Overview
- Shares climbed 39.90% to close at $18.97 as traders focused on new master supply agreements with two hyperscalers and a swelling order book.
- An after-hours spike of about 27% followed the earnings release, which shifted attention from the quarter’s shortfall to future demand signals.
- Fiscal Q2 revenue came in at $464.89 million, missing estimates by roughly 25%, while the attributable net loss narrowed 32.5% to $20.9 million.
- Backlog reached a record $5.6 billion with about $2.0 billion in year-to-date orders, and the energy storage pipeline expanded to 41.3 GW and 147.0 GWh.
- The company reported master supply deals with two large data center operators, reaffirmed full-year revenue guidance of $3.2–$3.6 billion, and noted substantial completion of its first Smartstack unit plus access to U.S. domestic content.