Energy Vault — Q3 2026 Earnings Summary

Energy Vault reported third-quarter 2026 revenue of $13.1 million, matching consensus estimates, while its contract backlog grew 147% year-over-year to reach $2.3 billion. The company achieved a GAAP gross margin of 71.0% and an adjusted gross margin of 81.1%, with total cash reserves increasing to $236 million. Strategic milestones included the acquisition of 2.3 GW of U.S. battery energy storage projects from Goshe Energy Storage and securing grid interconnection approval for the Stoney Creek project in Australia. Energy Vault affirmed its full-year 2026 revenue guidance of $290–310 million and provided preliminary 2027 guidance projecting revenue between $600–700 million and adjusted EBITDA between $40–50 million.