EnerSys (ENS) shares experienced a significant 24-hour plunge of 5.33% in post-market trading on Wednesday, following the release of the company's third-quarter fiscal 2026 results.

The stored energy solutions company reported adjusted earnings per share of $2.77, which exceeded analyst expectations of $2.72. However, quarterly revenue of $919.1 million fell short of the consensus estimate of $932 million, marking a revenue miss that appears to have driven the negative investor reaction. The company cited market softness in its Motive Power segment, which led to lower volumes.

Despite the quarterly revenue miss, EnerSys provided guidance for the fourth quarter, expecting net sales between $960 million and $1 billion and adjusted diluted EPS of $2.95 to $3.05.