The financials
Ormat Technologies, Inc. by the numbers
Ormat Technologies, Inc. (ORA) reported revenue of $259M in Q2 2026 (quarter ended June 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 2026-Q1 was Electricity at $182M, 48% of the disclosed total, just ahead of TOPP2 Power Plant at 28%.
| 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 | $182M | 48% |
| TOPP2 Power Plant | $105M | 28% |
| Accounted For Under Asc606 | $48M | 13% |
| Energy Storage | $45M | 12% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $379.8M (+73%)
Energy Storage grew +153% year on yearElectricity +0.76% year on year
Segment Latestquarter on quarteryear on year
- Electricity$181.6M$181.6MQoQ +8.7%year on year +0.76%+8.7%+0.76%
- TOPP2 Power Plant$105.1M$105.1MQoQ -year on year ---
- Accounted For Under Asc606$48.2M$48.2MQoQ +49%year on year +20%+49%+20%
- Energy Storage$44.9M$44.9MQoQ +121%year on year +153%+121%+153%
Utilities - Renewable
Ranks #5 of 5 by Smart Score