Investing.com — ERock, Inc. () shares surged 14.2% in after-hours trading Tuesday following the company’s second quarter results and the announcement of a 470 MW equipment purchase order from Anthropic that extends production commitments into 2028.
The onsite power solutions provider reported second quarter revenue of $39.9 million, down 42% YoY from $68.5 million in the prior year period. The company posted a loss of -$0.06 per share for the quarter ended June 30, 2026. ERock’s contracted power system sales backlog reached approximately $1.7 billion, up 10x YoY, driven primarily by accelerating demand from AI data center customers.
“We secured a 470 MW equipment purchase order from Anthropic, increasing our Contracted Power System Sales Backlog to approximately $1.7 billion and extending our production commitments into 2028,” said John Carrington, Chief Executive Officer of ERock.
For full-year 2026, ERock issued guidance of $435 million to $465 million in revenue and adjusted EBITDA of $3 million to $9 million. The midpoint of the revenue guidance represents approximately 2.5x YoY growth.
The company began assembly operations at its Hyperion manufacturing facility in Houston during the quarter, significantly expanding production capacity. ERock also commenced construction of a 366 MW generation facility for El Paso Electric supporting Meta’s data center campus.
Following its June 11 initial public offering, ERock ended the quarter with $626.6 million in unrestricted cash, no outstanding debt and an undrawn $250 million credit facility.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.