Ormat Technologies, Inc. Earnings Recaps
Q2 2026
Aug 8, 2026
Ormat Technologies reported solid revenue growth driven by accelerating momentum across its electricity and energy storage segments, which propelled the shares up 10.3% following earnings.
Key takeaways
- Q2 revenue rose 10.6% to $258.8 million, fueled primarily by a 195% jump in energy storage segment revenue and 5.8% growth in electricity segment revenue.
- Gross profit increased 20.8% to $68.7 million, lifting consolidated gross margin by 220 basis points to 26.5%, aided by strong storage asset margins.
- Adjusted EBITDA increased 6.9% to $143.9 million, reflecting higher contribution from energy storage.
- Product segment revenue declined 21.6% to $46.7 million due to timing of manufacturing and construction, with gross margin compressing to 9.7% amid rising costs and FX headwinds.
- Company raised full-year revenue and adjusted EBITDA guidance on the back of strong segment performance and ongoing development progress, including key capacity additions.
Q3 2025
Nov 5, 2025
Ormat Technologies reported a solid third quarter in 2025, with revenues up 17.9%, driven by robust performance in both the Energy Storage and Product segments, and announced an increase in revenue and adjusted EBITDA guidance for the year.
Key takeaways
- Total revenue reached $249.7 million, a 17.9% year-over-year increase.
- Operating income rose by 13.3%, while net income attributable to stockholders increased by 9.3%.
- Significant milestones included a 25-year PPA extension for the Heber 1 facility and two exploration licenses in Indonesia, enhancing regional presence.
- Energy Storage segment revenues surged 108% to $20.4 million, driven by successful facility commissions.
- Adjusted EBITDA grew to $138.4 million, reflecting ongoing improvements despite some headwinds in tax benefit sales.