Bloom Energy Reports Record Second Quarter 2026 Financial Results and Raises Full Year 2026 Guidance

Achieved record quarterly revenue of $1.065 billion, surpassing $1 billion for the first time Delivered 166% year-over-year revenue growth, driven by 215% product revenue growth Raises full year 2026 revenue guidance to $3.9 billion – 4.2 billion, representing 100% year-over-year growth at the midpoint SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy Corporation (NYSE: BE) (“Bloom,” “Bloom Energy,” “We,” or the “Company”) today reported its financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Highlights All comparisons are to the second quarter of 2025. Revenue of $1,065.4 million increased 165.5% compared to $401.2 million. Product revenue of $935.4 million increased 215.4% compared to $296.6 million. Gross margin of 33.4% increased 668 basis points compared to 26.7%. Non-GAAP gross margin of 34.3% increased 604 basis points compared to 28.2%. Operating income of $182.2 million increased $185.7 million compared to $3.5 million operating loss. Non-GAAP operating income of $239.6 million increased $211.0 million compared to $28.6 million. Cash flow from operating activities of $226.4 million increased $439.5 million from a net cash used in operating activities of $213.1 million. EPS of $0.62 increased $0.80 compared to a loss of ($0.18). Non-GAAP EPS of $0.78 increased $0.68 compared to $0.10. KR Sridhar, Founder, Chairman and Chief Executive Officer of Bloom Energy, said, “The demand for Bloom Energy’s solutions keeps accelerating every quarter as customers who traditionally defaulted to combustion technologies are now proactively choosing Bloom as a superior power solution. Today, all the major US hyperscalers and over a dozen US neoclouds, AI labs, and colocation data center operators have validated and approved our power solutions for their AI factories. Bloom is now a standard for AI onsite power.” Simon Edwards, Chief Financial Officer of Bloom Energy, added, “This quarter was the strongest in Bloom’s history, with profitable growth and positive operating cash flow, and we are pleased to raise our full-year outlook. These results reflect disciplined execution while we invest in the capacity and capability to capitalize on the robust demand for Bloom Energy's unique power solutions.” Summary of Key Financial Metrics Summary of GAAP Financial Information ($000), except EPS data Q2'26 Q1'26 Q2'25 Revenue $ 1,065,365 $ 751,054 $ 401,242 Cost of Revenue 709,793 525,510 294,119 Gross Profit 355,572 225,544 107,123 Gross Margin 33.4 % 30.0 % 26.7 % Operating Expenses 173,335 153,354 110,626 Operating Income (Loss) 182,237 72,190 (3,503 ) Operating Margin 17.1 % 9.6 % (0.9 )% Non-operating (Income) Expenses (14,053 ) 1,537 39,116 Net Profit (Loss) to Common Stockholders $ 196,290 $ 70,653 $ (42,619 ) GAAP EPS, Basic $ 0.68 $ 0.25 $ (0.18 ) GAAP EPS, Diluted $ 0.62 $ 0.23 $ (0.18 ) Summary of Non-GAAP Financial Information1 ($000), except EPS data Q2'26 Q1'26 Q2'25 Revenue $ 1,065,365 $ 751,054 $ 401,242 Cost of Revenue 700,002 514,750 287,892 Gross Profit 365,363 236,305 113,350 Gross Margin 34.3 % 31.5 % 28.2 % Operating Expenses 125,721 106,595 84,708 Operating Income 239,642 129,710 28,643 Operating Margin 22.5 % 17.3 % 7.1 % Adjusted EBITDA $ 253,388 $ 142,989 $ 41,239 Non-GAAP EPS, Basic $ 0.86 $ 0.49 $ 0.10 Non-GAAP EPS, Diluted $ 0.78 $ 0.44 $ 0.10 A detailed reconciliation of GAAP to Non-GAAP financial measures is provided at the end of this press release Guidance Bloom Energy is increasing its financial guidance for full-year 2026 as follows: Revenue: $3.9B - $4.2B Non-GAAP Gross Margin: ~34% Non-GAAP Operating Income: $800M - $900M Non-GAAP EPS: $2.55 - $2.85 Investor Conference Call/ Webcast Details Bloom Energy will host a conference call today, July 28, 2026, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its financial results. To participate in the live call, analysts and investors may call toll-free dial-in number: +1 (888) 596-4144 and toll-dial-in-number +1 (646) 968-2525. The conference ID is 4454050. A simultaneous live webcast will also be available under the Investor Relations section on our website at https://investor.bloomenergy.com. Following the webcast, an archived version will be available on Bloom Energy’s website for one year. A telephonic replay of the conference call will be available for one week following the call, by dialing +1 (800) 770-2030 or +1 (609) 800-9909 and entering passcode 4454050. Additional Information and Where to Find It The Investor Relations section of Bloom Energy’s website at investor.bloomenergy.com contains a significant amount of information about Bloom Energy, including financial and other information for investors. Bloom Energy encourages investors to visit this website from time to time, as information is updated and new information is posted. The information contained on, or that may be accessed through Bloom Energy's website is not incorporated by reference into, and it not part of, this press release. Forward-Looking StatementsRead the full story here

Bloom Energy Reports Record Second Quarter 2026 Financial Results and Raises Full Year 2026 Guidance

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