Fermi Inc. (FRMI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Thank you for standing by and welcome to Fermi America's first quarter 2026 earnings call. At this time, all participants are on a listen-only mode. A question and answer session will follow the prepared remarks. Please note that today's event is being recorded. I'd now like to turn the call over to Rodrigo Acuna, Fermi Director of Investor Relations. Rodrigo, the floor is yours. Good morning, and thank you for joining Fermi America's first quarter 2026 earnings conference call. With me today are our chairman of the board, Marius Haas, co-presidents of the newly established office of the CEO, Jacob Ortiz-Lanez, and Anna Bofa, and our interim chief financial officer, Rob Masson. Today's call contains forward-looking statements within the meaning of the federal securities laws. These statements reflect management current expectations and are subject to risk and uncertainties that could cause actual results to differ materially from those anticipated. For our detailed discussion of the risk, please refer to our most recent annual report on Form 10-K and our recent reports on Form 8-K. Any non-GAAP measures discussed today are intended to provide supplemental perspectives on the company's ongoing operations. I will now turn the call over to Mariusz. Thank you, Rodrigo. Good morning, everyone, and thanks for joining us today. We're at a meaningful inflection point in Fermi America's development. With Fermi 2.0, we're moving forward from the entrepreneurial foundation that built this company to the institutional framework required to scale it. Fermi was built on delivering reliable private grid power at scale to the hyperscale compute infrastructure that the AI economy requires. That hasn't changed. And market conditions continue to vali...