Eos Energy Enterprises Inc. (NASDAQ:EOSE) said Wednesday it expects to deliver record second-quarter revenue and backlog as higher production and strong commercial demand continue to support growth.
Following the announcement, the stock jumped nearly 10%. The company announced its preliminary results ahead of its full earnings release on August 5.
Eos expects second-quarter revenue of $68 million to $69 million, the highest quarterly revenue in its history. Shipments more than tripled from a year earlier, while first-half 2026 revenue exceeded the company’s total revenue for all of 2025.
The company also expects a record backlog of about $807 million as of June 30, up roughly 25% from the previous quarter. New orders exceeded quarterly shipments, reflecting continued customer demand and improving revenue visibility.
Total cash, including restricted cash, is expected to reach about $364 million, while customer collections of approximately $78 million surpassed quarterly revenue.
Battery Line 2 Boosts Production Capacity
Eos expects a gross margin loss of 69% to 73% as it ramps production. The company began commercial production on Battery Line 2 during the quarter, operating two commercial production lines across two manufacturing facilities.
Although start-up costs and lower initial production volumes are weighing on near-term margins, management said the expansion should improve unit economics over time.
“Our preliminary second quarter results reflect a quarter of disciplined execution and continued progress across the business,” CEO Joe Mastrangelo said.
“We expect to deliver record quarterly revenue and record backlog, demonstrating that the investments we have made in our manufacturing platform continue to translate into stronger topline and commercial performance.”
Eos Energy Price Action
EOSE Stock Price Activity: Eos Energy Enterprises shares were up 9.38% at $4.780 during premarket trading on Thursday, according to Benzinga Pro data.
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