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Gotrade News - ERock (EROC) reported third-quarter 2026 total revenues of $152.767 million, up from $37.152 million a year earlier, and net income of $8.9 million, according to ERock's official release filed with the SEC on Thursday, November 12, 2026, at 7:48 a.m. ET. The company also reaffirmed its full-year 2026 guidance.
Regular-session close on November 12, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com.
ERock Earnings Details
According to the release, total revenues for the quarter ended September 30, 2026 were $152.767 million, compared with $37.152 million in the third quarter of 2025 and $39.878 million in the second quarter of 2026. Power system sales revenues were $136.31 million, against $26.463 million a year earlier, while ongoing services revenues were $16.457 million, against $10.689 million.
Net income was $8.9 million, compared with a net loss of $19.768 million in the third quarter of 2025. Adjusted EBITDA, a non-GAAP measure, was $12.6 million, and gross margin was 22.9%, against 9.0% a year earlier. The company said the growth came from increased generator production and installation activity.
ERock reaffirmed its full-year 2026 guidance of revenue of $435 million to $465 million and Adjusted EBITDA of $3 million to $9 million. The company said the midpoint of its revenue outlook represents approximately 2.5x year-over-year growth, and Chief Financial Officer Ian Blakely said the company expects "continued revenue and profitability growth in the fourth quarter."
Why It Matters for EROC
Blakely said the third quarter "marked an inflection point," describing it as the company's "first profitable quarter as a public company." ERock reported a contracted power system sales backlog of about $1.6 billion at the end of the quarter, compared with about $0.1 billion a year earlier, and said it added power system sales bookings of over $300 million after the quarter closed, pushing backlog to a new record.
Chief Executive Officer John Carrington said construction has begun on the 366 MW El Paso Electric generation facility supporting Meta's data center campus, a project he said remains on track for completion in mid-2027. The company said it is expanding manufacturing capacity by 900 MW per year with a new facility in Houston called Atlas, bringing run-rate capacity to 2.1 GW per year in 2028. ERock ended the quarter with $549 million of unrestricted cash, no outstanding debt and an undrawn $250 million credit facility.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
