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Hut 8 (HUT)
NASDAQ:HUT
Earnings Data
Report Date
May 20, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.29Last Year’s EPS
-1.32Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong operational momentum: meaningful revenue growth (45% FY), substantial compute segment expansion (+150.7% YoY), gross margin improvement, a validated River Bend execution plan, an 8.5 GW development pipeline, strategic AI partnerships, and improving project financing. Offsetting these positives were a sizable net loss and adjusted EBITDA deterioration driven mainly by a $220M unrealized Bitcoin markdown, declines in power and digital revenues due to contract terminations, higher G&A/stock-based comp as the company scales, and ongoing execution/financing and regulatory risks tied to large projects. Overall, the company presents improving commercial and financing foundations but faces near-term earnings volatility and project execution risk.Company Guidance
Revenue Growth and Margin Expansion
Total revenue grew 45% year-over-year to $235.1M while cost of revenue rose 24% to $107.8M, driving gross margin expansion from 47% to 54%. Q4 2025 vs Q4 2024 revenue increased 179% with gross margin expanding from 36% to 60% (a +24 percentage point improvement).
Compute Segment Surge
Compute revenue increased to $202.3M from $80.7M, a +150.7% increase year-over-year, driven by infrastructure upgrades, higher deployed hash rate and a full year of Highrise AI contribution ($7.4M). Compute segment margins expanded from 44% to 61%.
Strategic Transactions, Partnerships and Repositioning
Completed carve-out of legacy Bitcoin mining (American Bitcoin), executed first AI data center transaction (Fluidstack/Anthropic), and announced a strategic partnership with Anthropic. Institutional ownership rose from sub-10% to ~70%, reflecting stronger investor credibility.
River Bend Execution and Large Development Pipeline
River Bend construction tracking to plan with first data hall expected in early Q2 and subsequent halls every ~60 days; 1 GW expansion plan validated by Entergy (power available). Company reports an 8.5 GW development pipeline across various stages.
Financing Progress and Capital Structure Evolution
Shifted from high-CapEx bitcoin mining model to long-duration infrastructure contracts. Secured project financing engagement with JPMorgan and Goldman Sachs with improved terms (targeted financing moved to ~90% LTC at SOFR+240). Management indicates minimal parent-recourse debt once Coatue note converts.
Infrastructure Innovation and Cost Efficiency
Delivered Vega 180 kW direct liquid-to-chip design and reported a development cost benchmark of ~$455,000 per MW from scratch. Co‑development with Vertiv and Jacobs emphasizes value engineering and aims to lower cost per MW and improve repeatability.
HUT 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
HUT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $59.19 | $55.30 | -6.57% |
Nov 04, 2025 | $55.00 | $48.11 | -12.53% |
Aug 07, 2025 | $20.69 | $20.02 | -3.24% |
May 08, 2025 | $12.66 | $14.17 | +11.93% |
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 Hut 8 (HUT) report earnings?
Hut 8 (HUT) is schdueled to report earning on May 20, 2026, Before Open (Confirmed).
What is Hut 8 (HUT) earnings time?
Hut 8 (HUT) earnings time is at May 20, 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 HUT EPS forecast?
HUT EPS forecast for the fiscal quarter 2026 (Q1) is -0.29.