Fluence has reported a $1.44 billion order intake for the three months to the end of June 2026, nearly triple the $508 million of orders reported for the same period in 2025.
The battery storage company’s order backlog now stands at $6.4 billion, the highest level in its history, and with an energy storage order pipeline of 45.6 GW/163.7 GWh.
Fluence’s latest financials also show the battery storage supplier secured approximately $850 million of data center business through July, including the company’s first large, behind-the-meter order signed during the third quarter and “approximately $550 million” from an unnamed hyperscaler in July 2026.
Revenue was up on the previous year, with $649.8 million reported for the fiscal quarter ended June 30, 2026, compared to $602.5 million for the same quarter in 2025. The increase was primarily driven by more fulfillments of energy storage solutions, according to Fluence, although the company noted revenue was weaker than expected due to production delays at new contract manufacturing facilities.
Those manufacturing delays have led Fluence to lower its expectations for forecast revenue for the year. Fluence now expects $400 million in project deliveries will be delayed into next year due to production issues at a new international contract manufacturing facility, and construction related delays that affect completion and start-up of a new US contract manufacturing facility.
Fluence expects revenue of approximately $2.9 billion to $3.1 billion with a midpoint of $3.0 billion compared to the prior guidance range of approximately $3.2 billion to $3.6 billion with a midpoint of $3.4 billion.
Julian Nebreda, president and CEO at Fluence, said that customer demand for Fluence products continues to improve, and noted growing power needs of utilities, developers and data centers as a driver of the uplift.
“We have been increasing our production capacity globally to meet this growing demand, and although production has been behind our expectation for this year we have taken steps to achieve targeted production levels early in fiscal 2027.” said Nebreda. “With both record order intake and backlog, and increasing momentum with all of our customer segments including data centers, we remain confident in the long-term opportunity ahead and our positioning to capitalize on it”
Fluence reported net losses for the three and nine months ended June 30, 2026 of approximately $44.3 million and $136.1 million, respectively, compared to net income of approximately $6.9 million and net loss of approximately $92.1 million for the same periods last year.
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