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Fermi Inc. (FRMI) Shareholder/Analyst Call Prepared Remar...
2026-05-22 · via All Articles on Seeking Alpha

Q1: 2026-05-14 Earnings Summary

EPS of -$0.30 misses by $0.25

 | 

Revenue of

$0.00

misses by $4.12M

Fermi Inc. (FRMI) Shareholder/Analyst Call May 21, 2026 5:00 PM EDT

Company Participants

Toby Neugebauer

Presentation

Operator

Good afternoon. Thank you for standing by, and welcome to the Neugebauer Fermi Shareholder Update Call. [Operator Instructions] Legal disclaimers for this call are at the start of the presentation for you to review shortly.

I'd now like to turn the call over to Toby Neugebauer, the Co-Founder and largest shareholder of Fermi America.

Toby Neugebauer

I intended to join this call, this webinar by video today, but I've had an allergic reaction and my face is swollen like Will Smith in the movie, Hitch. This side of my face may hurt the stock price as the rumor will be that the proxy fight has turned physical. But seriously, I wanted to have this webinar because I think communicating through press releases and reporters is not the best way for the shareholders and other stakeholders to make the best decisions for Fermi.

There has been a lot written about me, my motivations and my state of mind. Well, I want to be able to tell you directly where I am, is in a state of deep pride of what Fermi accomplished in the last 15 months. It's just too hard to take the joy of the accomplishment away. Obviously, I am disappointed that I will not lead it. But again, I'm so proud of what we accomplished, and it is the driver of my thoughts on what should happen next.

I want to take my grandkids in 2035 to Amarillo and show them America's largest energy campus, the largest platform for generating AI compute. So my view is the next steward of this amazing project brings together the 3 Cs. And what I mean by that is the natural owner of the asset will