Ballard Power Systems is a Canadian clean-energy company that designs and manufactures proton-exchange-membrane (PEM) fuel cells. Its modules power heavy-duty mobility applications such as buses, trucks, trains and marine vessels, as well as selected stationary power uses. Customers are typically vehicle OEMs, transit agencies and industrial partners seeking zero-emission electric propulsion where batteries alone are less practical.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 15.4 | — | -21 | — |
| Q2 2025 | 17.8 | — | -24.3 | — |
| Q3 2025 | 32.5 | — | -28.1 | — |
| Q4 2025 | 33.6 | — | -17.5 | — |
| Q1 2026 | 19.4 | 26.2% | -11.4 | — |
| Q2 2026 | 20.6 | 15.4% | -20.3 | — |
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