FUELCELL ENERGY INC (FCEL) Earnings History & Surprises

NASDAQ:FCELUS35952H7008

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6.55 USD
+0.14 (+2.18%)
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FCEL Earnings overview

Past quarterly earnings results for FUELCELL ENERGY INC (FCEL), including EPS and revenue actuals, analyst estimates, and surprise percentages. This page focuses on historical performance (not forecasts).

Earnings Snapshot

Next Earnings Date

Upcoming
Release Date
Jun 4, 2026
Period
Q2 / 2026
EPS Estimate
-$0.53
Revenue Estimate
42.505M

Last Reported

Most Recent
Release Date
Mar 9, 2026
Period
Q1 / 2026
EPS Reported
-$0.52
EPS Surprise
22.05%
Revenue Surprise
-29.11%

Beat Rate

Last 8 Quarters
69%
EPS and Revenue beats vs estimates

Quarterly Earnings Historical Results

EPS & Revenue History (in USD): Actual vs estimated values, surprises, q2q growth and acceleration numbers quarterly history.

QuarterEPSEPS EstEPS SurpriseEPS Q2QRevenueRevenue EstRevenue SurpriseRevenue Q2Q
Q1 2026 -0.52 -0.67 22.05% 61.48% 30.531M 43.067M -29.11% 60.71%
Q4 2025 -0.81 -1.06 23.33% 60.29% 55.016M 45.647M 20.52% 11.54%
Q3 2025 -1.15 -1.45 20.53% 45.24% 46.743M 49.264M -5.12% 97.27%
Q2 2025 -1.79 -1.46 -22.46% 14.76% 37.406M 33.061M 13.14% 66.84%
Q1 2025 -1.35 -1.53 11.91% 10.00% 18.997M 33.957M -44.06% 13.82%
Q4 2024 -2.04 -1.79 -14.12% 2.86% 49.326M 40.51M 21.76% 119.60%
Q3 2024 -2.10 -2.20 4.68% -16.67% 23.695M 23.075M 2.69% -7.11%
Q2 2024 -2.10 -2.33 10.00% 22.22% 22.42M 21.778M 2.95% -41.46%
Q1 2024 -1.50 -2.45 38.82% - 16.691M 24.297M -31.30% -54.97%
Q4 2023 -2.10 -2.55 17.75% 36.36% 22.462M 25.677M -12.52% -42.70%
Q3 2023 -1.80 -2.36 23.61% 25.00% 25.51M 28.273M -9.77% -40.81%
Q2 2023 -2.70 -2.31 -16.96% -12.50% 38.3M 25.955M 47.56% 133.82%
Q1 2023 -1.50 -2.22 32.45% - 37.07M 28.67M 29.30% 16.57%
Q4 2022 -3.30 -2.07 -59.46% -57.14% 39.2M 44.686M -12.28% 181.21%
Q3 2022 -2.40 -1.77 -35.74% -100.00% 43.1M 36.522M 18.01% 60.70%
Q2 2022 -2.40 -1.63 -47.07% -33.33% 16.38M 33.23M -50.71% 17.42%
Q1 2022 -1.50 -1.61 6.63% 54.55% 31.8M 27.263M 16.64% 113.71%
Q4 2021 -2.10 -1.18 -77.93% 22.22% 13.94M 22.297M -37.48% -18.00%
Q3 2021 -1.20 -1.63 26.47% 50.00% 26.82M 21.106M 27.07% 43.19%
Q2 2021 -1.80 -1.49 -20.66% 14.29% 13.95M 19.233M -27.47% -26.11%
Q1 2021 -3.30 -1.33 -148.89% -175.00% 14.88M 22.553M -34.02% -8.49%
Q4 2020 -2.70 -1.33 -103.64% - 17M 17.392M -2.25% -
Q3 2020 -2.40 -1.94 -23.85% - 18.73M 16.368M 14.43% -
Q2 2020 -2.10 -2.04 -2.94% - 18.88M 15.86M 19.04% -
Q1 2020 -1.20 -2.45 50.98% - 16.26M 15.211M 6.90% -

Notes

  • EPS and Revenue values are non-GAAP when available, otherwise GAAP.
  • Surprise % is (Actual - Estimate) / |Estimate|. Green indicates positive surprise, red negative.
  • Q2Q % is quarter-over-quarter growth. Green indicates growth, red indicates decline.
  • Green right border indicates acceleration for sales or earnings growth. Acceleration is the case when the current Q2Q is above the previous Q2Q.

Earnings Q2Q Performance Trends

EPS Historical Q2Q growth and Acceleration

FCEL EPS Q2Q GrowthFCEL EPS Q2Q GrowthEPS Q2Q Growth Q1/21 Q4/21 Q3/22 Q2/23 Q1/24 Q4/24 Q3/25 Q2/26 Q1/27 Q4/27 Q3/28 0 50 -50 -100 -150

Revenue Historical Q2Q growth and Acceleration

FCEL Revenue Q2Q GrowthFCEL Revenue Q2Q GrowthRevenue Q2Q Growth Q1/21 Q4/21 Q3/22 Q2/23 Q1/24 Q4/24 Q3/25 Q2/26 Q1/27 Q4/27 Q3/28 0 50 -50 100 150

Surprise distribution (Last 4 Quarters)

EPS beat statistics

EPS beat (4)
3
Average EPS beat (4)
10.86%
Max EPS beat (4)
23.33%
Min EPS beat (4)
-22.46%

Revenue beat statistics

Revenue beat (4)
2
Average Revenue beat (4)
-0.14%
Max Revenue beat (4)
20.52%
Min Revenue beat (4)
-29.11%

Analysis

In the last 4 quarters, FCEL has beaten EPS estimates in 3 out of 4 releases
FCEL has beaten revenue estimates in 2 out of the last 4 releases
In the last 4 quarters, FCEL has beaten the EPS estimates by 10.9% on average.
In the last 4 quarters, FCEL reported -0.1% below the revenue estimates on average.

FUELCELL ENERGY INC / FCEL Earnings FAQ

What is the most recent earnings date for FCEL stock?

FUELCELL ENERGY INC (FCEL) last reported earnings on 3/9/2026.

Can you provide information on whether FUELCELL ENERGY INC beat earnings estimates in the last quarter?

FUELCELL ENERGY INC (FCEL) beat EPS estimates and missed revenue estimates in the most recent quarter.

What percentage of the time does FCEL stock beat earnings estimates?

In the last 4 quarters, FUELCELL ENERGY INC (FCEL) has beaten EPS estimates in 3 out of 4 releases.