Bloom Energy is expected to report Q3 earnings at 4:05 PM ET tonight after a brutal selloff for the AI power infrastructure company.
Analysts expect $1.07 billion in revenue and earnings of approximately $0.67 per share, putting significant pressure on Bloom to deliver strong results.
Shares plunged 10.04% today and have fallen 21.37% over the past month. With Bloom trading at roughly 314 times trailing earnings, expectations for future growth remain enormous. Analysts currently project earnings of approximately $4.94 per share in 2027.
Investors will be watching whether Bloom can maintain gross margins near its 34% full-year target and how quickly its financing partnership with Brookfield Asset Management can translate into actual deployments and revenue.
Tonight, strong margins and faster deployments could help restore confidence, while execution delays could extend the stock’s recent slide.
This article is updated throughout the trading day. Check back for more.
Bloom Energy (NYSE:BE) is expected to report third-quarter results today at 4:05 PM ET, after the market closes. The stock fell 10.04% ahead of the release, and tonight’s results will show whether it can recover by the end of the week.
Last quarter, Bloom Energy reported its first quarter with over $1 billion in revenue. Q2 revenue came in at $1.065 billion, up 166% year-over-year, and non-GAAP EPS of $0.78 beat the $0.4066 estimate. The stock gained 43.1% in the seven days after that report. It has since pulled back, though it remains up 146.96% year to date. Operating cash flow reached $226 million and free cash flow hit $175 million.
Management raised 2026 guidance to $3.9-$4.2 billion in revenue and $2.55-$2.85 in non-GAAP EPS. The company also said all major U.S. hyperscalers have approved its systems.
| Metric | Q3 2026 Estimate | YoY Change | FY 2026 Estimate | FY 2027 Estimate |
|---|---|---|---|---|
| Revenue | $1.07B | +106.4% | $4.12B | $6.82B |
| EPS (Normalized) | $0.6724 | +348.3% | $2.7079 | $4.9384 |
The revenue consensus is about flat with Q2, so analysts are modeling a pause in sequential growth after an uneven delivery quarter. The Q3 EPS estimate has risen from $0.5216 90 days ago. Full-year consensus already falls inside management’s guided ranges.
One of the top numbers I’m watching tonight is the gross margin. Q2 gross margin hit 34.3%, and services margin reached 22%. However, management said it will prioritize fast delivery over protecting margin in any one quarter.
Another focus is how much of Brookfield’s recently expanded $25 billion financing framework gets used. A second group led by Industrial Development Funding has committed $2.6 billion. The more of these commitments become funded installations, the clearer the revenue path through 2027.
Analysts will also be watching revenue concentration among customers. Management warned that “one or two customers may lead revenue in a given quarter” because large campus deliveries are uneven. Any comments on project delays matter, along with the claim that its equipment can be moved from one site to another.
Investors are going to be watching operating leverage too. In Q2, revenue grew 166% while operating expenses rose 48%, and management called $375 million plus a new baseline for cash flow from operations. Analysts will also be listening for updates on manufacturing capacity and scandium supply, which management said is secured for 25 gigawatts of deployments.
| Quarter | EPS Surprise | 1-Day Move | 7-Day Move | 30-Day Move |
|---|---|---|---|---|
| Q2 2026 | +91.83% | +26.49% | +43.1% | +28.71% |
| Q1 2026 | +242.41% | -1.6% | -0.87% | -5.02% |
| Q4 2025 | +50.35% | +8.49% | -2.3% | +11.31% |
| Q3 2025 | +50.15% | -4.38% | +5.76% | -26.01% |
On average, shares have swung 11.4% in the week following earnings over the past year.
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Thomas Richmond is a financial writer and content strategist with 5+ years of experience covering stocks and financial markets. He has published over 500 articles focused on individual stock analysis, helping investors better understand business fundamentals, stock valuations, and long-term opportunities.
Thomas previously served as a Content Lead at TIKR, a stock research platform, where he helped scale the company’s blog to hundreds of articles per month and contributed to a weekly newsletter reaching more than 100,000 investors.
Outside of work, Thomas enjoys weight lifting and soccer.
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