Factorial Energy (NASDAQ:FAC) Issues Quarterly Earnings Results

Factorial Energy (NASDAQ:FAC) posted its quarterly earnings results on Tuesday. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.17, Zacks reports.

Here are the key takeaways from Factorial Energy’s conference call:

• Factorial recorded its first customer revenue in Q3 2026—about $26,000 from initial drone-cell shipments—beating its prior 2027 timeline. Management expects more meaningful commercial revenue in 2027, though it has not provided a specific forecast.
• The company said its aerospace cells reached 450 Wh/kg, about 15% above the cells used in its record-setting drone flight. It is qualifying products with additional customers and sees demand potential as U.S. restrictions on certain foreign battery suppliers approach.
• Factorial is expanding manufacturing capacity and pursuing a capital-light model with industrial partners, including an MOU with SK On to evaluate production across its network. The company also said its pilot-line yield reached about 85%, while acknowledging that the figure excludes coating and that gigafactory-scale yields would need to be higher.
• Q3 gross loss was $1.8 million, largely reflecting an inventory write-down, and management said early production volumes and high material costs mean cells currently cost more to make than expected selling prices. Revenue is expected to remain modest and fluctuate until production programs ramp.
• Factorial lowered its 2026 non-GAAP operating-expense outlook to $36 million–$38 million from about $40 million and cut its capital-expenditure outlook to $10 million–$12 million from about $13 million. Some equipment payments may shift into early 2027, and the company expects higher spending in Q4 as costs move between periods.

Factorial Energy Price Performance

FAC traded down $0.21 on Tuesday, hitting $4.26. The company had a trading volume of 257,584 shares, compared to its average volume of 303,208. The business has a fifty day simple moving average of $5.13. The firm has a market cap of $455.91 million, a price-to-earnings ratio of -6.45 and a beta of 1.17. Factorial Energy has a 52-week low of $3.87 and a 52-week high of $25.33.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FAC shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $18.00 target price on shares of Factorial Energy in a research note on Wednesday, August 12th. Wall Street Zen cut shares of Factorial Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 16th. Oppenheimer began coverage on shares of Factorial Energy in a report on Tuesday, August 25th. They issued an “outperform” rating and a $8.00 price target on the stock. Finally, Weiss Ratings raised shares of Factorial Energy from a “sell (e)” rating to a “sell (d)” rating in a report on Friday, September 25th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.00.

About Factorial Energy

Factorial Energy is a U.S.-based battery technology company developing solid-state batteries for electric vehicles and other energy-storage applications. Its technology is designed to improve energy density, safety and charging performance compared with conventional lithium-ion batteries. The company’s core platform, known as FEST (Factorial Electrolyte System Technology), uses a proprietary solid electrolyte and is intended to be compatible with existing lithium-ion battery manufacturing infrastructure.