Fermi Inc. (FRMI)
| Market Cap | 1.32B -89.9% |
| Revenue (ttm) | n/a |
| Net Income | -532.68M |
| EPS | -0.84 |
| Shares Out | 641.26M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 86,675,210 |
| Open | 1.700 |
| Previous Close | 1.810 |
| Day's Range | 1.690 - 2.300 |
| 52-Week Range | 1.440 - 22.370 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 16.63 (+707.28%) |
| Earnings Date | Nov 12, 2026 |
About FRMI
Fermi Inc. develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. The company combines cutting-edge technology with a deep bench of proven world-class multidisciplinary leaders with a combined 25 GW of experience to create one of the world's largest 17 GW next-generation private grids, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's largest combined-cycle natur... [Read more]
Financial Performance
Financial StatementsAnalyst Summary
According to 7 analysts, the average rating for FRMI stock is "Buy." The 12-month stock price target is $16.63, which is an increase of 707.28% from the latest price.
News
Fermi Earnings Call Transcript: Q3 2026
A direct hyperscaler agreed to 600 MW of 2027 capacity, supported by a $200 million prepayment, while definitive lease negotiations continue. Q3 cash was $316 million including restricted cash, and CapEx fell to $133 million from $185 million in Q2.
Fermi Earnings release: Q3 2026
Fermi released its Q3 2026 earnings on November 12, 2026, summarizing the period's financial results.
Fermi Prepared remarks: Q3 2026
Fermi filed a regulatory document on November 12, 2026 disclosing important business information.
Fermi Slides: Q3 2026
Fermi has posted slides in relation to its Q3 2026 quarterly earnings report, which was published on November 12, 2026.
Fermi Quarterly report: Q3 2026
Fermi has published its Q3 2026 quarterly earnings report on November 12, 2026.
Fermi's New AI Deal Softens the Blow of a $6.5 Billion Setback
A $200 million commitment offers hope after Fermi terminated a $6.5 billion deal.
Fermi reports Q3 EPS (22c) vs. (84c) last year
“Hyperscalers want sites that are ready with permitted power, and Fermi’s (FRMI) Project Matador is one of few that can meet that demand today,” said Lee McIntire, Fermi Chief Executive…
Fermi enters new agreements with hyperscaler
Fermi (FRMI) has entered into agreements with an undisclosed investment-grade hyperscale customer to advance development of an initial 600 MW of power capacity beginning in 2027 at Project Matador. Th...
Fermi, TensorWave terminate data center lease, services agreement
Fermi (FRMI) and TensorWave have terminated the Data Center Lease and Services Agreement signed in August 2026. The AMD credit support agreement associated with TensorWave is also terminated. Publishe...
Fermi co-founder Toby Neugebauer issues statement on board of directors
Toby Neugebauer, co-founder and largest shareholder of Fermi (FRMI), issued the following statement in response to the results of Fermi’s October 30 annual meeting and the Form 8-K the company…
Fermi's Co-Founder and Largest Shareholder, Toby Neugebauer: "Fermi's Shareholders, the Markets and Texas Voters Have Rejected Rick Perry and Fermi's 'We Can Do Whatever We Want' Board"
"Today should be Fermi's greatest day. Fermi was built on the understanding that voters do not want data centers on their grid.
Fermi provides update on lease agreement
Fermi (FRMI) issued the following statement on the Data Center Lease and Services Agreement between its wholly owned subsidiary, Fermi Campus 1 and TensorWave TEX1, after the October 31 closing…
Fermi Transcript: AGM 2026
Management outlined a powered-land strategy, cost-based bidding, and infrastructure progress, with future value dependent on converting its pipeline into tenants. Shareholders rejected the director nominees proposal and approved auditor ratification.
Fermi says focus on ‘optimizing the capital already invested’
Fermi (FRMI) provided a letter to shareholders from CEO Lee McIntire, which read in part, “We are living through an extraordinary moment in the development of American infrastructure. As artificial…
Fermi Provides Letter to Shareholders from CEO Lee McIntire on Financing Fermi's Next Chapter
Outlines a disciplined capital strategy to support growth and build long-term shareholder value DALLAS, TX / ACCESS Newswire / October 21, 2026 / Fermi Inc. (NASDAQ:FRMI)(LSE:FRMI), operating as Fermi...
Fermi price target lowered to $8 from $12 at Cantor Fitzgerald
Cantor Fitzgerald analyst Brett Knoblauch lowered the firm’s price target on Fermi (FRMI) to $8 from $12 and keeps an Overweight rating on the shares. AI data center stocks have…
Fermi Stock (FRMI) Soars 20% Thanks to a Partnership with AMD
Fermi stock soared on Tuesday after the energy company announced financial support from AMD…
Evercore says Fermi news represents progress, financing still to be secured
After Fermi (FRMI) announced the signing of the “long-awaited” credit support agreement with AMD (AMD), Evercore ISI analyst Nicholas Amicucci called the news “a constructive step toward financing the...
Fermi signs credit support agreement with AMD
Fermi (FRMI), operating as Fermi America announced that it has signed a credit support agreement with AMD (AMD), supporting a lease for phase one of Fermi’s Project Matador energy and…
Fermi Signs Credit Support Agreement with AMD and Announces Partnership
DALLAS, TX / ACCESS Newswire / October 13, 2026 / Fermi Inc. (Nasdaq:FRMI)(LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today announced that it has signed a credit support agreem...
Fermi Announces Third Quarter 2026 Earnings Release and Call Date
Fermi to host earnings call on November 12, 2026 DALLAS, TX / ACCESS Newswire / October 12, 2026 / Fermi Inc. (NASDAQ:FRMI)(LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today ann...
Fermi Proxy statement: Proxy filing
Fermi filed a proxy statement on October 2, 2026, providing details for shareholder voting and corporate governance matters.