Stem, Inc. (STEM)
NYSE:STEM
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Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-1.83Last Year’s EPS
-1.79Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized significant operational improvements, margin expansion, recurring software growth, product and M&A momentum, and reaffirmed full-year guidance. Offsetting items include a short-term revenue decline driven by no battery hardware resales in Q1, negative operating cash flow due to seasonal working capital timing, and managed services pressure from a supplier bankruptcy. Overall the positives around profitability, margins, PowerTrack growth, structural cost reductions and strategic product initiatives materially outweigh the near-term headwinds.Company Guidance
Positive Adjusted EBITDA Streak and Profitability Milestone
Adjusted EBITDA of $2 million in Q1 2026, representing the fourth consecutive quarter of positive adjusted EBITDA and the company's first-ever positive adjusted EBITDA in a first fiscal quarter. This is a $7 million improvement versus Q1 2025 (from negative $5 million to positive $2 million), demonstrating operating leverage.
Record Non-GAAP Gross Margin Expansion
Non-GAAP gross margin reached a record 52% in Q1 2026 (vs. 46% in Q1 2025). GAAP gross margin was 38% (vs. 32% in Q1 2025). Margin expansion was driven by a revenue mix shift to software, services and edge hardware (no battery hardware resales in the quarter).
PowerTrack Software Strength and Growth in Solar AUM
PowerTrack software revenue grew 16% year-over-year. PowerTrack ARR was reported up 2% sequentially and ~12% year-over-year, with total ARR at $61.2 million. Solar operating AUM increased to 37.5 GW (added ~1.5 GW in Q1, a 4% sequential increase).
Structural Cost Reductions and Productivity Gains
Cash operating expenses were down 30% year-over-year and down approximately 10% sequentially, reflecting permanent structural efficiencies. Internal AI adoption is high (nearly 70% of employees using AI weekly), accelerating feature delivery and operational productivity.
Strategic Product and M&A Progress
Launched PowerTrack Sage (AI assistant) broadly; acquired raicoon to add automated fault detection and event management; PowerTrack EMS bookings more than doubled quarter-over-quarter; entered a co-marketing partnership with Nuvation Energy to expand BESS/hybrid solutions in North America.
Guidance Reaffirmed
Company reaffirmed full-year 2026 guidance: total revenue $140M–$190M (software, services and edge hardware $130M–$150M; up to $40M battery hardware resales), non-GAAP gross margin 40%–50%, adjusted EBITDA $10M–$15M, operating cash flow $0M–$10M, and year-end ARR $65M–$70M.
STEM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
STEM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $10.91 | $8.73 | -19.98% |
Mar 04, 2026 | $10.05 | $12.18 | +21.19% |
Oct 29, 2025 | $23.10 | $16.94 | -26.67% |
Aug 07, 2025 | $12.45 | $12.72 | +2.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Stem, Inc. (STEM) report earnings?
Stem, Inc. (STEM) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is Stem, Inc. (STEM) earnings time?
Stem, Inc. (STEM) earnings time is at Aug 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STEM EPS forecast?
STEM EPS forecast for the fiscal quarter 2026 (Q2) is -1.83.