AES Corporation (AES) Financials
Key financial figures for AES Corporation (Q2 2026).
AES posts Q2 revenue of $3.4B and Adjusted EBITDA of $898M as shareholders approve the GIP/EQT take-private merger. Revenue rose to $3.42B (vs. $2.86B a year ago); net income (consolidated, before noncontrolling interests) was $387M, with $426M attributable to AES common stockholders and diluted EPS of $0.60. Adjusted EBITDA, AES's primary non-GAAP operating metric, climbed to $898M from $681M a year ago, driven by higher development-services contributions and energy/capacity spot pricing in the Renewables SBU, higher AES Ohio retail margin, and the increased ownership stake in Cochrane. On the outlook: AES did not issue a Q3/FY2026 guidance statement in this filing; forward commentary was limited to the pending merger timeline (expected close late 2026 or early 2027) and standard risk-factor disclosures. Figures are for Q2 2026, as AES Corporation reported them.
- Revenue
- $3.4B
- Net Income
- $387M
- EPS
- $0.60
- Total Assets
- $54.2B
- Operating Cash Flow
- $1.0B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $3.4B | $465M | $0.60 | 18.41% | -$597M |
| Q1 FY2026 | $3.2B | $487M | $0.68 | 18.4% | -$565M |
| Q4 FY2025 | $3.1B | $322M | $0.46 | 16.54% | -$47M |
| Q3 FY2025 | $3.4B | $634M | $0.89 | 16.53% | -$511M |
| Q2 FY2025 | $2.9B | -$105M | -$0.15 | 14.19% | -$356M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $12.2B | $949M | $1.26 | 16.1% | -$1.6B |
| FY2024 | $12.3B | $1.7B | $2.36 | 16.52% | -$4.6B |
| FY2023 | $12.7B | $242M | $0.35 | 17.83% | -$4.7B |
Frequently asked questions
What was AES Corporation's revenue last quarter?
AES Corporation reported revenue of $3.42 billion for Q2 FY2026, up 19.9% from the same period a year earlier.
Is AES Corporation profitable?
Yes. AES Corporation reported net income of $465.0 million for Q2 FY2026, a net margin of 13.59% on revenue.
How has AES Corporation's margin trended?
Operating margin was 18.41% in Q2 FY2026, compared with 14.19% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did AES Corporation generate?
AES Corporation generated free cash flow of -$597.0 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for AES Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.