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Ballard Power Systems (BLDP)
NASDAQ:BLDP
US Market
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Ballard Power Systems (BLDP) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Mar 05, 2026
Before Open (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
-0.08
Last Year’s EPS
-0.16
Same Quarter Last Year
Based on 8 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 13, 2025|
% Change Since:
|
Earnings Call Sentiment|Neutral
The earnings call highlighted a strong revenue growth and positive gross margin achievement, driven by success in the bus and rail segments. However, some challenges remain, such as the need for sustainable profitability and strategic shifts in operations. Overall, the call reflects a balanced perspective with progress in key areas tempered by ongoing restructuring and strategic realignment efforts.
Company Guidance
During the conference call, Ballard Power Systems provided guidance on several key metrics reflecting significant progress and strategic planning. The company reported a 120% year-over-year revenue increase, primarily driven by their bus and rail segments, which accounted for more than 70% of the quarter's revenue. They achieved a positive gross margin of 15%, a stark improvement from the negative 56% in the previous year, attributed to reduced manufacturing overhead and product cost reductions. Operating expenses declined by 36% year-over-year, with cash operating costs down 40%, demonstrating the impact of recent restructuring efforts. The adjusted EBITDA improved to negative $31.2 million from negative $60.1 million the previous year, and cash used by operating activities decreased to $22.9 million from $28.6 million in 2024. The company ended the quarter with $525.7 million in cash and no bank debt, emphasizing their strong balance sheet. Looking forward, Ballard expects operating expenses to be below the low end of their $100 million to $120 million guidance range, with capital expenditures revised to $8-$12 million, down from the previous $15-$25 million, reflecting disciplined capital allocation.
Significant Revenue Growth
Ballard Power Systems reported a 120% year-over-year revenue increase, largely driven by bus and rail segments, contributing to more than 70% of this quarter's revenue.
Positive Gross Margin Achievement
The company achieved a positive gross margin of 15%, reflecting progress in reducing product costs and a net reduction in onerous contract provisions.
Strong Balance Sheet and Cash Management
Ballard ended the quarter with $525.7 million in cash and cash equivalents, no bank debt, and no near-term financing requirements, highlighting a strong balance sheet.
FC Move SC Launch
Positive feedback from OEMs was received for the newly launched FC Move SC at Bus World, noted for its higher power density and simpler functionality.
Largest Marine Order to Date
Ballard recorded their largest marine order of 6.4 megawatts to ECAP and Samskip, marking significant progress in the marine segment.

Ballard Power Systems (BLDP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

BLDP Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Mar 05, 2026
2025 (Q4)
-0.08 / -
-0.163
Nov 13, 2025
2025 (Q3)
-0.11 / -0.09
-0.66886.62% (+0.58)
Aug 11, 2025
2025 (Q2)
-0.09 / -0.08
-0.10727.15% (+0.03)
May 06, 2025
2025 (Q1)
-0.10 / -0.07
-0.13649.48% (+0.07)
Mar 13, 2025
2024 (Q4)
-0.13 / -0.16
-0.162-0.44% (>-0.01)
Nov 05, 2024
2024 (Q3)
-0.12 / -0.67
-0.205-225.95% (-0.46)
Aug 12, 2024
2024 (Q2)
-0.13 / -0.11
-0.095-12.69% (-0.01)
May 07, 2024
2024 (Q1)
-0.14 / -0.14
-0.104-30.61% (-0.03)
Mar 11, 2024
2023 (Q4)
-0.12 / -0.16
-0.117-38.79% (-0.05)
Nov 07, 2023
2023 (Q3)
-0.12 / -0.20
-0.134-52.91% (-0.07)
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

BLDP Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 13, 2025
$3.43$3.19-7.00%
Aug 11, 2025
$1.80$1.800.00%
May 06, 2025
$1.26$1.21-3.97%
Mar 13, 2025
$1.23$1.28+4.07%
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 Ballard Power Systems (BLDP) report earnings?
Ballard Power Systems (BLDP) is schdueled to report earning on Mar 05, 2026, Before Open (Confirmed).
    What is Ballard Power Systems (BLDP) earnings time?
    Ballard Power Systems (BLDP) earnings time is at Mar 05, 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 BLDP EPS forecast?
          BLDP EPS forecast for the fiscal quarter 2025 (Q4) is -0.08.
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