Plug Power Inc (PLUG) stock

PLUGNasdaqElectrical Industrial ApparatusFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 6/3030% below fair value

$1.35−0.01 (-0.73%)

Close on Nov 11, 2026Market cap $1.89BP/E –Yield –

Earnings

Plug Power's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Mar 1, 2027

Q4 FY2026 · estimated, after the close

Revenue, Q1 FY2026

$163.50M

+22.3% on a year earlier

Adjusted basic and diluted net loss per share attributable to Plug Power Inc. (Non-GAAP), Q1 FY2026

-$0.08

-$0.21 a year earlier

Latest guidance

Issued

Oct 15, 2026 · 1 item

Quarterly results

Revenue and earnings per share from each of Plug Power's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q4 FY2026ended Dec 31, 2026	Mar 1, 2027Expected	–	–	–	–	–
Q3 FY2026ended Sep 30, 2026	Oct 15, 2026before the open	–	–	–	–	Release
Q2 FY2026ended Jun 30, 2026	Jul 13, 2026before the open	–	–	–	–	Release
Q1 FY2026ended Mar 31, 2026	May 11, 2026after the close	$163.50M	+22.3%	-$0.18	-$0.08	Release
Q4 FY2025ended Dec 31, 2025	Mar 2, 2026after the close	$225.20M	+17.6%	-$0.63	-$0.06	Release
Q3 FY2025ended Sep 30, 2025	Nov 10, 2025after the close	$177.00M	+1.9%	-$0.31	-$0.12	Release
Q2 FY2025ended Jun 30, 2025	Aug 11, 2025after the close	$174.00M	–	-$0.20	–	Release
Q1 FY2025ended Mar 31, 2025	May 12, 2025after the close	$133.70M	+11.1%	-$0.21	–	Release
Q4 FY2024ended Dec 31, 2024	Mar 3, 2025after the close	$191.50M	–	–	–	Release
Q3 FY2024ended Sep 30, 2024	Nov 12, 2024before the open	$173.70M	-12.7%	–	–	Release
Q2 FY2024ended Jun 30, 2024	Jul 18, 2024after the close	–	–	–	–	Filing
Q1 FY2024ended Mar 31, 2024	May 9, 2024before the open	$120.30M	-42.8%	-$0.46	–	Release
Q4 FY2023ended Dec 31, 2023	Mar 1, 2024before the open	–	–	–	–	Release
Q3 FY2023ended Sep 30, 2023	Nov 9, 2023after the close	$199.00M	+5.5%	-$0.47	–	Release
Q2 FY2023ended Jun 30, 2023	Aug 9, 2023after the close	$260.20M	+72.0%	-$0.40	–	Release
Q1 FY2023ended Mar 31, 2023	May 9, 2023before the open	$210.30M	+49.4%	-$0.35	–	Release
Q4 FY2022ended Dec 31, 2022	Jan 25, 2023after the close	–	–	–	–	Release
Q3 FY2022ended Sep 30, 2022	Nov 8, 2022after the close	$188.60M	+31.1%	-$0.30	–	Release
Q2 FY2022ended Jun 30, 2022	Aug 9, 2022after the close	$151.30M	–	-$0.30	–	Release
Q1 FY2022ended Mar 31, 2022	May 9, 2022after the close	$140.80M	–	-$0.27	–	Release
Q4 FY2021ended Dec 31, 2021	Mar 1, 2022after the close	$162.00M	–	-$0.33	–	Release
Q3 FY2021ended Sep 30, 2021	Nov 9, 2021after the close	$143.90M	–	-$0.19	–	Release
Q2 FY2021ended Jun 30, 2021	Aug 5, 2021after the close	–	–	–	–	Filing
Q1 FY2021ended Mar 31, 2021	May 14, 2021before the open	–	–	–	–	Filing
Q4 FY2020ended Dec 31, 2020	Jan 26, 2021before the open	–	–	–	–	Filing
Q2 FY2020ended Jun 30, 2020	Aug 6, 2020during market hours	–	–	–	–	Filing

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Plug Power's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
revenue growth	FY2026	+15% – +16%	–	New	Oct 15, 2026
revenue targets	FY2026	$5.00B	–	New	Nov 8, 2022
operating margin targets	FY2026	17%	–	New	Nov 8, 2022
revenue targets	FY2030	$20.00B	–	New	Nov 8, 2022
operating margin targets	FY2030	22%	–	New	Nov 8, 2022

Guidance vs results

The last range Plug Power gave before each report, against the figure it then reported. Full years add up the four quarters.

Period	Metric	Guidance	Actual	Result
Q2 FY2025	Revenue	$140.00M – $180.00M	$174.00M	Within range

Guidance history

Every forecast Plug Power put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Oct 15, 2026	revenue growth	FY2026	+15% – +16%	New
May 12, 2025	revenue	Q2 FY2025	$140.00M – $180.00M	Reaffirmed
Apr 28, 2025	revenue	Q2 FY2025	$140.00M – $180.00M	New
Mar 3, 2025	associated future depreciation and amortization	FY2025	$55.00M – $60.00M	New
Mar 3, 2025	material handling business to grow	YoY	+10% – +20%	–
Nov 12, 2024	revenue	FY2024	$700.00M – $800.00M	New
Aug 9, 2023	revenue guidance	FY2023	$1.20B – $1.40B	Lowered
Nov 8, 2022	operating margin targets	FY2026	17%	New
Nov 8, 2022	operating margin targets	FY2030	22%	New
Nov 8, 2022	revenue targets	FY2030	$20.00B	New
Nov 8, 2022	revenue targets	FY2026	$5.00B	New
Nov 8, 2022	revenue forecast	FY2023	$1.40B	New
Aug 9, 2022	revenue targets	FY2022	$900.00M – $925.00M	Reaffirmed
May 9, 2022	gross margin	FY2025	30%	New
May 9, 2022	operating margin	FY2025	17%	Reaffirmed
May 9, 2022	annual sales	FY2025	$3.00B	Reaffirmed
May 9, 2022	revenue targets	FY2022	$900.00M – $925.00M	Reaffirmed
Mar 1, 2022	Operating Income Margin	FY2025	17%	Reaffirmed
Mar 1, 2022	Revenue Goal	FY2022	$900.00M – $925.00M	Reaffirmed
Mar 1, 2022	Revenue	FY2025	$3.00B	Reaffirmed
Jan 19, 2022	EBITDA Margin	FY2025	20%	New
Jan 19, 2022	OI	FY2025	17%	New
Jan 19, 2022	Revenue Goal	FY2022	$900.00M – $925.00M	Reaffirmed
Jan 19, 2022	Revenue	FY2025	$3.00B	Reaffirmed
Nov 9, 2021	annual revenue	FY2025	$3.00B	New
Nov 9, 2021	Revenue Guidance	FY2022	$900.00M – $925.00M	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.