Fluence Energy’s stock surged 78.2% on the heels of strong order intake momentum and an improving margin profile, signaling investor confidence in the company’s ability to capitalize on expanding demand and new customer wins despite some supply headwinds.

• Year-to-date order intake reached approximately $2 billion, doubling the total from the same period last fiscal year, with a record backlog of $5.6 billion at quarter-end.
• Adjusted gross margin improved to 11.1% in Q2, aligning well within the targeted 11% to 13% full-year range, reflecting more disciplined execution.
• Fluence reaffirmed fiscal 2026 guidance for revenue, annual recurring revenue (ARR), and adjusted EBITDA, indicating stable outlook despite earlier challenges.
• New customer acquisition accelerated, with 50% of orders from new customers and strategic master supply agreements secured with two major hyperscalers.
• Supply chain constraints due to lithium price fluctuations slowed some deals temporarily but stabilized during the quarter, resuming order momentum.