Ballard Power Systems (BLDP)
NASDAQ:BLDP
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Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.08Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed meaningful operational and financial progress: double-digit revenue growth (26%), materially improved margins (14%, up 37% YoY), substantial reductions in operating expenses (36%), strong cash reserves ($516.8M) and major multiyear commercial wins in the bus market. Those positives are tempered by remaining profitability and cash‑flow gaps (adjusted EBITDA still negative $11.4M; operating cash use of $7.8M), a lumpier bus revenue profile due to timing and EU funding friction, and execution risk tied to ramping Project Forge and hydrogen supply economics. On balance, the transcript emphasizes clear momentum in the company’s transformation with manageable near-term risks.Company Guidance
Revenue Growth
Total revenue of $19.4 million in Q1 2026, representing 26% growth year-over-year, driven by deliveries into the rail and bus verticals.
Improving Gross Margin Trajectory
Gross margin improved to 14% (a 37% increase compared to Q1 2025), marking the third consecutive quarter of positive gross margins and reflecting lower manufacturing overhead and higher revenue.
Cost Discipline and Operating Efficiency
Total operating expenses were $16.4 million, a 36% reduction versus prior year, driven by disciplined cost control and restructuring actions completed in 2025.
Material Cash and EBITDA Improvements
Cash used in operating activities improved to $7.8 million (vs $24.4 million prior year), a 65% improvement; adjusted EBITDA improved to negative $11.4 million from negative $27.5 million a year earlier.
Strong Balance Sheet
Ended the quarter with $516.8 million in cash and cash equivalents, no bank debt and no near- or mid-term financing needs (cash down ~2% from prior quarter).
Significant Commercial Wins in Bus Market
Signed multiyear agreements including ~50 MW fuel cell engine supply to New Flyer and selections by Wrightbus and Solaris for next‑generation hydrogen bus platforms using the FCmove SC engine, including engine sales and long-term service support.
Fleet Services and Data Advantage
Pivot toward proactive, data-driven fleet services built on >300,000,000 km of real-world data, industry-first uptime standard targeting up to 98% fleet availability, creating recurring revenue and stronger total cost of ownership value proposition for OEMs and operators.
Operational Automation Roadmap
Project Forge high-volume automated bipolar plate manufacturing line expected to enter full production in H2 2026 to lower unit cost, reduce material waste, and improve quality; continued deployment of AI-assisted vision systems for defect detection.
BLDP 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
BLDP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $3.29 | $4.33 | +31.61% |
Mar 12, 2026 | $2.15 | $2.42 | +12.56% |
Nov 13, 2025 | $3.43 | $3.19 | -7.00% |
Aug 11, 2025 | $1.80 | $1.80 | 0.00% |
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 Aug 12, 2026, Before Open (Confirmed).
What is Ballard Power Systems (BLDP) earnings time?
Ballard Power Systems (BLDP) 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 BLDP EPS forecast?
BLDP EPS forecast for the fiscal quarter 2026 (Q2) is -0.05.