Stardust Power

Q2 FY2026 EarningsQ2 FY2026 results missed consensus across bottom-line and cash flow metrics, although revenue of $0 remained in-line with expectations as a development-stage company. Net Loss (GAAP) of -$3.90M was slightly better than the -$4.10M consensus, but Diluted EPS of -$0.35 missed the -$0.39 expected due to a 75% YoY increase in weighted average shares. Operating cash flow of -$4.00M for the first half was significantly worse than the -$2.80M mean estimate, and a subsequent event of default on the 2025 Convertible Note raises critical liquidity concerns.