Tecogen(DE:2T1)
€1.95+0.42 (+27.86%)
DE:2T1
Tecogen earnings date
€1.95
At close:+0.42 (+27.86%)
Tecogen (2T1) Q3 2026 Earnings Report
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DE:2T1 Q3 2026 EPS Results
- Actual EPS
- -EUR 0.05
- Consensus EPS
- -EUR 0.06
- Beat/Miss
- Beat by +EUR 0.01
- One Year Ago EPS
- -EUR 0.06
DE:2T1 Q3 2026 Revenue Results
- Actual Revenue
- EUR 7.12M
- Expected Revenue
- EUR 5.80M
- Beat/Miss
- Beat by +EUR 1.32M
- YoY Revenue Growth
- +9.62%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/11/2026
- Time
- After Close
- Conference Call
- Wednesday, November 11, 2026
DE:2T1 Upcoming Earnings
Tecogen's next earnings date is estimated for March 11, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
DE:2T1 Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive. Tecogen reported revenue growth, significant Services and Energy Production margin improvements, a backlog exceeding $8 million, improving cash collection, and a new modular dual-power-source product that management believes can scale faster and broaden the company's addressable market. The principal negatives were the continued net loss, higher operating expenses, lower Products gross margin, and uncertainty regarding the timing of data center pilots, shipments, and commercial partnerships.
Company Guidance
Tecogen said its backlog is “more than $8 million,” it is “expecting to collect more than $800 thousand in the next week or 2,” and services are “averaging more than $4.3 million per quarter so far this year,” with service revenue “over $4 million” for “3 quarters in a row”; it also cited project opportunities in the “$2 million to $5 million” range, data-center projects “between $1 million and $5 million,” modular output of “more than 2x” the chiller output, approximately “100 units or so” of chillers with the modular approach able to “double that easily,” and the ability to power “600- or a 900-ton chiller,” including “2” building blocks for a “300-ton chiller” and “4” for a “600-ton” chiller.
- Quarterly Revenue GrowthThird-quarter revenue increased 9.6% to $7.9 million from $7.2 million in the third quarter of 2025. Management also said revenue increased significantly compared with the first and second quarters of 2026, driven mainly by higher Services revenue and increases in Products and Energy Production revenue.
- Gross Profit and Company Gross Margin ExpansionGross profit increased $800 thousand, or 35.3%, to just under $3 million from $2.2 million in the comparable period. Gross margin increased to 37.4% from 30.4%, a 7 percentage-point improvement, largely due to improved Services segment gross margin.
- Growing Product Backlog and Larger CustomersProduct backlog is presently more than $8 million and does not include recurring service contracts for energy services. More than 70% of the backlog is with large property owners, portfolio owners, and large energy services companies. Some customers have begun evaluating additional properties in their portfolios for Tecogen equipment.
- Improved Cash Position and Expected CollectionsManagement said the cash position was higher than at the end of the third quarter, and later described it as flat or slightly higher since the last report. The company expects to collect more than $800 thousand in the next week or two, supported by strong deposit collection and increased revenue.
- New Industrial and Healthcare Project LeadsManagement reported an influx of leads for projects in the $2 million to $5 million range in the industrial and healthcare segments, attributed to recent spikes in utility rates nationwide and increased power shortages.
- Services Segment Revenue GrowthServices revenue increased 13% to $4.5 million from $3.9 million in the third quarter of 2025, driven by increased operating hours for existing and Aegis-acquired service contracts and general price increases. Services revenue has exceeded $4 million for three consecutive quarters and is averaging more than $4.3 million per quarter so far this year.
- Services Margin ImprovementServices gross margin increased to 42.6% from 25.3% in the comparable period, a 17.3 percentage-point improvement, due to decreased labor and material costs. Management said the improvement was most notable in the Greater New York City area and was also seen across the majority of service centers.
- Energy Production Segment ImprovementEnergy Production revenue increased 42% to $0.36 million from $0.26 million, due to increased uptime at certain energy production sites. Energy Production gross margin increased to 60.2% from 34.4%, due to decreased service maintenance costs during the period.
- Small Colocation Data Center PipelineThe smaller colocation data center pipeline includes projects between $1 million and $5 million, which management believes have a high likelihood of closing, subject to expansion plans being approved. The pipeline includes projects ranging from one or two inverters to multiple chillers and sites as large as 15 to 20 megawatts. One customer is reportedly achieving significant utility-bill savings with Tecogen equipment.
- Modular Dual-Power-Source Product LaunchTecogen designed a modular dual-power-source package that can be retrofitted to third-party chillers, dry coolers, and other data center loads. The package integrates power control, heat rejection, emissions control, and microgrid control in a low-noise factory package and is protected by the same patents as the dual-power-source chiller.
- Scalability and Capacity Advantages of the Modular PackageManagement said the modular package can produce more than 2x the output potential of the chiller approach and could more than double the previously discussed output of approximately 100 chiller units. Adding factory capacity would primarily require renting additional assembly space, while the product uses an existing engine platform, power electronics, supply chain, tooling, and labor base.
- Adaptability Across Data Center DesignsThe modular approach can be applied to any chiller or dry cooler size, including 600-, 800-, and 900-ton chillers, and can support future 800-volt architectures. Management said it can be incorporated into existing reference designs with minor modifications, used at sites already in operation or design, and deployed without changing a customer's thermal design.
- Potential Margin and Working-Capital Benefits of the ModuleManagement expects the integrated package to command premium pricing because it requires little on-site installation time and expects to maintain higher margins on the product. Customer deposits could fund more of the material costs, significantly reducing the need for incremental working capital.
- Broader Applications Beyond Data CentersHospitals, campuses, and larger industrial facilities have shown interest in the modular dual-power-source solution. One prospect has already specified the solution into its project. Management said the same package can help customers allocate scarce utility power to revenue-generating assets while reducing operating costs.
- Clean Emissions and Dual-Fuel FlexibilityThe system can dynamically blend natural gas and electric power, use natural gas to maximize power for AI loads, and ride through power outages. Management said its catalyst-based emissions system provides near-zero NOx, CO, and VOCs, and later described emissions as near-zero NOx and very low CO.
- Existing Data Center ValidationManagement said one data center installation is operating very well and that there are a couple of other systems powering data center loads operationally. These reference sites are helping reduce customer concerns about deploying the technology, although customers are now focused on whether Tecogen can scale delivery.
- Service Revenue Opportunity on New EquipmentManagement said the current product backlog, including chillers for industrial, hospital, and commercial-building customers, carries an associated service opportunity. Every unit sold is expected to increase service revenue, with chillers supporting 24/7 service and premium pricing; the new power module is expected to have a similar service component.
- Demand for Distributed and On-Site Power SolutionsManagement is seeing larger data centers consider on-site generation, smaller sites, and the use of existing approved utility capacity. The company said its equipment can help customers use available electric power for computing, trim peak loads with distribution-level natural gas, and avoid some of the utility requirements associated with conventional power generation.
DE:2T1 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 11, 2027 | 2026 (Q4) | -0.06- | -0.12 | ― | ― |
| Nov 11, 2026 | 2026 (Q3) | -0.06-0.05 | -0.06 | 28.57% (+0.02) | |
| Aug 12, 2026 | 2026 (Q2) | -0.08-0.06 | -0.05 | -16.67% (-0.01) | |
| May 12, 2026 | 2026 (Q1) | -0.09-0.06 | -0.02 | -169.23% (-0.04) | |
| Mar 17, 2026 | 2025 (Q4) | -0.09-0.12 | -0.04 | -217.07% (-0.08) | |
| Nov 12, 2025 | 2025 (Q3) | -0.05-0.06 | -0.04 | -75.00% (-0.03) | |
| Aug 12, 2025 | 2025 (Q2) | ―-0.05 | -0.05 | 0.00% (+0.00) | |
| May 12, 2025 | 2025 (Q1) | ―-0.02 | -0.04 | 35.00% (+0.01) | |
| Mar 17, 2025 | 2024 (Q4) | ―-0.04 | -0.06 | 41.43% (+0.03) | |
| Nov 14, 2024 | 2024 (Q3) | ―-0.04 | -0.02 | -100.00% (-0.02) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
