EarningsQ2 2026 Earnings Report
DE:5E2 Q2 2026 EPS Results
Actual EPS-€0.05
Consensus EPS-€0.02
Beat/MissMissed by -€0.04
One Year Ago EPS€0.04
DE:5E2 Q2 2026 Revenue Results
Actual Revenue€10.65M
Expected Revenue€16.30M
Beat/MissMissed by -€5.65M
YoY Revenue Growth-57.24%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
DE:5E2 Upcoming Earnings
Energy Recovery's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:5E2 Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture: management highlights strong long-term fundamentals (a multi-year MPD pipeline, product launches like the PX Q650, demonstrated energy savings, modest capex needs, and operational discipline) but also emphasizes significant near-term headwinds from geopolitical conflict that have caused formalized project delays, reduced visibility, softer wastewater results, and an inability to provide 2026 guidance. Margin benefits from the new Saudi facility and product launches are expected but will accrue gradually rather than immediately.Company Guidance
Strong Long-Term Pipeline and Forward Visibility
Management describes the MPD pipeline as "uniquely strong" with forward visibility extending up to 5 years and named projects and customers identified; long-term market structural growth characterized as high single digits.
Backlog Provides Multi-Year Support
Disclosed backlog of $27 million, with management emphasizing that backlog underpins strength in 2027 and beyond even if near-term timing is uncertain.
PX Q650 Product Launch and Early Commercial Uptake
PX Q650 has been launched and management reports commercial uptake with deals inked for both small and large applications; product expected to strengthen competitive position and future revenue/margin potential as it scales.
Low-Pressure PX Energy Savings Demonstrated
Low-pressure PX devices delivered energy savings of approximately 23% and 25% in real-world wastewater applications, expanding the total addressable market (TAM) for wastewater use cases.
OEM and Aftermarket Business Expected to Be Resilient
Management expects OEM and aftermarket/O&M revenue to remain resilient for the full year despite some H1 choppiness tied to geopolitical events.
Saudi Arabia Manufacturing Facility to Improve Margins Over Time
New leased facility in Saudi Arabia is strategically positioned to reduce freight/shipping and procurement costs and provide margin improvement gradually as the site ramps in 2027–2028 and new products (e.g., Q650) scale.
Limited Capital Expenditure Requirements
Capital spending guidance remains modest at $3 million to $6 million for the year; incremental Saudi facility capex is described as limited (equipment and fixed assets rather than greenfield construction).
Operational Discipline and Manufacturing Transformation
Management emphasizes continued capital discipline, overhead efficiency improvements, and an ongoing manufacturing transformation intended to reduce operating costs and improve margins over time.
DE:5E2 Earnings History
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