Q2 26 EPS
$0.78
BEAT +91.83%
Est. $0.41
Q2 26 Revenue
$1.07B
BEAT +28.82%
Est. $827.0M
vs S&P Since Q2 26
+16.8%
BEATING MARKET
BE +23.2% vs S&P +6.4%
Market Reaction
Did BE Beat Earnings? Q2 2026 Results
Bloom Energy delivered a blowout second quarter for fiscal 2026, posting non-GAAP EPS of $0.78 against a consensus estimate of $0.41, a beat of 91.83% that extended the company's streak of topping consensus EPS estimates to four consecutive quarters.… Read more Bloom Energy delivered a blowout second quarter for fiscal 2026, posting non-GAAP EPS of $0.78 against a consensus estimate of $0.41, a beat of 91.83% that extended the company's streak of topping consensus EPS estimates to four consecutive quarters. Revenue reached $1.07 billion, clearing the $827.02 million estimate by 28.82% and rising 165.5% year-over-year, with the dominant driver being product revenue, which surged 215% to $935.41 million as hyperscalers, neoclouds, and AI data center operators accelerated adoption of Bloom's onsite power solutions. Skepticism heading into the print proved misplaced, as GAAP operating income swung to $182.24 million from a loss of $3.50 million a year ago and operating cash flow turned sharply positive at $226.43 million. Looking ahead, management raised full-year 2026 revenue guidance to $3.90 billion to $4.20 billion, representing roughly 100% year-over-year growth at the midpoint, with non-GAAP EPS expected in the range of $2.55 to $2.85.
Key Takeaways
- • 215% year-over-year product revenue growth driven by AI data center demand
- • All major US hyperscalers and over a dozen neoclouds, AI labs, and colocation operators validated Bloom's power solutions
- • Gross margin expansion of 668 basis points year-over-year to 33.4% GAAP
- • Operating leverage with non-GAAP operating expenses as percentage of revenue declining
- • Swing to positive operating cash flow of $226.4 million from negative $213.1 million year-over-year
BE Forward Guidance & Outlook
Bloom Energy raised its full-year 2026 guidance: revenue of $3.9 billion to $4.2 billion (representing approximately 100% year-over-year growth at the midpoint), non-GAAP gross margin of approximately 34%, non-GAAP operating income of $800 million to $900 million, and non-GAAP EPS of $2.55 to $2.85.
BE YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
BE Revenue by Segment
With YoY comparisons, source: SEC Filings
“The demand for Bloom Energy's solutions keeps accelerating every quarter as customers who traditionally defaulted to combustion technologies are now proactively choosing Bloom as a superior power solution. Today, all the major US hyperscalers and over a dozen US neoclouds, AI labs, and colocation data center operators have validated and approved our power solutions for their AI factories. Bloom is now a standard for AI onsite power.”
— KR Sridhar, Q2 2026 Earnings Press Release
BE Earnings Trends
BE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BE EPS Trend
Earnings per share: estimate vs actual
BE Revenue Trend
Quarterly revenue: estimate vs actual
BE Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.41 | $0.78 | +91.83% | $1.07B | +28.82% |
| Q1 26 BEAT | $0.13 | $0.44 | +242.41% | $751.1M | +39.08% |
| Q4 25 BEAT FY | $0.30 | $0.45 | +50.35% | $777.7M | +20.51% |
| FY Full Year | — | $0.76 | — | $2.02B | — |
| Q3 25 BEAT | $0.10 | $0.15 | +50.15% | $519.0M | +21.73% |
| Q2 25 BEAT | $0.02 | $0.10 | +455.56% | $401.2M | +5.91% |