Fluence Energy, Inc. · NASDAQ:FLNC
Fluence Energy — Q3 2026 Earnings Presentation
24 slides from Fluence Energy's earnings presentation, Aug 6, 2026
Slide 1: Q3 FY2026 Earnings Presentation
Q3 FY2026 Earnings Presentation August 6, 2026 © Fluence Energy Inc. All rights reserved. |
Slide 2: Disclaimer
Disclaimer Forward-Looking This presentation contains forward Statements - looking statements within the meaning of operations across fiscal periods; a significant reduction in order volume or terms; compromises, interruptions, or shutdowns of systems; use of artificial of the Private Securities Lit
Slide 3: Today's Agenda
1 Strategy Update Today’s Julian Nebreda, President & CEO Agenda
Slide 4: Q3 2026 Executive Summary
1 Q3’26 order intake of ~$1.44 billion, a record quarter for Fluence Q3 2026 2 Secured ~$850 million of data center business including the Company’s first large, behind- Executive the-meter order signed during the quarter and awards from a hyperscaler in July Summary 3 Q3’26 ending backlog of $6.4 b
Slide 5: $2.7 Billion of Orders Booked through Q3 2026, 80% more than same period last year
$2.7 Billion of Orders Booked through Q3 2026, 80% more than same period last year Order Intake ($ Mn) 1.8x ~$2,900 Order Intake Momentum $2,700 • ~$1.44 billion booked during Q3’26 • Record order intake in two of the past four quarters 1487 ~$1,500 • Anticipate record order growth to continue in Q4
Slide 6: Significant Progress with Data Center Customers
Significant Progress with Data Center Customers Key Updates 1• Signed first order for behind - the - meter data center site worth ~$300 million during Q3’26 2 Awarded ~$550 million from a hyperscaler’s portfolio during July 3 Current data center pipeline of 16 GWh, representing an increase of over 3
Slide 7: Growing Backlog Fueled by Larger Pipeline
Growing Backlog Fueled by Larger Pipeline Backlog Growth ($B) Pipeline Growth ($B) 22% CAGR 30 % CAGR $6.4 $33.1 $5.3 $4.5 $23.4 $20.9 Q4’24 Q4’25 Q3’26 Q4’24 Q4’25 Q3’26 © Fluence Energy, Inc. All rights reserved. | 7
Slide 8: Expanding Supply Chain Capacity To Meet Growing Orders
Expanding Supply Chain Capacity To Meet Growing Orders 1 Increasing our supply chain to meet expected growth • New contract manufacturing facilities in U.S. and abroad 2 Reduction in FY 2026 guidance primarily driven Module by delays in production two new facilities Manufacturing UTAH Cell 3 New org
Slide 9: Why Customers are Choosing Fluence
Why Customers are Choosing Fluence Fluence Team with 1 Differentiated Software Stack Smartstack 10 2 Integrated Hardware & Operating System • Remote operation • Low voltage ride through • Load smoothing capabilities 3 Bankable Domestic Content 4 Smartstack Designed as a “Platform” which can be upgra
Slide 10: Today's Agenda
Today’s Agenda 2 Financial Update Ahmed Pasha, SVP & CFO
Slide 11: Third Quarter FY2026 Financial Performance
Third Quarter FY2026 Financial Performance All figures in $ million, unless specified1 Q3’25 Q3’26 HIGHLIGHTS 1 Revenue $603 $650 1 Q3'26 revenue $90 million below expectations due to production delays at two new contract manufacturing facilities: Gross Profit $89 $33 • Three-month delay in ramp of
Slide 12: Adjusting FY 2026 Guidance
Adjusting FY 2026 Guidance All figures in $ million, unless Previous FY 2026 Revised FY 2026 specified Guidance Guidance KEY POINTS 1 The $400 million reduction versus prior midpoint guidance reflects $3,200 - $3,600 $2,900 - $3,100 delayed ramp-up at new contract Revenue Midpoint $3,400 Midpoint $3
Slide 13: $863 Million of Total Liquidity to Support our Growth Plans
$863 Million of Total Liquidity 1 to Support our Growth Plans All figures in $ million, unless specified KEY POINTS 1 Cash use during Q3'26 in line with expectations for inventory to $498 support fourth quarter deliveries mn $863 2 Fiscal year end liquidity forecast of ~$900 million in-line with pri
Slide 14: Key Takeaways
Key Takeaways 1 Order Momentum Continues Record $6.4 billion backlog and expect Q4'26 order intake to exceed record Q3'26 level 2 Expanding Supply Chain to meet Demand Adding new production capacity globally; realigning organization with new leadership to strengthen execution 3 Differentiated Produc
Slide 15: Today's Agenda
1) Strategy Update Tod ay’ S Julian Nebreda, President & CEO Agenda 2) Financial Update Ahmed Pasha, SVP & CFO @ Q&A FLUcNCe ‘A Siemens and A€S Company
Slide 16: Appendix
Appendix aReNee
Slide 17: Smartstack's Modular Design Can Fit Customer Specs
Smartstack’s Modular Design Can Fit Customer Specs Smartstack Battery Cell FROM Cell Supplier 1 (US) Cell Supplier 2 Battery Module Cell Supplier 3 Battery Pod Cell Supplier 4 Cell Supplier 5 • Initially ships with 7.5 MWh • Upgradable as requirements change Smartstack’s split architecture separates
Slide 18: Extreme Power Usage Fluctuations of Data Centers
Extreme Power Usage Fluctuations of Data Centers Source: Company Estimates; McKinsey © Fluence Energy, Inc. All rights reserved. | 18
Slide 19: Current Tariffs on Chinese Battery Imports
Current Tariffs on Chinese Battery Imports Current Effective Tariffs1 3.4% 12.5% Base tariff Section 301 forced - labor tariff On Imports as of 7/25/26 40.9% 25% N/A Section 301 tariff on cells, Anti - dumping/ modules or integrated systems countervailing originated in China (AD/CV) tariffs 1 Based
Slide 20: OBBBA Provides Upside to Storage; Supports FLNC's Strategy
OBBBA Provides Upside to Storage; Supports FLNC’s Strategy Long-term ITC availability, limits on Chinese competition, and incentives for domestic content favor FLNC Section 48E ITC (claimed by FLNC customers) based on start construction safe harbor year HIGHLIGHTS OF OBBBA 75% • Section 48E ITC for
Slide 21: PFE Restrictions for Manufacturing are Complex but Workable
PFE Restrictions for Manufacturing are Complex but Workable Amount of Non-PFE Content Required for Section 45X Advanced Manufacturing Tax Credit Increases Over Time Section 45X Cell/Module PFE Content Restrictions 85% 85% 85% KEY HIGHLIGHTS 80% • Section 45X for cells, modules and 70% 65% inverters
Slide 22: Definitions
Definitions ITEM DEFINITION Backlog represents the unrecognized revenue value of our contractual commitments, which include deferred revenue and amounts that will be billed and recognized as revenue in future periods. The Company’s backlog may vary significantly each reporting period based on the ti
Slide 23: Non-GAAP Financial Measures
Non - GAAP Financial Measures Included in this presentation and discussed in the earnings call are certain non-GAAP financial measures, including Adjusted EBITDA, Adjusted Gross Profit, and Adjusted Gross Profit Margin, which are designed to complement the financial information presented in accordan
Slide 24: Non-GAAP Financial Measures & Reconciliations
Non - GAAP Financial Measures & Reconciliations 1 Notes: ($ in millions) Q3’ 25 Q3’26 1. Tables may not reconcile to financial statements due to rounding. 2. Amount for the three months ended June 30, 2026, includes $0.5 million for NET INCOME (LOSS) 6.9 (44.3) secondary offering expenses and $0.5 m