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ESS Tech (GWH)
NYSE:GWH
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.29Last Year’s EPS
-1.5Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of encouraging commercial progress (SRP/Google partnership, Air Force contract), structural cost reductions, strengthened IP and financing actions, and clear product strategy around the Energy Base. However, the company faces significant near-term challenges: revenue has collapsed year-over-year, substantial net losses and negative adjusted EBITDA persist, liquidity is limited relative to commercialization needs, and meaningful revenue is expected mainly in 2027–2028. Progress is evident, but financial and execution risks remain.Company Guidance
Major Commercial Wins and Partnerships
Project New Horizon: 5 MW / 50 MWh system at SRP Copper Crossing with Google confirmed as an offtaker and multiyear operational testing; $9.9 million contract awarded from Concurrent Technologies Corporation and the U.S. Air Force Research Laboratory for a deployment at U.S. Clear Space Force Station in Alaska.
Clear Product Positioning — Energy Base
Flagship Energy Base is a 10–22 hour long-duration iron flow system purpose-built for utility-scale, data center, industrial and defense use; engineered for unlimited cycling with 0% capacity degradation over a 25-year life and >98% U.S. domestic content in manufacturing.
Meaningful Cost Reductions and Operational Restructuring
Total operating expenses decreased 33% year-over-year to $29.7 million (from $44.4 million) driven by R&D cuts of $3.5M, sales & marketing down $5.3M, and G&A down $5.9M; management describes these reductions as structural.
Improved Profitability Trajectory on Key Metrics
Gross loss improved 39% to $27.7 million (from $45.4M); net loss improved 26% to $63.4 million (from $86.2M); adjusted EBITDA improved ~38% to a loss of $44.3 million (from a loss of $71.3M), a $27 million improvement year-over-year.
Strengthened IP and Leadership
Acquisition of VoltStorage IP and assets (Feb 2026) deepens patent coverage and adds experienced personnel; appointment of a permanent CFO and a new Chief Commercial Officer (former VoltStorage CCO) strengthens commercial and financial leadership.
Financing and Balance Sheet Actions
Completed $40 million Yorkville financing (received $30M initially; second $10M tranche drawn in Feb 2026), closed a $15 million registered direct offering in Jan 2026 priced at a premium, raised ~$8.6M gross through an ATM, and repaid approximately $28.5M (95%) of the first $30M Yorkville tranche.
GWH 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
GWH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 05, 2026 | $1.36 | $1.30 | -4.41% |
Nov 12, 2025 | $4.40 | $4.25 | -3.41% |
Aug 14, 2025 | $1.71 | $1.74 | +1.75% |
May 15, 2025 | $2.56 | $2.14 | -16.41% |
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 ESS Tech (GWH) report earnings?
ESS Tech (GWH) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is ESS Tech (GWH) earnings time?
ESS Tech (GWH) earnings time is at May 12, 2026, After Close (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 GWH EPS forecast?
GWH EPS forecast for the fiscal quarter 2026 (Q1) is -0.29.