Analysts expect Stem Inc to report Q2 2026 revenue of $36.65 million and an earnings per share loss of $2.11, while the current $5.68 stock price trades at a significant discount to the $9.00 average analyst target.
The primary story for investors is the expansion of high-margin software and services revenue, which is projected to grow approximately 16% year-over-year. This strategic pivot toward a software-first model is intended to replace lower-margin hardware resales and stabilize the company's path to positive adjusted EBITDA. Market participants are looking for confirmation that operational efficiencies are scaling as the company aims to meet its full-year profitability guidance.