ITM Power Plc (ITM) Earnings Call Transcripts

ITM Power Plc's Latest Earnings Call - April 9, 2026

In Q2 FY2026, ITM Power Plc announced significant backing from the U.K. government, including a GBP 40 million equity investment and a GBP 46.5 million grant, which could positively impact the stock. This support aims to enhance ITM's manufacturing capabilities for its next-generation Chronos stack platform. Revenue guidance for FY2026 remains between GBP 40 million and GBP 43 million, with EBITDA loss guidance unchanged at GBP 27 million to GBP 29 million. However, cash guidance has been raised to GBP 210 million to GBP 215 million due to the government investment.

Reported metrics

Guidance from management

Management maintained revenue and EBITDA guidance for FY2026 but increased cash guidance due to a GBP 40 million investment from Great British Energy.

What analysts pressed on

Analysts expressed concerns about the timeline for the Chronos stack platform's commercial release, as management did not provide a specific release date. There were also questions about the competitive landscape and ITM's ability to maintain its market position.

Main topics on the call

• Government Support — The U.K. government has committed GBP 86.5 million to ITM Power, consisting of a GBP 40 million equity investment and a GBP 46.5 million grant. This is seen as a 'strong vote of confidence' in ITM's technology and delive...
• Chronos Stack Platform — The Chronos stack platform is set to deliver 'significant improvements in cost effectiveness and energy efficiency,' with a 40% cost reduction and a 10% efficiency improvement targeted. The platform has undergone rigorou...
• Revenue Growth — ITM Power has experienced over 700% revenue growth over three years, with a strong sales pipeline and firm contract backlog continuing to grow.
• Product Portfolio — ITM's product range, including NEPTUNE and ALPHA, offers modular solutions from 2 to 50 megawatts. The NEPTUNE V is priced at EUR 5 million and is the most popular product.

Read the full ITM Power Plc transcript (April 9, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 11 ITM Power Plc earnings call transcripts on record, spanning September 13, 2021 to April 9, 2026. Based on this history, ITM Power Plc reports semi-annually. The most recent call on file is dated April 9, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ITM

Exchange

AIM

Country

GB

Sector

Industrials

Industry

Electrical Equipment

Calls on record

11

First call

September 13, 2021

Most recent

April 9, 2026

Reporting cadence

semi-annually