PLUG POWER INC (PLUG) Earnings History & Surprises

NASDAQ:PLUG • US72919P2020

2.23 USD
+0.11 (+5.19%)
At close: Mar 11, 2026
2.2 USD
-0.03 (-1.35%)
After Hours: 3/11/2026, 8:19:42 PM

Past quarterly earnings results for PLUG POWER INC (PLUG), 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 DateMay 11, 2026
PeriodQ1 / 2026
EPS Estimate-$0.10
Revenue Estimate145.86M

Last Reported

Most Recent
Release DateMar 2, 2026
PeriodQ4 / 2025
EPS Reported-$0.64
EPS Surprise -511.61%
Revenue Surprise 1.40%

Beat Rate

Last 8 Quarters
19%
EPS and Revenuebeats vs estimates

Quarterly Earnings Results

EPS & Revenue History (USD)

Actual vs estimated values, surprises, q2q growth and acceleration numbers for recent quarters.

QuarterEPSEPS EstEPS SurpriseEPS Q2QRevenueRevenue EstRevenue SurpriseRevenue Q2Q
Q4 2025 -0.64 -0.10 -511.61% 61.21% 225.22M 222.12M 1.40% 17.63%
Q3 2025 -0.12 -0.13 4.82% 52.00% 177.055M 183.13M -3.32% 1.91%
Q2 2025 -0.20 -0.16 -27.02% 44.44% 173.97M 161.1M 7.99% 21.36%
Q1 2025 -0.21 -0.19 -7.79% 54.35% 133.674M 134.8M -0.84% 11.15%
Q4 2024 -1.65 -0.23 -612.34% -52.78% 191.47M 268.43M -28.67% -13.81%
Q3 2024 -0.25 -0.25 -1.24% 44.44% 173.73M 214.44M -18.98% -12.57%
Q2 2024 -0.36 -0.30 -20.63% 10.00% 143.35M 188.64M -24.01% -44.90%
Q1 2024 -0.46 -0.34 -36.49% -31.43% 120.264M 160.74M -25.18% -42.81%
Q4 2023 -1.08 -0.45 -141.83% -184.21% 222.161M 241.17M -7.88% 0.64%
Q3 2023 -0.45 -0.31 -44.45% -50.00% 198.711M 232.75M -14.62% 5.35%
Q2 2023 -0.40 -0.27 -47.89% -33.33% 260.182M 247.09M 5.30% 72.00%
Q1 2023 -0.35 -0.26 -33.77% -29.63% 210.286M 209.24M 0.50% 49.35%
Q4 2022 -0.38 -0.26 -47.30% -65.22% 220.742M 282.82M -21.95% 36.34%
Q3 2022 -0.30 -0.24 -25.38% -66.67% 188.628M 252.94M -25.43% 31.06%
Q2 2022 -0.30 -0.21 -41.86% -66.67% 151.267M 169.2M -10.60% 21.44%
Q1 2022 -0.27 -0.16 -65.96% -125.00% 140.804M 147.38M -4.46% 95.68%
Q4 2021 -0.23 -0.12 -99.87% 79.46% 161.905M 160.46M 0.90% 78.72%
Q3 2021 -0.18 -0.09 -103.17% -100.00% 143.922M 146.81M -1.97% 34.45%
Q2 2021 -0.18 -0.07 -149.57% -500.00% 124.557M 116.92M 6.53% 83.19%
Q1 2021 -0.12 -0.08 -42.97% - 71.958M 77.655M -7.34% 76.29%
Q4 2020 -1.12 -0.11 -955.00% - 90.591M 89.07M 1.71% -
Q3 2020 -0.09 -0.07 -27.71% - 107.048M 111.39M -3.90% -
Q2 2020 -0.03 -0.10 69.92% - 67.995M 60.656M 12.10% -
Q1 2020 -0.12 -0.10 -14.78% - 40.819M 36.166M 12.87% -

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

PLUG EPS Q2Q GrowthPLUG EPS Q2Q GrowthEPS Q2Q Growth Q1/21 Q3/21 Q1/22 Q3/22 Q1/23 Q3/23 Q1/24 Q3/24 Q1/25 Q3/25 Q1/26 Q3/26 Q1/27 Q3/27 Q1/28 Q3/28 0 -100 -200 -300 -400

Revenue Historical Q2Q growth and Acceleration

PLUG Revenue Q2Q GrowthPLUG Revenue Q2Q GrowthRevenue Q2Q Growth Q1/21 Q3/21 Q1/22 Q3/22 Q1/23 Q3/23 Q1/24 Q3/24 Q1/25 Q3/25 Q1/26 Q3/26 Q1/27 Q3/27 Q1/28 Q3/28 0 50

Surprise distribution (Last 4 Quarters)

EPS beat statistics

EPS beat (4)
1
Average EPS beat (4)
-135.40%
Max EPS beat (4)
4.82%
Min EPS beat (4)
-511.61%

Revenue beat statistics

Revenue beat (4)
2
Average Revenue beat (4)
1.31%
Max Revenue beat (4)
7.99%
Min Revenue beat (4)
-3.32%

Analysis

In the last 4 quarters, PLUG has beaten EPS estimates in 1 out of 4 releases
PLUG has beaten revenue estimates in 2 out of the last 4 releases
In the last 4 quarters, PLUG reported -135.4% below the EPS estimates on average.
In the last 4 quarters, PLUG has beaten the revenue estimates by 1.3% on average.
→ Find peers who consistently beat earnings by at least 10% in the last 4 quarters

PLUG POWER INC / PLUG Earnings FAQ

What is the most recent earnings date for PLUG stock?

PLUG POWER INC (PLUG) last reported earnings on 3/2/2026.


Did PLUG stock beat earnings estimates in the most recent quarter?

PLUG POWER INC (PLUG) missed EPS estimates and beat revenue estimates in the most recent quarter.


Can you provide information on how often PLUG POWER INC beats earnings estimates?

In the last 4 quarters, PLUG POWER INC (PLUG) has beaten EPS estimates in 1 out of 4 releases.