Bloom Energy (BE) Q4 2025 Earnings
How Did BE Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −2.07%.
Did BE Beat Earnings? Q4 2025 Results
Yes. Bloom Energy reported Q4 2025 earnings of $0.45 a share on Feb 5, 2026, beating the $0.30 consensus estimate by 50.4%. Revenue was $777.7M against a $645.3M estimate.
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.
- 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
What Was Bloom Energy's Outlook in Q4 2025?
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
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $777.7M | $572.4M | +35.9% |
| Gross Profit | $239.9M | $219.3M | +9.4% |
| Operating Income | $87.5M | $104.7M | −16.4% |
| Net Income | $1.1M | $104.9M | −99.0% |
BE Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.