---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-015235"
form_type: "8-K"
ticker: "ORA"
cik: "0001296445"
company_name: "ORMAT TECHNOLOGIES, INC."
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:33:24.554254+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-015235
- form_type: 8-K
- ticker: ORA
- cik: 0001296445
- company_name: ORMAT TECHNOLOGIES, INC.
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1296445/000143774926015235/0001437749-26-015235-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1296445/000143774926015235/ora20260506_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-015235
- JSON: https://secwatch.observer/filing/0001437749-26-015235.json
- Plain text: https://secwatch.observer/filing/0001437749-26-015235.txt

## Source-grounded claims
- claim_id: b9a3e9822e0bf9b9a662bc7b76f99a9457843ad2
  claim: ORMAT TECHNOLOGIES, INC. reported the first quarter ended March 31, 2026 results: revenue 403.9, net income 44.1, EPS 0.71. Guidance reaffirmed.
  evidence_excerpt: 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1296445/000143774926015235/0001437749-26-015235-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.