Fermi Future Growth
Future criteria checks 6/6
Fermi is forecast to grow earnings and revenue by 54.1% and 47.6% per annum respectively. EPS is expected to grow by 56.2% per annum. Return on equity is forecast to be 47% in 3 years.
Key information
54.1%
Earnings growth rate
56.24%
EPS growth rate
| Specialized REITs earnings growth | 7.8% |
| Revenue growth rate | 47.6% |
| Future return on equity | 47.03% |
| Analyst coverage | Good |
| Last updated | 05 May 2026 |
Recent future growth updates
Recent updates
Gas Power Permits And Tenant Delays Will Eventually Support Large Scale AI Infrastructure
Catalysts About Fermi Fermi develops and finances large scale power and data center infrastructure to serve energy intensive computing and artificial intelligence customers. What are the underlying business or industry changes driving this perspective?After Dropping 80%, Fermi Is Still Not Worth It
Summary Fermi has declined 80% post-IPO yet remains significantly overvalued relative to its asset base and lack of operating business. Asset value is estimated at $1.1B, well below the current $3B market cap, with no revenue and the initial major tenant backing out. CEO and CFO departures further diminish Fermi’s intangible value, compounding execution risk and undermining the company's core vision. Despite high data center demand, Fermi faces steep competition from established REITs and utilities, making its bull case unlikely and the stock unattractive. Read the full article on Seeking Alpha
Surging AI Power Demand And Scarce Grid Capacity Will Support Long Term Tenant Contracts
Catalysts About Fermi Fermi is building a large scale private power grid and related infrastructure to supply electricity to energy intensive tenants such as data centers and chip ecosystem players. What are the underlying business or industry changes driving this perspective?
Large Scale AI Power Infrastructure Will Transform Long Term Cash Flows And Tenant Demand
Catalysts About Fermi Fermi develops large scale power and data infrastructure to support tenants focused on artificial intelligence and high intensity computing. What are the underlying business or industry changes driving this perspective?Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 4,159 | 2,634 | -1,986 | 2,663 | 7 |
| 12/31/2027 | 1,877 | 1,113 | -3,968 | 1,052 | 6 |
| 12/31/2026 | 144 | -33 | -1,506 | 2,093 | 3 |
| 12/31/2025 | N/A | -530 | -603 | -34 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FRMI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.5%).
Earnings vs Market: FRMI is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FRMI is expected to become profitable in the next 3 years.
Revenue vs Market: FRMI's revenue (47.6% per year) is forecast to grow faster than the US market (11.6% per year).
High Growth Revenue: FRMI's revenue (47.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FRMI's Return on Equity is forecast to be very high in 3 years time (47%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/13 10:21 |
| End of Day Share Price | 2026/05/13 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Fermi Inc. is covered by 12 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Fisher | Berenberg |
| Brett Knoblauch | Cantor Fitzgerald & Co. |
| Derek Soderberg | Cantor Fitzgerald & Co. |