Jun 2026 (Q2 FY26) — Aug 10, 2026
Plug Power Q2 FY26 — Raised Full-Year Revenue Guidance and Near-Breakeven Gross Margin
Read the full callPlug Power (PLUG) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Plug Power earnings: last reported Mon, 10 Aug 2026, for the quarter ended Jun 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 | 178 | +2.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -36.0 | +65.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -188 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$1.49 +2.76% · +$0.04
Performance −63.2% 1Y
1Y: $4.05 on 14 Oct 2025 → $1.49. High $4.14 (27 May 2026), low $1.45 (14 Oct 2026).
- Previous close
- $1.45
- 52-week range
- $1.45 – $4.14
- One year
- −61.30%
Overview
- Symbol
- PLUG
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Plug Power earnings calls (PLUG)
Financials
What the filings say
Net profit, year on year: +17% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 174 | 191 | 134 | 174 | 177 | 225 | 164 | 178 |
| Operating profit | -216 | -1,300 | -178 | -177 | -349 | -763 | -109 | -64 |
| Operating margin | −124.4% | −678.8% | −133.5% | −101.7% | −197.0% | −338.9% | −67.0% | −36.0% |
| Interest | 9 | 17 | 11 | 16 | 16 | 21 | 17 | 17 |
| Profit before tax | -211 | -1,338 | -197 | -229 | -363 | -904 | -246 | -190 |
| Tax rate | −0.1% | 0.2% | 0.0% | −0.0% | −0.0% | −0.0% | −0.0% | −0.1% |
| Net profit | -211 | -1,335 | -197 | -227 | -362 | -846 | -245 | -188 |
| EPS ($ per share) | -0.25 | — | -0.21 | -0.20 | -0.31 | — | -0.18 | -0.14 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2 | 3 | 5 | 6 | 6 | 6 | 9 | 14 |
| Reserves | -1,260 | -1,350 | -1,946 | -2,397 | -3,121 | -4,490 | -6,594 | -8,226 |
| Total liabilities | 356 | 528 | 784 | 1,344 | 1,704 | 2,005 | 1,795 | 1,591 |
| Fixed assets | — | 15 | 75 | 256 | 720 | 1,436 | 866 | 281 |
| Total assets | 390 | 660 | 2,251 | 5,950 | 5,764 | 4,903 | 3,603 | 2,595 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -58 | -53 | -155 | -358 | -829 | -1,107 | -729 | -536 |
| Cash from investing | -20 | -14 | -95 | -1,741 | -679 | 728 | -402 | -139 |
| Cash from financing | 120 | 327 | 1,516 | 3,598 | -77 | 6 | 983 | 630 |
| Net cash flow | 42 | 259 | 1,173 | 1,169 | -1,791 | -556 | 71 | 163 |
| Capital expenditure | -5 | -6 | -23 | -172 | -437 | -665 | -287 | -111 |
| Free cash flow | -63 | -59 | -178 | -530 | -1,265 | -1,772 | -1,016 | -647 |
Insider filings
42 filings between Oct 17, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
$87.3K
1 purchase by 1 insider
Sales
$862.1K
7 sales by 2 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 32
- Award — granted as compensation
- 2
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Haycraft Benjamin | — | $700.5K | Sep 18, 2026 |
| HELMER MAUREEN O | — | $161.6K | Jun 8, 2026 |
| Crespo Jose Luis | $87.3K | — | Dec 15, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Kenausis Gregory Director | Award | 5,928 | $11.5K |
| Oct 1, 2026 | BONNEY MARK J Director | Award | 12,242 | $23.7K |
| Oct 1, 2026 | Angle Colin M Director | Award | 6,121 | $11.9K |
| Oct 1, 2026 | Joggerst Patrick Director | Award | 11,598 | $22.5K |
| Sep 18, 2026 | Haycraft Benjamin CSO & GM EMEA | Sale 10b5-1 plan | 200,000 | $428.3K |
| Sep 15, 2026 | Haycraft Benjamin CSO & GM EMEA | Sale 10b5-1 plan | 18,750 | $38.6K |
| Sep 11, 2026 | Haycraft Benjamin CSO & GM EMEA | Sale 10b5-1 plan | 13,810 | $29.6K |
| Jul 1, 2026 | Joggerst Patrick Director | Award | 7,644 | $20.7K |
| Jul 1, 2026 | BONNEY MARK J Director | Award | 8,764 | $23.8K |
| Jul 1, 2026 | Angle Colin M Director | Award | 3,558 | $9.6K |
| Jul 1, 2026 | Kenausis Gregory Director | Award | 3,980 | $10.8K |
| Jun 25, 2026 | MIDDLETON PAUL B CFO & Executive VP | Award | 389,105 | $0 |
| Jun 11, 2026 | Angle Colin M Director | Award | 39,753 | $0 |
| Jun 11, 2026 | WILLIS GARY K Director | Award | 39,753 | $0 |
| Jun 11, 2026 | BONNEY MARK J Director | Award | 39,753 | $0 |
| Jun 11, 2026 | MCNAMEE GEORGE C Director | Award | 39,753 | $0 |
| Jun 11, 2026 | Kenausis Gregory Director | Award | 39,753 | $0 |
| Jun 11, 2026 | Joggerst Patrick Director | Award | 39,753 | $0 |
| Jun 11, 2026 | HELMER MAUREEN O Director | Award | 39,753 | $0 |
| Jun 8, 2026 | HELMER MAUREEN O Director | Sale 10b5-1 plan | 50,000 | $161.6K |
| Apr 1, 2026 | Joggerst Patrick Director | Award | 8,850 | $20.0K |
| Apr 1, 2026 | Marsh Andrew Director | Award | 3,688 | $8.3K |
| Apr 1, 2026 | BONNEY MARK J Director | Award | 10,509 | $23.8K |
| Apr 1, 2026 | Kenausis Gregory Director | Award | 8,712 | $19.7K |
| Apr 1, 2026 | Mahtani Kavita Director | Award | 9,956 | $22.5K |
| Apr 1, 2026 | Angle Colin M Director | Award | 3,872 | $8.8K |
| Jan 12, 2026 | Haycraft Benjamin CSO & GM EMEA | Sale 10b5-1 plan | 40,000 | $86.8K |
| Jan 2, 2026 | HELMER MAUREEN O Director | Award | 13,959 | $27.5K |
| Jan 2, 2026 | WILLIS GARY K Director | Award | 16,497 | $32.5K |
| Jan 2, 2026 | MCNAMEE GEORGE C Director | Award | 13,008 | $25.6K |
| Jan 2, 2026 | Mahtani Kavita Director | Award | 11,421 | $22.5K |
| Jan 2, 2026 | Kenausis Gregory Director | Award | 9,994 | $19.7K |
| Jan 2, 2026 | Joggerst Patrick Director | Award | 10,152 | $20.0K |
| Jan 2, 2026 | BONNEY MARK J Director | Award | 12,056 | $23.8K |
| Jan 2, 2026 | Angle Colin M Director | Award | 5,076 | $10.0K |
| Dec 15, 2025 | Crespo Jose Luis See Remarks | Purchase 10b5-1 plan | 37,300 | $87.3K |
| Dec 10, 2025 | Haycraft Benjamin CSO & GM EMEA | Sale 10b5-1 plan | 40,000 | $88.0K |
| Nov 28, 2025 | Marsh Andrew CEO | Award | 12,203 | $24.5K |
| Nov 10, 2025 | Haycraft Benjamin CSO & EVP of EMEA Region | Sale 10b5-1 plan | 10,000 | $29.2K |
| Nov 7, 2025 | Haycraft Benjamin CSO & GM EMEA | Tax withheld 10b5-1 plan | 35,957 | $90.3K |
| Oct 31, 2025 | Marsh Andrew CEO | Award | 9,415 | $25.3K |
| Oct 17, 2025 | Haycraft Benjamin CSO & GM EMEA | Tax withheld 10b5-1 plan | 7,817 | $27.2K |
| Oct 10, 2025 | Haycraft Benjamin CSO & GM EMEA | Sale 10b5-1 plan | 10,000 | $38.0K |
| Oct 3, 2025 | Marsh Andrew CEO | Award | 18,324 | $69.8K |
| Oct 1, 2025 | Angle Colin M Director | Award | 4,292 | $10.0K |
| Oct 1, 2025 | HELMER MAUREEN O Director | Award | 11,803 | $27.5K |
| Oct 1, 2025 | BONNEY MARK J Director | Award | 10,193 | $23.7K |
| Oct 1, 2025 | Mahtani Kavita Director | Award | 9,657 | $22.5K |
| Oct 1, 2025 | WILLIS GARY K Director | Award | 13,948 | $32.5K |
| Oct 1, 2025 | MCNAMEE GEORGE C Director | Award | 10,998 | $25.6K |
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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