Fluence Energy cuts FY25 revenue view to $2.6B-$2.8B from $3.1B-$3.7B

Consensus $3.19B. Cuts FY25 adjusted EBITDA view to $0-$20M from $70M-$100M. The company said, “The Company is revising its fiscal year 2025 guidance to reflect the currently-anticipated impact of ongoing economic uncertainty in the U.S. market, caused particularly by tariff policy that led to what the Company expects is a temporary deceleration in its U.S. customer contracting activity. Total fiscal year 2025 revenue is now expected to be in the range of $2.6 billion to $2.8 billion, down from the previous range of $3.1 billion to $3.7 billion. This $700 million reduction at the midpoint is primarily attributable to mutual decisions made during the second quarter by the Company and its customers to pause U.S. projects under existing contracts, and to defer entry into pending contracts until there exists better visibility and certainty on the tariff environment. Importantly, the updated revenue midpoint is approximately 95% covered by the current backlog and fiscal year-to-date revenue. The Company is also lowering its fiscal year 2025 Adjusted EBITDA guidance1 to a range of $0 to $20 million, from the prior range of $70 million to $100 million. This reduction is primarily driven by the anticipated impact on Adjusted EBITDA from the $700 million reduced revenue outlook as well as an approximate $20 million anticipated incremental impact from the recently enacted U.S. tariffs, partially offset by approximately $25 million of anticipated benefits from the Company’s proactive operational efficiency improvement initiatives. Fluence is reaffirming its fiscal year 2025 annual recurring revenue (“ARR”) guidance of approximately $145 million.”