The financials
Ormat Technologies, Inc. by the numbers
Ormat Technologies, Inc. (ORA) reported revenue of $259M in Q2 2026 (quarter ended Jun 30, 2026), up 11% from the same quarter a year earlier. That came with a gross margin of 27% and net income of $27M (10% of revenue). For the full year FY2025, revenue was $990M (+12% year on year) and net income $124M. Its largest product in Q2 2026 was Electricity at $169M, 65% of the disclosed total, well ahead of Accounted For Under Asc606 at 19%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $259M | $234M | +11% |
| Gross profit | $69M | $57M | +21% |
| Operating income | $34M | $35M | −3.2% |
| Net income | $27M | $28M | −3.4% |
| Diluted EPS | $0.43 | $0.46 | −6.5% |
| Product | Revenue | Share |
|---|---|---|
| Electricity | $169M | 65% |
| Accounted For Under Asc606 | $49M | 19% |
| Energy Storage | $43M | 16% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $260.8M (-31%)
Energy Storage grew +195% year on yearElectricity +5.8% year on year
Segment Latestquarter on quarteryear on year
- Electricity$169.3M$169.3MQoQ -6.8%year on year +5.8%-6.8%+5.8%
- Accounted For Under Asc606$48.8M$48.8MQoQ +1.2%year on year +55%+1.2%+55%
- Energy Storage$42.8M$42.8MQoQ -4.8%year on year +195%-4.8%+195%
Utilities - Renewable
Ranks #4 of 5 by Smart Score