Companies /Industrials

Bloom Energy Corp - Class A

NYSE: BE Electrical Equipment & Parts
$277.22
▲ $24.35 (+9.63%) today
Markets closed · 1:37am ET

Q4 2025 Earnings

Reported Feb 5, 2026, 4:21pm ET · SEC source
$0.45
Beat +50.35%
EPS · est. $0.30
$777.7M
Beat +20.51%
Revenue · est. $645.3M
+13.4%
Beating market
BE vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−10%−5%0Feb 5Feb 6report 4:21pm ETearnings+2.2%−6.8%
−10%−5%0Feb 5Feb 6earnings+2.2%−6.8%
BE −6.8%S&P 500 +2.2%
−10%−5%0Feb 5Feb 6report 4:21pm ETearnings+2.5%−6.8%
−10%−5%0Feb 5Feb 6earnings+2.5%−6.8%
BE −6.8%NASDAQ +2.5%
−10%−5%0+5%Feb 4Feb 13report 4:21pm ETearnings+1.1%−8.3%
−10%−5%0+5%Feb 4Feb 13earnings+1.1%−8.3%
BE −8.3%S&P 500 +1.1%
−10%−5%0+5%Feb 4Feb 13report 4:21pm ETearnings+1.6%−8.3%
−10%−5%0+5%Feb 4Feb 13earnings+1.6%−8.3%
BE −8.3%NASDAQ +1.6%
+4.71%
Day of report
+8.49%
Next session
−2.30%
One week
+11.31%
30 days

S&P 500 over the same 30 days: −2.07%.

Did BE Beat Earnings? Q4 2025 Results

Bloom Energy capped a breakout fiscal year with a fourth-quarter result that left Wall Street's expectations well behind, posting non-GAAP EPS of $0.45 against a consensus of $0.30, a beat of 50.35%, while revenue of $777.68 million topped estimates by 20.51% and climbed 35.9% year-over-year. The driving force was unmistakable: surging demand from AI hyperscalers embracing what CEO KR Sridhar called a secular shift toward "bring-your-own-power," a trend that swelled Bloom's product backlog to roughly $6.00 billion, approximately 2.5 times where it stood a year ago, with total backlog reaching $20.00 billion. <a href="https://247wallst.com/investing/2026/02/05/live-will-bloom-energy-soar-after-earnings-tonight/">Investors had been watching closely</a>, and shares jumped more than 11% in after-hours trading following the print. The momentum carried directly into guidance, with Bloom projecting 2026 revenue of $3.10 billion to $3.30 billion, representing more than 50% growth, alongside non-GAAP EPS of $1.33 to $1.48, roughly double the full-year 2025 figure, as the company scales manufacturing to meet what it sees as durable, structural demand.

Key Takeaways
  • Significant growth from AI data center industry
  • Continued strong demand from commercial and industrial (C&I) business
  • Product cost reductions and operating leverage
  • Service gross margin improvement to 19.5% non-GAAP in Q4 from 0.5% a year ago
  • Product backlog growth of approximately 2.5x year-over-year to ~$6 billion

“Bring-your-own-power has shifted from a slogan to a business necessity for AI hyperscalers and manufacturing facilities. This shift is secular and growing. We have built a solid state digital power platform for the digital age that is superior to any legacy solution.”

Bloom Energy CEO, on the earnings call

Forward Guidance & Outlook

For full-year 2026, Bloom Energy guides to revenue of $3.1B–$3.3B (over 50% YoY growth), non-GAAP gross margin of approximately 32% (+200 bps YoY), non-GAAP operating income of $425M–$475M (approximately 2x YoY), non-GAAP EPS of $1.33–$1.48 (approximately 2x YoY), adjusted EBITDA of $475M–$525M, and cash flow from operating activities of $200M.

BE YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$300.0M$600.0M$572.4M$777.7MRevenue$219.3M$239.9MGross Profit$104.7M$87.5MOperating Income$104.9M$1.1MNet Income
$0$300.0M$600.0MRevenueGross ProfitOperating IncomeNet Income

BE Revenue by Segment

Product$638.5M+35.4%
Service$61.7M+14.7%
Installation$67.3M+86.4%
Electricity$10.2M

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