Jul 2026 (Q3 FY26) — Sep 2, 2026
FuelCell Energy Q3 FY26 — Data Center Strategy Commercialization and Backlog Expansion
Read the full callFuelCell Energy (FCEL) earnings
- Jul 2026
- Jul 2026 (Q3 FY26)
- Oct 2025
FuelCell Energy earnings: last reported Wed, 2 Sep 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 33.0 | −29.4% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | -141.4 | +62.6 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | -44.5 | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$12.89 −0.85% · −$0.11
Performance +52.0% 1Y
1Y: $8.48 on 17 Oct 2025 → $12.89. High $36.01 (30 Jun 2026), low $6 (24 Nov 2025).
- Previous close
- $13
- 52-week range
- $6 – $36.01
- One year
- +46.64%
Overview
- Symbol
- FCEL
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Call summaries
Apr 2026 (Q2 FY26) — Jun 8, 2026
FuelCell Energy Q2 FY26 — Data-center pipeline triples to 4 GW as Torrington expansion lifts to 500 MW
Read the full callEvery analysed call
FuelCell Energy earnings calls (FCEL)
Financials
What the filings say
Net profit, year on year: +51% (quarter to jul 2026 against jul 2025).
| Line item | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 49 | 19 | 37 | 47 | 55 | 31 | 36 | 33 |
| Operating profit | -41 | -33 | -36 | -95 | -28 | -26 | -78 | -47 |
| Operating margin | −83.2% | −172.9% | −95.7% | −204.0% | −51.5% | −86.1% | −218.9% | −141.4% |
| Interest | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | -40 | -32 | -38 | -92 | -29 | -26 | -78 | -45 |
| Tax rate | −0.1% | — | −0.2% | −0.0% | −0.0% | — | 0.1% | — |
| Net profit | -41 | -28 | -38 | -92 | -30 | -23 | -78 | -44 |
| EPS ($ per share) | — | -1.42 | -1.79 | -3.78 | — | -0.49 | -1.45 | -0.64 |
| Line item | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -991 | -1,075 | -1,164 | -1,265 | -1,408 | -1,516 | -1,642 | -1,829 |
| Total liabilities | 163 | 198 | 269 | 170 | 185 | 195 | 217 | 201 |
| Fixed assets | 48 | 41 | 36 | 39 | 58 | 90 | 131 | 96 |
| Investments | — | — | — | — | — | 104 | 109 | — |
| Total assets | 340 | 333 | 524 | 875 | 940 | 956 | 944 | 932 |
| Line item | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 16 | -31 | -37 | -70 | -112 | -140 | -153 | -125 |
| Cash from investing | -51 | -69 | -33 | -73 | -47 | -192 | -60 | 89 |
| Cash from financing | 28 | 60 | 222 | 412 | 181 | 151 | 122 | 169 |
| Net cash flow | -7 | -40 | 152 | 268 | 21 | -181 | -91 | 133 |
| Capital expenditure | -10 | -2 | -0 | -6 | -21 | -39 | -48 | -19 |
| Free cash flow | 6 | -33 | -37 | -77 | -133 | -180 | -201 | -144 |
Insider filings
36 filings between Dec 5, 2025 and Oct 6, 2026.
Open market
decisions to buy or sellPurchases
$741.9K
2 purchases by 1 insider
Sales
$211.4K
4 sales by 2 insiders
75% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 16
- Option exercise — converted options into shares
- 14
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Livingston III Homer John | $741.9K | — | Sep 14, 2026 |
| Achanta Shankar | — | $138.0K | Oct 6, 2026 |
| Bingham Betsy B | — | $73.4K | Dec 22, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 6, 2026 | Achanta Shankar EVP, Chf. Product &Tech Ofc. | Sale 10b5-1 plan | 2,500 | $46.3K |
| Sep 14, 2026 | Livingston III Homer John Director | Purchase | 16,404 | $247.0K |
| Jul 16, 2026 | Livingston III Homer John Director | Purchase | 26,343 | $495.0K |
| Jul 6, 2026 | Achanta Shankar EVP, Chf. Product &Tech Ofc. | Sale 10b5-1 plan | 2,500 | $71.8K |
| May 8, 2026 | Achanta Shankar EVP, Chf. Product &Tech Ofc. | Tax withheld | 492 | $6.7K |
| May 8, 2026 | Achanta Shankar EVP, Chf. Product &Tech Ofc. | Option exercise | 2,020 | $0 |
| Apr 21, 2026 | Bingham Betsy B Director | Option exercise | 23,859 | $0 |
| Apr 21, 2026 | von Althann Natica Director | Option exercise | 23,859 | $0 |
| Apr 20, 2026 | Achanta Shankar EVP, Chf. Product &Tech Ofc. | Sale 10b5-1 plan | 2,500 | $20.0K |
| Dec 30, 2025 | Bishop Michael S. EVP, TREASURER & CFO | Option exercise | 11,363 | $0 |
| Dec 30, 2025 | Bishop Michael S. EVP, TREASURER & CFO | Tax withheld | 3,562 | $28.3K |
| Dec 30, 2025 | Dolger Joshua General Counsel & Corp Sec | Option exercise | 6,250 | $0 |
| Dec 30, 2025 | Dolger Joshua General Counsel & Corp Sec | Tax withheld | 1,959 | $15.6K |
| Dec 30, 2025 | Few Jason CEO | Option exercise | 29,250 | $0 |
| Dec 30, 2025 | Few Jason CEO | Tax withheld | 9,167 | $72.8K |
| Dec 30, 2025 | Achanta Shankar EVP, Chf. Product &Tech Ofc. | Tax withheld | 1,688 | $13.4K |
| Dec 30, 2025 | Achanta Shankar EVP, Chf. Product &Tech Ofc. | Option exercise | 6,250 | $0 |
| Dec 22, 2025 | Bingham Betsy B Director | Sale | 8,608 | $73.4K |
| Dec 11, 2025 | Dolger Joshua General Counsel & Corp Sec | Option exercise | 2,525 | $0 |
| Dec 11, 2025 | Dolger Joshua General Counsel & Corp Sec | Tax withheld | 792 | $6.9K |
| Dec 11, 2025 | Bishop Michael S. EVP, TREASURER & CFO | Option exercise | 4,591 | $0 |
| Dec 11, 2025 | Bishop Michael S. EVP, TREASURER & CFO | Tax withheld | 1,439 | $12.6K |
| Dec 11, 2025 | Few Jason CEO | Tax withheld | 3,704 | $32.4K |
| Dec 11, 2025 | Few Jason CEO | Option exercise | 11,818 | $0 |
| Dec 5, 2025 | Few Jason CEO | Option exercise | 5,135 | $0 |
| Dec 5, 2025 | Bishop Michael S. EVP, TREASURER & CFO | Tax withheld | 332 | $2.8K |
| Dec 5, 2025 | Bishop Michael S. EVP, TREASURER & CFO | Option exercise | 1,167 | $0 |
| Dec 5, 2025 | Bishop Michael S. EVP, TREASURER & CFO | Tax withheld | 366 | $3.1K |
| Dec 5, 2025 | Dolger Joshua General Counsel & Corp Sec | Option exercise | 813 | $0 |
| Dec 5, 2025 | Dolger Joshua General Counsel & Corp Sec | Tax withheld | 255 | $2.1K |
| Dec 5, 2025 | Dolger Joshua General Counsel & Corp Sec | Option exercise | 898 | $0 |
| Dec 5, 2025 | Dolger Joshua General Counsel & Corp Sec | Tax withheld | 282 | $2.4K |
| Dec 5, 2025 | Few Jason CEO | Option exercise | 4,654 | $0 |
| Dec 5, 2025 | Few Jason CEO | Tax withheld | 1,610 | $13.5K |
| Dec 5, 2025 | Few Jason CEO | Tax withheld | 1,459 | $12.2K |
| Dec 5, 2025 | Bishop Michael S. EVP, TREASURER & CFO | Option exercise | 1,057 | $0 |
| May 8, 2025 | Achanta Shankar EVP, Chf. Product &Tech Ofc. | Option exercise | 2,020 | $0 |
| May 8, 2025 | Achanta Shankar EVP, Chf. Product &Tech Ofc. | Tax withheld | 492 | $2.1K |
| Apr 15, 2025 | Bingham Betsy B Director | Option exercise | 3,362 | $0 |
| Jan 15, 2025 | Bingham Betsy B Director | Award | 1,293 | $12.7K |
| Dec 11, 2024 | Feasel Mark EVP & Ch. Commercial Officer | Option exercise | 2,525 | $0 |
| Dec 11, 2024 | Bishop Michael S. EVP, TREASURER & CFO | Option exercise | 4,591 | $0 |
| Dec 11, 2024 | Bishop Michael S. EVP, TREASURER & CFO | Tax withheld | 2,128 | $26.7K |
| Dec 11, 2024 | Lisowski Michael EVP, Strategic Partnerships | Option exercise | 2,525 | $0 |
| Dec 11, 2024 | Lisowski Michael EVP, Strategic Partnerships | Tax withheld | 792 | $9.9K |
| Dec 11, 2024 | Few Jason CEO | Option exercise | 11,818 | $0 |
| Dec 11, 2024 | Few Jason CEO | Tax withheld | 6,068 | $76.2K |
| Dec 11, 2024 | Feasel Mark EVP & Ch. Commercial Officer | Tax withheld | 1,322 | $16.6K |
| Dec 11, 2024 | Dolger Joshua General Counsel & Corp Sec | Option exercise | 2,525 | $0 |
| Dec 11, 2024 | Dolger Joshua General Counsel & Corp Sec | Tax withheld | 918 | $11.5K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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