Earnings summaries and quarterly performance for Fermi.
Research analysts who have asked questions during Fermi earnings calls.
Andrew Fisher
Berenberg
1 question for FRMI
JB
Joe Brent
Liberum
1 question for FRMI
Also covers: BAFBF
JH
John Hodulik
UBS Group AG
1 question for FRMI
Also covers: AMCX, CHTR, CMCSA +8 more
NA
Nick Amicucci
Evercore ISI
1 question for FRMI
Also covers: BE, NEE, NI +1 more
PG
Paul Golding
Macquarie Capital
1 question for FRMI
Also covers: CIFR, CLSK, CORZ +11 more
Rich Anderson
Cantor Fitzgerald
1 question for FRMI
Also covers: ARE, DOC, EGP +1 more
Skye Landon
Rothschild & Co Redburn
1 question for FRMI
Also covers: BE
Stephen Gengaro
Stifel
1 question for FRMI
Also covers: ACDC, BKR, BOOM +7 more
Recent press releases and 8-K filings for FRMI.
Fermi faces securities class action over Project Matador tenant exit
FRMI
Legal Proceedings
Demand Weakening
New Projects/Investments
- Fermi Inc. (FRMI) is facing a securities class action lawsuit alleging misrepresentations regarding its "Project Matador" AI data center campus, specifically overstating tenant demand and concealing risks related to a single anchor tenant's funding.
- The lawsuit stems from the December 12, 2025, termination of a $150 million Advance in Aid of Construction Agreement (AICA) by Project Matador's first tenant, which caused Fermi's stock price to fall 33.8%.
- The lead plaintiff deadline for investors who purchased FRMI shares during the October 1, 2025, to December 11, 2025, Class Period is March 6, 2026.
12 hours ago
Hagens Berman Announces Lead Plaintiff Deadline for Fermi Inc. Securities Class Action
FRMI
Legal Proceedings
Demand Weakening
New Projects/Investments
- A securities class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI), its executives, directors, and IPO underwriters, with a lead plaintiff deadline of March 6, 2026.
- The litigation alleges Fermi misrepresented demand for its "Project Matador" AI data center campus and concealed risks related to its primary anchor tenant.
- On December 12, 2025, Fermi announced the termination of a $150 million Advance in Aid of Construction Agreement (AICA) by Project Matador's first tenant.
- Following this announcement, Fermi's stock price plummeted 33.8% and has since declined 59% from its $21.00 per share IPO price to as low as $8.59 per share.
- The class period for the lawsuit covers purchasers of common stock from the October 2025 IPO and/or securities between October 1, 2025, and December 11, 2025.
2 days ago
Fermi Faces Securities Class Action Lawsuit
FRMI
Legal Proceedings
Demand Weakening
New Projects/Investments
- National shareholder rights law firm Hagens Berman is issuing an updated notice to investors in Fermi Inc. (FRMI) regarding a pending securities class action lawsuit, with a lead plaintiff deadline of March 6, 2026.
- The litigation alleges that Fermi misrepresented the demand for its "Project Matador" AI data center campus and the stability of its primary anchor tenant, specifically overstating tenant demand and concealing risks related to a single tenant's funding commitment.
- On December 12, 2025, Fermi disclosed that the first tenant for Project Matador terminated its $150 million Advance in Aid of Construction Agreement (AICA), which led to Fermi's stock price plummeting 33.8% in a single day.
- The stock has since traded as low as $8.59 per share, representing a 59% decline from its $21.00 per share IPO price, with the class period covering purchasers from the October 2025 IPO and/or between October 1, 2025, and December 11, 2025.
4 days ago
Fermi Inc. Faces Securities Fraud Lawsuit
FRMI
Legal Proceedings
- The Schall Law Firm has filed a class action lawsuit against Fermi Inc. (NASDAQ: FRMI) for alleged violations of federal securities laws.
- The lawsuit claims Fermi made false and misleading statements, including overstating demand from tenants for the Project Matador campus and misleading investors about its reliance on a single tenant's funding commitment for the project's construction.
- The alleged class period for investors who purchased securities is between October 1, 2025, and December 11, 2025, and/or pursuant to the registration statement and prospectus from the October 2025 initial public offering (IPO).
- Investors who suffered losses are encouraged to contact The Schall Law Firm before March 6, 2026.
5 days ago
Fermi faces securities class action lawsuit investigation
FRMI
Legal Proceedings
New Projects/Investments
Demand Weakening
- Faruqi & Faruqi, LLP is investigating Fermi Inc. (NASDAQ: FRMI) for potential federal securities law violations related to its October 2025 initial public offering (IPO) and Project Matador.
- The investigation alleges that Fermi overstated tenant demand for its Project Matador campus and failed to disclose the significant reliance on, and risk of termination of, a single tenant's $150 million funding commitment.
- On December 12, 2025, Fermi disclosed that the "First Tenant" terminated its funding agreement, leading to a stock price drop of over 33% to $10.09 per share, well below its $21.00 IPO price.
- Investors who purchased Fermi securities between October 1, 2025, and December 11, 2025, are encouraged to contact the law firm, with a lead plaintiff deadline of March 6, 2026.
8 days ago
Fermi Inc. Faces Securities Class Action Over Project Matador Allegations
FRMI
Legal Proceedings
Demand Weakening
New Projects/Investments
- Hagens Berman is investigating a securities class action against Fermi Inc. (FRMI), its executives, and IPO underwriters, with a lead plaintiff deadline of March 6, 2026.
- The lawsuit alleges Fermi misrepresented demand for its "Project Matador" AI data center campus and concealed risks related to its primary anchor tenant's funding commitment.
- On December 12, 2025, the first tenant terminated a $150 million Advance in Aid of Construction Agreement (AICA), which was intended for construction costs, leading to a 33.8% stock price drop for FRMI.
- The class action seeks to represent investors who purchased FRMI stock from its October 2025 IPO or between October 1, 2025, and December 11, 2025.
Jan 29, 2026, 8:20 PM
Fermi Faces Securities Class Action Lawsuit Following Funding Termination
FRMI
Legal Proceedings
Profit Warning
Demand Weakening
- Faruqi & Faruqi, LLP is investigating Fermi Inc. (FRMI) for a federal securities class action, with a lead plaintiff deadline of March 6, 2026.
- The lawsuit covers investors who acquired securities between October 1, 2025, and December 11, 2025, following the company's October 2025 IPO.
- Allegations include false or misleading statements about Project Matador tenant demand and undisclosed reliance on a single tenant's funding commitment.
- A key funding arrangement of up to $150 million for Project Matador construction was terminated by the "First Tenant" on December 11, 2025.
- This termination led to Fermi's stock price falling more than 33%, closing at $10.09 per share, significantly below its $21.00 IPO price.
Jan 22, 2026, 2:57 PM
Faruqi & Faruqi Investigates Fermi Inc. for Securities Law Violations
FRMI
Legal Proceedings
Demand Weakening
New Projects/Investments
- Faruqi & Faruqi, LLP is investigating Fermi Inc. (NASDAQ: FRMI) for alleged federal securities law violations during the Class Period of October 1, 2025, to December 11, 2025.
- The investigation focuses on allegations that Fermi overstated tenant demand for its Project Matador campus and failed to disclose the significant risk of a single tenant terminating its funding commitment for the project.
- On December 11, 2025, the "First Tenant" terminated an Advance in Aid of Construction Agreement (AICA), a key funding arrangement for Project Matador.
- Following this disclosure on December 12, 2025, Fermi's stock price fell more than 33%, closing at $10.09 per share, well below its October 1, 2025 IPO price of $21.00 per share.
- Investors have until March 6, 2026, to seek the role of lead plaintiff in the federal securities class action.
Jan 17, 2026, 5:41 PM
Fermi Inc. Faces Securities Fraud Lawsuit
FRMI
Legal Proceedings
New Projects/Investments
Demand Weakening
- The Schall Law Firm has filed a class action lawsuit against Fermi Inc. (FRMI) for alleged violations of federal securities laws.
- The lawsuit claims Fermi made false and misleading statements regarding overstated tenant demand for its Project Matador campus and its reliance on a single tenant's funding commitment for the project's construction.
- These alleged misrepresentations occurred during the Class Period from October 1, 2025, to December 11, 2025, following the company's October 2025 initial public offering (IPO).
- Investors who suffered losses during this period are encouraged to contact the firm before March 6, 2026.
Jan 15, 2026, 6:24 AM
Fermi Inc. Shares Decline After Tenant Agreement Termination
FRMI
Demand Weakening
Legal Proceedings
New Projects/Investments
- On December 12, 2025, Fermi Inc. (FRMI) shares cratered approximately 33% after a prospective anchor tenant terminated an agreement to advance $150 million for Project Matador.
- The termination of this agreement, intended to fund Fermi's Advanced Energy and Intelligence Campus, led to the stock closing at $10.09, nearly 52% below its October IPO price of $21/share.
- Shareholders rights firm Hagens Berman has opened an investigation into whether Fermi may have previously misled investors about the strength of the First Tenant agreement.
Dec 30, 2025, 2:30 PM
Quarterly earnings call transcripts for Fermi.
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