NASDAQ$NKLAQ
Nikola Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported record sales of hydrogen fuel cell electric trucks and increased FCEV fleet adoption.
Nikola Corporation reported third-quarter results with record sales of hydrogen fuel cell electric trucks, a 78% increase in FCEV fleet adoption year-to-date, and a nearly 350% increase in hydrogen fuel dispensed at commercial stations year-to-date. The company delivered 88 FCEVs to its dealer network, up 22% from last quarter, and reiterated its year-end FCEV volume guidance of 300-350 trucks.
- Record 88 wholesale deliveries of hydrogen fuel cell electric trucks in Q3, up 22% quarter over quarter.
- FCEV Fleet adoption up 78% year-to-date, with 16 end fleets deploying Nikola FCEVs, 32 distinct end fleets across both powertrains.
- Expanded dealer network for the first time since launch of the FCEV.
- Reiterating year-end volume guidance of 300-350 FCEVs.
Headline financials
Revenue & EPS history
Nikola · Revenue · Quarterly
$25.2M
Revenue by segment
Nikola · $36K total across 1 segment · Q2 2020
- Solar Revenues$36K—100.0%
Forward guidance
Nikola reiterated its FCEV volume guidance of 300-350 trucks by year-end and expects to deliver 10 HYLA fueling solutions by year-end.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 13 quarterly earnings reports · overlaid with Q3 2024
+211.7%
Avg return
Earnings day
-12.0%
Avg return
5 days after
-20.4%
Avg return
30 days after
41%
11 / 27 earnings
Positive
+2900.0%
Q3 2019
Best reaction
-29.7%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2024 | +3.3% | -24.1% | -1.9% | |
| Q3 2024 | -11.1% | -24.4% | -54.2% | |
| Q2 2024 | +2.8% | -1.0% | -32.3% | |
| Q1 2024 | -9.1% | -10.3% | -20.8% | |
| Q4 2023 | +8.8% | +8.1% | -5.8% | |
| Q3 2023 | +8.6% | -1.0% | -6.8% | |
| Q2 2023 | -29.7% | -43.0% | -65.6% | |
| Q1 2023 | -18.8% | -22.4% | -38.9% | |
| Q4 2022 | -4.7% | -4.8% | -36.1% | |
| Q3 2022 | -10.3% | -15.1% | -13.9% | |
| Q2 2022 | +7.6% | -7.1% | -29.8% | |
| Q1 2022 | -6.3% | -22.7% | -7.4% | |
| Q4 2021 | +15.7% | +12.0% | +48.4% | |
| Q3 2021 | +3.4% | — | — | |
| Q2 2021 | -5.2% | — | — | |
| Q1 2021 | +11.0% | — | — | |
| Q4 2020 | -14.5% | — | — | |
| Q3 2020 | -7.9% | — | — | |
| Q2 2020 | -4.0% | — | — | |
| Q1 2020 | -3.6% | — | — | |
| Q4 2019 | -20.0% | — | — | |
| Q3 2019 | +2900.0% | — | — | |
| Q2 2019 | +2900.0% | — | — | |
| Q1 2019 | +0.0% | — | — | |
| Q4 2018 | +0.0% | — | — | |
| Q3 2018 | +0.4% | — | — | |
| Q2 2018 | +0.0% | — | — |
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