Companies /Industrials

Bloom Energy Corp - Class A

NYSE: BE Electrical Equipment & Parts
$282.45
▲ $29.58 (+11.70%) today
Markets open · 3:13pm ET

Q2 2025 Earnings

Reported Jul 31, 2025, 4:07pm ET · SEC source
$0.10
Beat +455.56%
EPS · est. $0.02
$401.2M
Beat +5.91%
Revenue · est. $378.9M
+39.3%
Beating market
BE vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−18%−12%−6%0Jul 31Aug 1report 4:07pm ETearnings−1.6%−1.5%
−18%−12%−6%0Jul 31Aug 1earnings−1.6%−1.5%
BE −1.5%S&P 500 −1.6%
−12%−6%0Jul 31Aug 1report 4:07pm ETearnings−2.0%−1.5%
−12%−6%0Jul 31Aug 1earnings−2.0%−1.5%
BE −1.5%NASDAQ −2.0%
−8%0+8%+16%Jul 30Aug 8report 4:07pm ETearnings+1.0%+7.7%
−8%0+8%+16%Jul 30Aug 8earnings+1.0%+7.7%
BE +7.7%S&P 500 +1.0%
−8%0+8%+16%Jul 30Aug 8report 4:07pm ETearnings+2.0%+7.7%
−8%0+8%+16%Jul 30Aug 8earnings+2.0%+7.7%
BE +7.7%NASDAQ +2.0%
−1.79%
Day of report
−1.69%
Next session
+0.22%
One week
+42.84%
30 days

S&P 500 over the same 30 days: +3.54%.

Did BE Beat Earnings? Q2 2025 Results

Bloom Energy delivered a standout second quarter, posting adjusted earnings of $0.10 per share and beating the $0.02 consensus estimate by 455.56%, while revenue of $401.24 million topped expectations by 5.91% and grew 19.5% year-over-year. The company's third consecutive quarter of record revenue and profits was propelled by a 25.9% surge in product and service revenue to $351.10 million, alongside a 6.3 percentage point expansion in GAAP gross margin to 26.7%, reflecting improving manufacturing economics and stronger demand for onsite power solutions. Non-GAAP operating income swung to $28.64 million from a loss of $3.19 million a year ago, and adjusted EBITDA reached $41.24 million, roughly fourfold the prior-year level. A newly announced collaboration with Oracle to power AI data centers signals growing hyperscale demand as a key revenue driver. Looking ahead, management reaffirmed full-year 2025 guidance of $1.65 billion to $1.85 billion in revenue, approximately 29% non-GAAP gross margin, and $135 million to $165 million in non-GAAP operating income.

Key Takeaways
  • 19.5% year-over-year revenue growth driven by 25.9% increase in product and service revenue
  • Gross margin expansion of 6.3 percentage points year-over-year to 26.7%
  • Non-GAAP operating margin improvement to 7.1% from negative 0.9% in Q2 2024
  • Sixth consecutive quarter of non-GAAP services profitability
  • Growing demand from AI data center customers for onsite power

“As onsite power becomes increasingly self-evident, given rapid AI growth, there has never been better market pull for the Bloom products. Unlike alternatives, our products are purpose-built for the digital revolution. I am delighted to engage with our direct hyperscale partner, Oracle, with whom we can collaborate to optimize the watts to flops ratio.”

Bloom Energy CEO, on the earnings call

Forward Guidance & Outlook

Bloom reaffirms its full-year 2025 guidance: Revenue of $1.65B–$1.85B, non-GAAP gross margin of approximately 29%, and non-GAAP operating income of $135M–$165M.

BE YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$200.0M$400.0M$335.8M$401.2MRevenue$105.7M$107.1MGross Profit$-32,528,622$-42,619,000Net Income
$0$200.0M$400.0MRevenueGross ProfitNet Income

BE Revenue by Segment

Product$296.6M+31.1%
Service$54.4M+3.7%
Installation$37.4M
Electricity$12.8M

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