Stem's Q1 2026: Solid Earnings & Growth

Stems Q1 2026 earnings showcase solid performance despite a slow start, with revenue at $29M, down 11% from last year due to skipped battery hardware sales. However, core software, services, and edge hardware grew 4%, with PowerTrack software surging 16%. The company posted its first positive adjusted EBITDA in a first quarter at $2M. Gross margins soared to 52% non-GAAP, driven by software-heavy mix and cost cuts. Cash operating expenses dropped 30% YoY, and nearly 70% of employees use AI tools for productivity. Customers appreciate upgrades like raicoon for automated fault detection and PowerTrack Sage AI assistant. Managed services brought in $7M, and a Hungary deal validates their energy storage push. Bookings at $27M saw utility-scale more than double QoQ, with contracted backlog up 8%. International revenue is 5% but set to grow with Europe projects. Stem reaffirmed full-year guidance: revenue $140-190M, adjusted EBITDA $10-15M. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/38a861a7fae3da26