Ormat Q2 FY26 net income falls 3.4% to $27.1 million; revenue rises 10.6% to $258.8 million

Reuters2026/08/05 20:24

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Ormat posted Q2 2026 revenue of USD 258.8 million, up 10.6% year over year; GAAP diluted EPS slipped 6.5% to USD 0.43.
GAAP gross profit climbed 20.8% to USD 68.7 million; operating income edged down 3.2% to USD 34.2 million.
Energy Storage revenue more than doubled to USD 42.8 million, while Product revenue fell 21.6% to USD 46.7 million.
GAAP net income attributable to stockholders eased 3.4% to USD 27.1 million, pressured by a USD 6.6 million write-off of storage projects.
Ormat raised full-year revenue guidance to USD 1.15 billion-USD 1.2 billion, lifting adjusted EBITDA guidance to USD 630 million-USD 650 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ormat Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608051605PRIMZONEFULLFEED9804552) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Ormat Q2 FY26 net income falls 3.4% to $27.1 million; revenue rises 10.6% to $258.8 million

You may also like

Crypto prices