Ormat Q1 2026 revenue rises 75.8% to $403.9 million; net income up 9.2%
Ormat Technologies reported first-quarter 2026 results, with total revenues up 75.8% to $403.9 million and net income attributable to stockholders up 9.2% to $44.1 million. Growth was led by the Energy Storage and Product segments, partly offset by $38.0 million of one-time pre-tax expenses, and the company reiterated its 2026 full-year guidance. GAAP profit grew far more slowly than revenue, and adjusted diluted EPS of $1.30 excludes those one-time items.
Key points
- Total revenues were $403.9 million versus $229.8 million a year earlier; Product segment revenue rose 458.4%, including $105.1 million recognized on the Topp 2 sale.
- GAAP diluted EPS was $0.71 versus $0.66; adjusted diluted EPS was $1.30 versus $0.68, excluding $38.0 million of one-time pre-tax expenses.
- 2026 guidance was reiterated: total revenues of $1,110 million to $1,160 million and adjusted EBITDA of $615 million to $645 million.
- The board declared a quarterly dividend of $0.12 per share, payable June 3, 2026, to holders of record on May 20, 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.