Ormat Q1 FY2026: record revenue $403.9M (+75.8%), adj. EPS $1.30 (+91.2%), reiterates FY guidance

ORMAT TECHNOLOGIES, INC.

2026-Q1 EPS reported $0.71 revenue$403,911,000

Total revenue $403.9M (+75.8% YoY); GAAP EPS $0.71; adjusted EPS $1.30 (+91.2%); adjusted EBITDA $194.9M (+29.7%).
Electricity segment rev $181.6M (+0.8%); Product segment rev $177.4M (+458.4%) from Topp 2; Energy Storage rev $44.9M (+153.1%).
FY2026 guidance reaffirmed: revenue $1.11-$1.16B, adjusted EBITDA $615-$645M. Dividend $0.12/share payable June 3.
Closed $1B convertible notes offering; repurchased portion of 2027 notes, incurring $33.7M induced conversion charge.
Secured ~270MW new PPAs (Google, NV Energy, Switch); acquired Hoku solar+storage for $80M; invested $25M in Sage Geosystems.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ORMAT TECHNOLOGIES, INC. reported the first quarter ended March 31, 2026 results: revenue 403.9, net income 44.1, EPS 0.71. Guidance reaffirmed.

Period: the first quarter ended March 31, 2026
Revenue: 403.9
Net income: 44.1
EPS: 0.71
Guidance: reaffirmed
Result: reported results

Exact text from the filing

RESULTS Q1 2026 Q1 2025 Change (%) GAAP Measures Revenues ($ millions) Electricity 181.6 180.2 0.8 % Product 177.4 31.8 458.4 % Energy Storage 44.9 17.8 153.1 % Total Revenues 403.9 229.8 75.8 % Gross Profit 120.4 72.9 65.1 % Gross margin (%) Electricity 30.8 % 33.5 % Product 21.4 % 22.3 % Energy Storage & 59.1 % 30.6 % Gross margin (%) 29.8 % 31.7 %

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Source: SEC EDGAR

accession 0001437749-26-015235

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