NYSE$ORA

Ormat Technologies Inc. · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Ormat Technologies reported Q1 2026 total revenues of $403.9M and net income of $44.6M.

Ormat generated Q1 2026 total revenues of $403.9 million versus $229.8 million, with net income of $44.6 million compared with $41.0 million. Geothermal and energy-storage projects drove the revenue increase; the company remains focused on renewable baseload power.

  • Total revenues $403.9M (+76% YoY).
  • Net income $44.6M (+9%).
  • Geothermal and storage segment growth.
  • Project backlog and development pipeline.
  • Energy segment revenue mix shifting.

Headline financials

Total Revenue

$404M

Previous: $230M+75.8%
EPS (adj)

$0.71

Previous: $0.49+44.9%
Capital Expenditures

-$114M

Previous: -$193M+40.9%
Net Income

$44.1M

Previous: $40.4M+9.2%
Operating Income

$80.3M

Previous: $36.5M+119.9%
Gross Profit

$120M

No prior period

Revenue & EPS history

Ormat · Revenue · Quarterly

$404M

Q1 2026+75.8%vs Q1 2025
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Ormat · $208M total across 3 segments · Q3 2023

  • Electricity
    $157M-11.2%
  • Product
    $39.8M+180.3%
  • Energy Storage
    $11M+25.0%

Forward guidance

Renewable developer discusses project COD schedules, storage deployments, and tax credits.

Tailwinds

  • Revenue surge on project timing and storage.
  • Profitable quarter with growth investments.

Headwinds

  • Project execution and permitting delays possible.
  • Commodity and PPA pricing risk.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-0.2%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+1.0%

Avg return

30 days after

56%

37 / 66 earnings

Positive

+11.1%

Q2 2019

Best reaction

-16.8%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.4%+9.8%+22.0%
Q4 2025-9.3%-9.4%-4.3%
Q3 2025+1.1%+5.2%+4.1%
Q1 2025+2.3%+1.5%+7.6%
Q4 2024+1.0%+1.9%+3.3%
Q3 2024+1.5%+2.4%-3.5%
Q2 2024-0.4%-0.4%+1.3%
Q1 2024+1.3%+3.8%+8.7%
Q4 2023-4.3%-4.5%-0.8%
Q3 2023-2.9%-8.4%+9.7%
Q2 2023-2.6%-1.9%-4.3%
Q1 2023-1.4%-0.8%+3.7%
Q4 2022-7.5%-5.3%-9.1%
Q3 2022+7.2%+11.8%+0.8%
Q2 2022+3.3%+2.4%+5.1%
Q1 2022+0.8%+0.1%+7.6%
Q4 2021+7.5%+10.3%+22.0%
Q3 2021+3.4%+5.8%+4.8%
Q2 2021-1.9%-6.5%+0.4%
Q1 2021+0.3%-5.4%-1.8%
Q4 2020-12.6%-18.1%-27.2%
Q3 2020-6.3%+4.6%+5.7%
Q2 2020+2.1%+1.6%+0.2%
Q1 2020+8.3%+3.7%+12.7%
Q4 2019-12.8%-16.3%-19.8%
Q3 2019+1.0%-1.4%+0.9%
Q2 2019+11.1%+9.7%+11.5%
Q1 2019+3.2%+4.5%+3.9%
Q4 2018-5.1%-1.4%-2.8%
Q3 2018-2.9%-3.3%-1.2%
Q2 2018-6.9%-3.1%-1.2%
Q1 2018-7.1%-5.4%-14.1%
Q4 2017-9.4%-11.6%-9.9%
Q3 2017-2.6%-2.8%-2.8%
Q2 2017-4.3%-5.1%-5.3%
Q1 2017-0.7%-1.8%+2.8%
Q4 2016+4.3%+2.1%+0.6%
Q3 2016-0.0%-1.7%+3.4%
Q2 2016+5.7%+4.4%+5.9%
Q1 2016+1.6%
Q4 2015+3.0%
Q3 2015+0.7%
Q2 2015-5.6%
Q1 2015+0.2%
Q4 2014+4.1%
Q3 2014-0.8%
Q2 2014-3.5%
Q1 2014+8.1%
Q4 2013+3.7%
Q3 2013+2.3%
Q2 2013+4.6%
Q1 2013+1.6%
Q4 2012-5.7%
Q3 2012-3.6%
Q2 2012+9.4%
Q1 2012+8.8%
Q4 2011+2.1%
Q3 2011-0.5%
Q2 2011-16.8%
Q1 2010+2.1%
Q1 2011+2.1%
Q4 2008-1.2%
Q4 2010-1.2%
Q3 2010+0.1%
Q4 2009+0.7%
Q2 2010+0.7%

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