Bloom Energy (BE) Q2 2025 Earnings
How Did BE Stock React to Q2 2025 Earnings?
S&P 500 over the same 30 days: +3.54%.
Did BE Beat Earnings? Q2 2025 Results
Yes. Bloom Energy reported Q2 2025 earnings of $0.10 a share on Jul 31, 2025, beating the $0.02 consensus estimate by 455.6%. Revenue was $401.2M against a $378.9M estimate.
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.
- 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
What Was Bloom Energy's Outlook in Q2 2025?
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
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $401.2M | $335.8M | +19.5% |
| Gross Profit | $107.1M | $105.7M | +1.3% |
| Net Income | −$42.6M | −$32.5M | +31.0% |
BE Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.