EX-99.1 2 tm2614034d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Plug Power Reports Strong Q1 2026 Results with 22% Revenue Growth and 71% Margin Improvement Year over Year SLINGERLANDS, N.Y., May 11, 2026 - Plug Power Inc., a global leader in hydrogen solutions, today reported results for the first quarter of 2026, delivering strong revenue growth, meaningful margin improvement, and continued progress toward profitability. The Company exceeded its expectations on revenue and delivered its margin and EPS targets for the quarter. This performance reflects disciplined execution across Plug’s integrated hydrogen platform, improving unit economics, and continued demand across core markets. Q1 2026 Financial Highlights Revenue increased 22% year-over-year to $163.5 million, reflecting growth across material handling and electrolyzer businesses GAAP gross margin improved to (13%) from (55%) in the prior-year period, representing a 71% improvement in overall margin and a 42 percentage point improvement in the margin rate year-over-year, driven by sales growth, cost optimization, improved service execution, and fuel sourcing efficiencies Q1 2026 GAAP EPS was ($0.18), i…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Plug Power, Inc.
PLUGNASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On May 11, 2026, Plug Power Inc., a Delaware corporation (the “Company”), issued a press release regarding its financial results for the first quarter ended March 31, 2026. A copy of the press release is furnished herewith as Exhibit 99.1.…
Company context
Plug is building the global hydrogen economy with a fully integrated ecosystem spanning production, storage, delivery, and power generation. A first mover in the industry, Plug provides electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure to industries such as material handling, industrial applications, and energy producers, advancing energy independence and decarbonization at scale.