Financial Performance - Q2 2025 diluted EPS was $3.18, exceeding the high end of the previous earnings call forecast[6, 29] - Q2 2025 gross cash was $1.2 billion and net cash was $0.6 billion[29] - Net sales for Q2 2025 reached $1097 million, a $87 million increase year-over-year[23] Module Production and Sales - 3.6 GW of modules were sold in Q2 2025, surpassing the midpoint of the previous earnings call forecast[6] - Total production reached 4.2 GW, with 2.4 GW in the U S and 1.8 GW internationally[6] - The company booked 2.1 GW in July 2025, contributing to a total bookings backlog of 64.0 GW extending through 2030[30] Market and Policy Environment - The company anticipates the implementation of revised tariffs effective August 1, 2025[30] - Total booking opportunities amount to 83.3 GW, with 20.1 GW in the mid-to-late stage[30] - The company assumes the sale of 2025 Section 45X tax credits from nearly all U S facilities[30] 2025 Guidance - The company expects module sales to be between 5.0 and 6.0 GW in the third quarter[27] - The company forecasts advanced manufacturing production tax credit to be between $390 million and $425 million in the third quarter[27] - The company forecasts third quarter earnings per diluted share between $3.30 and $4.70[27]

Financial Performance & Guidance - Fluence raised its FY23 revenue guidance to $2000-2100 million[47], and expects to be close to Adjusted EBITDA breakeven in Q4 FY23[52] - The company reaffirms expected 35-40% revenue growth in FY24[53] - Q3'23 revenue was $536 million[41], with an Adjusted Gross Profit Margin of 44%[41] compared to a negative 11% in Q3'22[42] - The company ended Q3'23 with $416 million in total cash[52] Order Intake & Pipeline - Q3'23 order intake was $565 million[41], including 14 GWh of solutions, 015 GWh of services, and ~1 GW of digital[41] - The contracted backlog as of June 30 was $29 billion[41] - The pipeline experienced a significant increase of ~$12 billion quarter-over-quarter[57] Strategic Objectives & Supply Chain - Fluence secured a US battery cell supply agreement with AESC to procure US manufactured battery cells[50] - The company is on track to meet its commitments and has secured US battery supply[47] - All FY23 battery needs are in country or in transit, providing high confidence for execution and achieving guidance[64] Products and Services - Fluence has been awarded a cumulative 650 MWs for Energy-Storage-as-Transmission[91] - The company launched its predictive maintenance feature for battery energy storage on its Nispera application[50]