When does Plug Power (PLUG) report Q3 2026 earnings, and what do analysts expect?
Plug Power reports its third quarter of 2026 next week, after already telling investors much of the answer in an October 15 business update. These are the questions people ask about it, each answered with one number and the page where the data lives.
When does Plug Power report Q3 2026 earnings?
Monday, November 9, 2026, after the market closes, with the call at 4:30 p.m. Eastern Time. The call page will carry the transcript: Plug Power Q3 2026 earnings call. Earlier calls are on its earnings calls page.
What revenue do analysts expect?
$193.3 million on average from 13 analysts, with a range of $180.1 million to $201.1 million. Figures as of October 27: Plug Power analyst estimates.
Didn’t Plug already pre-announce the quarter?
Partly. On October 15 it said third-quarter revenue grew more than 10% from a year earlier, which sets a floor of $194.8 million, above the consensus. It also put net cash usage at about $28 million and unrestricted cash at about $134 million, with no stock sold.
What do we forecast?
$196.7 million, a small beat, carried by equipment: $97.0 million, up from $81.9 million in the second quarter, as fuel-cell deployments and electrolyzer shipments start the second-half ramp. The model is in our Plug Power Q3 2026 earnings preview.
What will gross margin look like?
Worse on paper: about -4.6%, from -0.9%, because the second quarter included a $15.7 million release of loss-contract provisions. Excluding those releases, we expect an improvement from -9.7% to about -7.1%: Plug Power financials.
Is the fourth quarter the bigger test?
Yes. Plug needs about $281.4 million in the fourth quarter to hit the middle of its 15% to 16% growth guide, the largest quarter in its history. The consensus is $285.0 million.
How much dilution is possible?
$944.1 million remains under the at-the-market program and $1.0 billion under a standby equity agreement with Yorkville that runs to February 2027, against 1.40 billion shares outstanding. Plug sold no shares under either through its October update.
How much of Plug Power is sold short?
292.0 million shares at the October 15 settlement, about 21% of the shares outstanding, or 5.7 days of average volume: Plug Power short interest.
Have insiders been buying?
Not since December 15, 2025. An officer sold 200,000 shares at $2.14 on September 18: Plug Power insider trading.
Where is the stock going into the report?
It closed at $1.41 on November 3, down 48% from $2.71 at the end of June: Plug Power stock page.
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Data: SEC filings, analyst estimates and FINRA short interest, processed by Equibles.
This is our analysis of public filings and market data, not investment advice. Equibles staff may hold positions in the securities discussed.
