenue and its eighth consecutive quarter of gross margin improvement. The performance was driven by a 23% sequential increase in shipments and the successful production ramp-up of the second manufacturing line at its Thorn Hill facility.
Key Highlights
- Preliminary revenue reached $82 million to $83 million, representing approximately 170% year-over-year growth at the midpoint.
- GAAP gross margin loss narrowed to between 53% and 55%, an improvement of roughly 17 percentage points compared to the second quarter of 2026.
- Total backlog was approximately $765 million (3.2 GWh) at quarter-end, supported by $100 million in new orders under existing capacity agreements.
- Ending cash balance of $344 million was bolstered by $114 million in operating cash inflows and an $87 million advance from the DOE loan facility.