Companies /Industrials

Bloom Energy Corp - Class A

NYSE: BE Electrical Equipment & Parts
$277.22
▲ $24.35 (+9.63%) today
Markets closed · 9:20am ET

Q1 2026 Earnings

Reported Apr 28, 2026, 4:07pm ET · SEC source
$0.44
Beat +242.41%
EPS · est. $0.13
$751.1M
Beat +39.08%
Revenue · est. $540.0M
−11.6%
Trailing market
BE vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−9%0+9%+18%Apr 28Apr 29report 4:07pm ETearnings+0.2%+18.8%
−9%0+9%+18%Apr 28Apr 29earnings+0.2%+18.8%
BE +18.8%S&P 500 +0.2%
−9%0+9%+18%Apr 28Apr 29report 4:07pm ETearnings+1.3%+18.8%
−9%0+9%+18%Apr 28Apr 29earnings+1.3%+18.8%
BE +18.8%NASDAQ +1.3%
−10%0+10%+20%Apr 27May 6report 4:07pm ETearnings+3.0%+11.1%
−10%0+10%+20%Apr 27May 6earnings+3.0%+11.1%
BE +11.1%S&P 500 +3.0%
−10%0+10%+20%Apr 27May 6report 4:07pm ETearnings+5.4%+11.1%
−10%0+10%+20%Apr 27May 6earnings+5.4%+11.1%
BE +11.1%NASDAQ +5.4%
+27.21%
Day of report
−1.60%
Next session
−0.87%
One week
−5.02%
30 days

S&P 500 over the same 30 days: +6.60%.

Did BE Beat Earnings? Q1 2026 Results

Bloom Energy delivered a <a href="https://247wallst.com/investing/2026/04/28/live-will-bloom-energy-smash-q1-earnings-after-the-bell-tonight/">standout first quarter</a> for 2026, posting non-GAAP diluted EPS of $0.44 against a consensus estimate of $0.13, a beat of 242.41%, while revenue of $751.05 million topped the $540.02 million consensus by 39.08% and surged 130.4% year-over-year. The primary engine behind those figures was a 208.4% jump in product revenue to $653.35 million, fueled in large part by $373.30 million in related-party sales to Brookfield Asset Management joint ventures, compared to just $2.80 million a year earlier. The company swung to GAAP operating income of $72.19 million from a loss of $19.07 million in Q1 2025, and adjusted EBITDA nearly sextupled to $142.99 million. Operating cash flow turned sharply positive at $73.61 million versus negative $110.68 million a year ago. Emboldened by the momentum, Bloom raised its full-year 2026 revenue guidance to $3.40 billion to $3.80 billion, implying roughly 80% year-over-year growth at the midpoint, with non-GAAP EPS guided to $1.85 to $2.25.

Key Takeaways
  • 208% product revenue growth year-over-year driving overall 130% revenue increase
  • Service gross margin expansion of 12.0 percentage points to 13.3% GAAP
  • Operating leverage with non-GAAP operating expenses declining as a percentage of revenue
  • Significant related-party revenue of $373.3 million from Brookfield joint ventures
  • Cash flow from operations improved by $184.3 million year-over-year

“We at Bloom are ushering in the era of digital power for the digital age. Bloom is rapidly becoming the standard and "go-to choice" for on-site power.”

Bloom Energy CEO, on the earnings call

Forward Guidance & Outlook

Bloom Energy raised its full-year 2026 guidance: revenue of $3.4B–$3.8B (approximately 80% YoY growth at the midpoint, up from prior guidance of ~60%), non-GAAP gross margin of ~34%, non-GAAP operating income of $600M–$750M, non-GAAP EPS of $1.85–$2.25, Adjusted EBITDA of $650M–$800M, and operating cash flow exceeding $200M.

BE YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$300.0M$600.0M$326.0M$751.1MRevenue$88.8M$225.5MGross Profit$12.4M$72.2MOperating Income$14.2M$70.7MNet Income
$0$300.0M$600.0MRevenueGross ProfitOperating IncomeNet Income

BE Revenue by Segment

Product$653.3M+208.4%
Service$61.9M
Installation$25.9M
Electricity$9.9M

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