Plug Power Inc. Q2 2026 Earnings Call Summary

Plug Power management attributed sequential improvements in gross margins to its ‘Quantum Leap’ restructuring program, which enhanced operational discipline throughout the organization. Revenue growth of 9% on a sequential basis was primarily supported by an accelerating commercial engine, with particular strength in the material handling segment where GenDrive deployments experienced more than double the year-over-year growth rate.
Service margins expanded to 27%, benefiting from i