Fermi Q2 FY26 net loss widens to $25.81 million

Reuters2026/08/13 11:01

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Fermi posted a net loss of $25.81 million, or $0.04 a share, in Q2 2026.
General and administrative expense rose to $26.76 million; operating loss widened to $26.76 million.
Cash and restricted cash fell to $91.7 million as of June 30; property, plant and equipment reached $1.55 billion.
Debt climbed to $520.09 million; the company issued $431 million of 5.00% Convertible Senior Notes due 2031 after quarter-end.
Signed a 15-year binding lease with TensorWave for 222 MW at Project Matador, targeting about $6.5 billion of total revenue.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fermi Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608130700ACCESSWRNAPR_____1206777) on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Fermi Q2 FY26 net loss widens to $25.81 million

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