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ERock (NYSE: EROC) reported Q2 2026 results featuring a record contracted power system sales backlog of approximately $1.7 billion, about 10x year-over-year, driven mainly by AI data center demand. The company executed a 470 MW equipment purchase order with Anthropic, extending production commitments into 2028, and began assembly operations at its Hyperion manufacturing facility in Houston.
Q2 2026 total revenues were $39.9 million (vs. $68.5 million in Q2 2025), with gross margin of 18.6% and Adjusted Gross Margin of 22.2%. Adjusted EBITDA was a loss of $14.0 million, and net loss was $67.7 million, including a $48.8 million loss on debt extinguishment. Annualized recurring service revenue reached $23.6 million and installed base grew to 1,104 MW.
ERock completed an IPO of about 27.9 million Class A shares on June 11, 2026, raising roughly $400 million in gross proceeds. As of June 30, 2026, the company held $626.6 million in unrestricted cash, had no outstanding debt, and an undrawn $250 million credit facility. For full-year 2026, ERock guides revenue of $435–$465 million and Adjusted EBITDA of $3–$9 million, implying about 2.5x year-over-year revenue growth at the midpoint.
ERock (NYSE: EROC) will release its second quarter 2026 financial results for the period ended June 30, 2026 after market close on Tuesday, August 11, 2026. Management will host a conference call on Wednesday, August 12, 2026 at 8:30AM ET / 7:30AM CT, accessible via webcast and dial-in.
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