Companies /Industrials

Bloom Energy Corp - Class A

NYSE: BE Electrical Equipment & Parts
$282.08
▲ $29.21 (+11.55%) today
Markets open · 3:06pm ET

Q2 2026 Earnings

Reported Jul 28, 2026, 4:07pm ET · SEC source
$0.78
Beat +91.83%
EPS · est. $0.41
$1.1B
Beat +28.82%
Revenue · est. $827.0M
+23.2%
Beating market
BE vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%0+6%Jul 28Jul 29report 4:07pm ETearnings−1.1%−5.0%
−6%0+6%Jul 28Jul 29earnings−1.1%−5.0%
BE −5.0%S&P 500 −1.1%
−6%0+6%Jul 28Jul 29report 4:07pm ETearnings−1.3%−5.0%
−6%0+6%Jul 28Jul 29earnings−1.3%−5.0%
BE −5.0%NASDAQ −1.3%
0+20%Jul 27Aug 5report 4:07pm ETearnings+4.0%+25.5%
0+20%Jul 27Aug 5earnings+4.0%+25.5%
BE +25.5%S&P 500 +4.0%
0+20%Jul 27Aug 5report 4:07pm ETearnings+5.8%+25.5%
0+20%Jul 27Aug 5earnings+5.8%+25.5%
BE +25.5%NASDAQ +5.8%
−1.85%
Day of report
+26.49%
Next session
+43.10%
One week
+28.71%
30 days

S&P 500 over the same 30 days: +5.47%.

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. 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. <a href="https://247wallst.com/investing/2026/07/28/live-will-bloom-energy-continue-sinking-lower-after-tonights-q2-earnings/">Skepticism heading into the print</a> 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

“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.”

Bloom Energy CEO, on the earnings call

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.

BE YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$300.0M$600.0M$900.0M$401.2M$1.1BRevenue$144.8M$355.6MGross Profit$34.2M$182.2MOperating Income$29.7M$196.3MNet Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income

BE Revenue by Segment

Product$935.4M+215.4%
Service$69.0M+26.8%
Installation$51.0M+36.4%
Electricity$10.0M−22.3%

Figures from SEC filings and company reports. Not investment advice.