Fermi (FRMI) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- -$0.04
- Estimate
- -$0.06
- Surprise
- +33.6%
- Score today
- 5.3/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Fermi (FRMI) reported a narrower loss than forecast — diluted EPS of -$0.04 against the -$0.06 estimate (a 33.6% beat on a still-unprofitable quarter).
Coverage in the report window
- Macquarie Maintains Outperform on Fermi, Lowers Price Target to $15 — benzinga, 2026-08-14
- Chip Stocks Power S&P 500 to Record Highs, SanDisk Soars 15%: Stock Market Today — benzinga, 2026-08-13
- Fermi Reports Q2 2026 Results: Full Earnings Call Transcript — benzinga, 2026-08-13
Where TrendMatrix's rating stands now
TrendMatrix currently rates FRMI Sell at 5.3/10; no pre/post engine snapshot brackets this report.
1 of the last 4 quarters beat the estimate; this quarter's +33.6% surprise compares with a -1186.0% four-quarter average. Next scheduled report: 2026-11-09.
What argues against it
- Concentration risk — Tenant: small number of anchor tenants
- Concentration risk — Geographic: Carson County, Texas
- DATA_ISSUE: analyst_target_implausible (raw $17.12 vs price $4.86 — ratio 3.5×). Rejected, falling back to technical TP.
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $4.86
- Price target
- $7.52
- Stop
- $4.52
- Upside to target
- +54.7%
Risk check: RSI 26 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
FRMI at TrendMatrix's latest read
REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.
- Industry
- REIT - Specialty
- Market cap
- $3.06B
- P/E (fwd)
- 41.2
- 52-week range
- $4.47–$36.99
- Off 52-week high
- 86.9%
- RSI (14)
- 26
- Volume vs avg
- 0.57×
- Score today
- 5.3/10