EROC

EX-99.1

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EX-99.1

EX-99.1

ERock Reports Second Quarter 2026 Results

Record Backlog Reaches Approximately $1.7 billion, Up 10x Year-Over-Year

470 MW Anthropic Order Extends Production Commitments Into 2028

HOUSTON - August 11, 2026 - ERock, Inc. (NYSE: EROC) ("ERock" or the "Company"), a leading provider of utility-grade onsite power solutions, today reported financial and operating results for the second quarter ended June 30, 2026, highlighted by record contracted backlog, accelerating demand from AI infrastructure customers, expanded manufacturing capacity and the initiation of full-year 2026 guidance.

Business Highlights

• Contracted Power System Sales Backlog increased to approximately $1.7 billion, up 10x year-over-year, driven primarily by accelerating demand from AI data center customers.

• Executed a 470 MW equipment purchase order with Anthropic, further validating ERock's position as a leading provider of utility-grade onsite power solutions for AI infrastructure and extending production commitments into 2028.

• Began assembly operations at Hyperion facility. The Houston manufacturing expansion significantly increases ERock's capacity to support contracted customer deliveries.

• Commenced construction of the 366 MW El Paso Electric generation facility, supporting Meta's data center campus.

• Successfully completed an initial public offering of approximately 27.9 million shares of Class A common stock on June 11, 2026, raising approximately $400 million in gross proceeds to the Company.

• Ended the quarter with strong liquidity, including $626.6 million of unrestricted cash, no outstanding debt and an undrawn $250 million credit facility as of June 30, 2026.

Management Commentary

"The second quarter marked another important milestone for ERock. 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. We believe AI infrastructure is fundamentally reshaping power markets, and the need for rapid, utility-grade power continues to accelerate," said John Carrington, Chief Executive Officer of ERock. "To meet that demand, we began assembly operations at our Hyperion manufacturing facility, significantly expanding our production capacity as we execute against record contracted orders. We also commenced construction of the 366 MW El Paso Electric project supporting Meta's data center campus, demonstrating our ability to deliver increasingly large-scale power infrastructure. Our focus remains on safe execution, on-time delivery, disciplined manufacturing expansion and converting our growing backlog into sustained revenue and earnings growth."

Ian Blakely, Chief Financial Officer of ERock, added, "We believe that our second quarter results position us for a meaningful acceleration in the second half of 2026. We expect significantly higher generator deliveries and installations as we execute on multiple large customer projects, which is anticipated to drive substantial growth in revenue and Adjusted EBITDA. Following our IPO, we ended the quarter with $626.6 million of unrestricted cash, no outstanding debt and an undrawn $250 million credit facility. Combined with our expanded manufacturing footprint and record contracted backlog, we believe we are well positioned to execute on the substantial demand we see across AI infrastructure, utilities and other critical power markets."

Outlook

The Company is introducing the following full-year 2026 guidance.

• Revenue: $435 million to $465 million

• Adjusted EBITDA*: $3 million to $9 million

At the midpoint, the revenue outlook represents approximately 2.5x year-over-year growth.

* Non-GAAP measure. See reconciliations in the section titled “Non-GAAP Financial Measures” below.

Summary of Key Financial Metrics

Three Months Ended

(dollars in thousands)

Q2 2026

Q1 2026

Q2 2025

Power system sales revenues

$

26,514

$

15,922

$

57,396

Ongoing services revenues

13,364

15,814

11,062

Total revenues

39,878

31,736

68,458

Total cost of revenues, excluding depreciation and amortization

31,138

25,243

52,426

Depreciation and amortization expense

1,308

1,301

808

Gross Profit

$

7,432

$

5,192

$

15,224

Gross Margin

18.6

%

16.4

%

22.2

%

Adjusted Gross Profit*

$

7,432

$

5,192

$

15,100

Adjusted Gross Margin*

22.2

%

20.7

%

23.6

%

Adjusted EBITDA*

$

(13,982

)

$

(12,417

)

$

3,581

Adjusted EBITDA Margin*

(35.1

%)

(39.1

%)

5.2

%

Net Loss

$

(67,719

)

$

(17,212

)

$

(7,985

)

* Non-GAAP measure. See reconciliations in the section titled “Non-GAAP Financial Measures” below.

(dollars in thousands)

Q2 2026

Q1 2026

Q2 2025

Contracted Power System Sales Backlog

~$1.7bn

~$1.3bn

~$0.2bn

Annualized Recurring Service Revenue

$

23,601

$

22,879

$

20,047

Installed Base (MW)

1,104

1,059

979

Conference Call

ERock will host a conference