Tecogen Reports Q2 2026 Earnings with Revenue Decline and Strategic Shift Toward Data Center Market
Tecogen (NASDAQ: TGEN) reported second-quarter earnings for fiscal year 2026, showing a revenue decline of $5.75 million compared to the prior year due primarily to reduced product segment sales. The company posted a net loss of $2.15 million and non-GAAP EPS of -$0.07, reflecting lower gross profit from products and higher operating expenses. Despite challenges in its core business segments, Tecogen saw growth in service revenue ($4.38 million) driven by increased billable activity and maintenance contracts. Energy production revenue also rose 35.4% to $240,000 due to improved uptime at sites. The company is focusing on expanding into the data center market after demonstrating its products to entities representing approximately 8 gigawatts of capacity. Tecogen ended Q2 with cash and equivalents totaling $6.78 million while increasing inventory levels in anticipation of potential orders from data centers.
