S&P 500
7,786.40
-0.29%
Dow Jones
53,720.10
-0.31%
Nasdaq 100
30,066.20
-0.22%
Russell 2000
3,065.32
+0.35%
FTSE 100
10,758.80
-0.37%
Nikkei 225
68,738.00
-0.56%
Bloom Energy

Bloom Energy (BE) Q2 2026 Earnings

Reported Jul 28, 2026 at 4:07 PM ET · SEC Source

Q2 26 EPS

$0.78

BEAT +91.83%

Est. $0.41

Q2 26 Revenue

$1.07B

BEAT +28.82%

Est. $827.0M

vs S&P Since Q2 26

+16.8%

BEATING MARKET

BE +23.2% vs S&P +6.4%

Market Reaction

Did BE Beat Earnings? Q2 2026 Results

Bloom Energy delivered a blowout second quarter for fiscal 2026, posting non-GAAP EPS of $0.78 against a consensus estimate of $0.41, a beat of 91.83% that extended the company's streak of topping consensus EPS estimates to four consecutive quarters.… Read more Bloom Energy delivered a blowout second quarter for fiscal 2026, posting non-GAAP EPS of $0.78 against a consensus estimate of $0.41, a beat of 91.83% that extended the company's streak of topping consensus EPS estimates to four consecutive quarters. Revenue reached $1.07 billion, clearing the $827.02 million estimate by 28.82% and rising 165.5% year-over-year, with the dominant driver being product revenue, which surged 215% to $935.41 million as hyperscalers, neoclouds, and AI data center operators accelerated adoption of Bloom's onsite power solutions. Skepticism heading into the print proved misplaced, as GAAP operating income swung to $182.24 million from a loss of $3.50 million a year ago and operating cash flow turned sharply positive at $226.43 million. Looking ahead, management raised full-year 2026 revenue guidance to $3.90 billion to $4.20 billion, representing roughly 100% year-over-year growth at the midpoint, with non-GAAP EPS expected in the range of $2.55 to $2.85.

Key Takeaways

  • • 215% year-over-year product revenue growth driven by AI data center demand
  • • All major US hyperscalers and over a dozen neoclouds, AI labs, and colocation operators validated Bloom's power solutions
  • • Gross margin expansion of 668 basis points year-over-year to 33.4% GAAP
  • • Operating leverage with non-GAAP operating expenses as percentage of revenue declining
  • • Swing to positive operating cash flow of $226.4 million from negative $213.1 million year-over-year

BE Forward Guidance & Outlook

Bloom Energy raised its full-year 2026 guidance: revenue of $3.9 billion to $4.2 billion (representing approximately 100% year-over-year growth at the midpoint), non-GAAP gross margin of approximately 34%, non-GAAP operating income of $800 million to $900 million, and non-GAAP EPS of $2.55 to $2.85.

24/7 Wall St

BE YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

BE Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q2 26

“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.”

— KR Sridhar, Q2 2026 Earnings Press Release

Back to BE Stock Page