Plug Power Reports Third-Quarter Earnings Nov. 9
The hydrogen fuel cell maker reports results after market close as analysts expect a narrower loss and revenue near $199 million.
Updated on Nov. 9, 2026 in Public Companies
Plug Power reports third-quarter 2026 earnings after market close on November 9, 2026. Analysts estimate a loss of 6 cents per share and revenue of $198.87 million, compared with an adjusted loss of 7 cents per share and revenue of about $178 million in the prior quarter.
Why it matters
The report will show whether Plug Power is advancing toward its stated goal of positive adjusted EBITDAS by the fourth quarter of 2026. Investors will also be watching cash burn, which was about $28 million in the third quarter after roughly $61 million in the second quarter.
Analysts expect a third-quarter loss of 6 cents per share on revenue of $198.87 million, versus a 7-cent adjusted loss and roughly $178 million in revenue last quarter. Plug Power's actual results, due November 9, have not yet been reported.
The players
Plug Power
Plug Power is a publicly traded company that develops hydrogen fuel cell and electrolyzer systems for industrial and material-handling customers.
The details
Plug Power raised its full-year 2026 revenue growth guidance to 15% to 16% in August and issued an October 15 update on third-quarter revenue and cash burn. Gross margin was near break-even in the second quarter, helped by a $15.7 million release of loss-contract provisions, and the company expects third-quarter revenue growth of more than 10% from a year earlier.
Timeline
August 2026: Plug Power raised its full-year 2026 revenue growth guidance.
October 15, 2026: Plug Power issued an update on third-quarter revenue and cash burn.
November 9, 2026: Plug Power reports third-quarter 2026 earnings after market close.
November 19, 2026: Plug Power holds its annual Symposium.
Market Landscape
Plug Power's third-quarter report comes as the company works toward its goal of positive adjusted EBITDAS by the fourth quarter of 2026. The results will show whether the hydrogen fuel cell maker can narrow losses while growing revenue at the 15% to 16% pace it raised in August.
Investors holding Plug Power shares, which traded at $1.48 at publication after a 2.07% gain, will get the company's first look at its third-quarter results on November 9. Those tracking the stock should compare reported revenue and cash usage against the estimates of $198.87 million and about $28 million.
The takeaway
Plug Power's November 9 report is a checkpoint for its stated goal of positive adjusted EBITDAS by the fourth quarter of 2026. Readers should weigh revenue growth against cash burn, since both will signal whether the company is closing the gap.
What happens next
Plug Power's annual Symposium is scheduled for November 19, 2026, where management may provide further updates on its profitability goal.
Further reading
For more on how publicly traded companies report results and guide investors, explore our Public Companies section.
