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Panasonic’s battery energy unit saw earnings jump by 47% in the first quarter of its 2026 fiscal year as demand for energy storage systems for data centers soars. Panasonic, which makes batteries for electric vehicles manufacturers and for industrial customers, on Wednesday reported an operating profit of $215 million (31.9 billion Japanese yen) in its energy division for the quarter ended June 30…
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AI Drives Surge in Panasonic’s Battery Unit Profit
Samatha Byron
20:22
Panasonic’s battery energy unit saw earnings jump by 47% in the first quarter of its 2026 fiscal year as demand for energy storage systems for data centers soars. Panasonic, which makes batteries for electric vehicles manufacturers and for industrial customers, on Wednesday reported an operating profit of $215 million (31.9 billion Japanese yen) in its
