Bloom Energy Reports Record Second Quarter 2026 Financial Results and Raises Full Year Guidance
SAN JOSE, CA – July 28, 2026 – Bloom Energy Corporation (NYSE: BE) has announced its remarkable financial results for the second quarter ended June 30, 2026, showcasing unprecedented growth and operational success. The press release reveals a significant increase in revenue and profitability, affirming the company's strong market position in the energy sector.
1. Second Quarter 2026 Highlights
Bloom Energy's financial performance in Q2 2026 demonstrated a year-over-year surge that underscores its expanding influence in the energy market:
- Revenue: $1,065.4 million, representing a 165.5% increase from $401.2 million in Q2 2025.
- Product Revenue: $935.4 million, up 215.4% compared to $296.6 million a year ago.
- Gross Margin: Improved to 33.4%, a rise of 668 basis points from 26.7%.
- Operating Income: Rebounded to $182.2 million, a remarkable increase of $185.7 million from an operating loss of $3.5 million in the previous year.
- Cash Flow: Generated $226.4 million from operating activities, marking a $439.5 million turnaround from a cash used in operations of $213.1 million in Q2 2025.
- Earnings Per Share (EPS): Reported at $0.62, an increase of $0.80 from a loss of $0.18 in the same quarter last year. Non-GAAP EPS rose to $0.78, up $0.68 compared to $0.10.
2. Leadership Commentary
KR Sridhar, Founder, Chairman, and CEO of Bloom Energy, emphasized the accelerating demand for the company's innovative solutions. "Customers who traditionally defaulted to combustion technologies are now proactively choosing Bloom as a superior power solution," he stated. He further noted that major U.S. hyperscalers and numerous data center operators have recognized and approved Bloom’s power solutions for their AI operations, establishing the company as a standard for AI onsite power.
Simon Edwards, Chief Financial Officer, highlighted the quarter's exceptional performance. "This quarter was the strongest in Bloom’s history," he remarked, pointing to profitable growth and positive cash flow as indicators of the company’s disciplined execution strategy. Edwards also expressed confidence in Bloom's ability to meet the robust demand for its unique power solutions.
3. Summary of Key Financial Metrics
Bloom Energy provided a detailed overview of its financial performance, comparing key metrics against previous quarters and the prior year:
GAAP Financial Information
| ($000), except EPS data | Q2'26 | Q1'26 | Q2'25 |
|---|---|---|---|
| Revenue | $1,065,365 | $751,054 | $401,242 |
| Cost of Revenue | $709,793 | $525,510 | $294,119 |
| Gross Profit | $355,572 | $225,544 | $107,123 |
| Gross Margin | 33.4% | 30.0% | 26.7% |
| Operating Expenses | $173,335 | $153,354 | $110,626 |
| Operating Income (Loss) | $182,237 | $72,190 | ($3,503) |
| Net Profit (Loss) | $196,290 | $70,653 | ($42,619) |
| GAAP EPS, Diluted | $0.62 | $0.23 | ($0.18) |
Non-GAAP Financial Information
| ($000), except EPS data | Q2'26 | Q1'26 | Q2'25 |
|---|---|---|---|
| Revenue | $1,065,365 | $751,054 | $401,242 |
| Cost of Revenue | $700,002 | $514,750 | $287,892 |
| Gross Profit | $365,363 | $236,305 | $113,350 |
| Non-GAAP EPS, Diluted | $0.78 | $0.44 | $0.10 |
4. Revised Guidance for 2026
In light of its strong performance, Bloom Energy has raised its full-year 2026 financial guidance:
- Revenue: Expected to be between $3.9 billion and $4.2 billion.
- Non-GAAP Gross Margin: Approximately 34%.
- Non-GAAP Operating Income: Projected between $800 million and $900 million.
- Non-GAAP EPS: Estimated to be between $2.55 and $2.85.
5. Upcoming Investor Conference Call
Bloom Energy will host a conference call on July 28, 2026, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results in detail. Analysts and investors can participate through a toll-free dial-in number or via a live webcast available on the company's investor relations webpage.
6. Conclusion
Bloom Energy's second quarter results highlight a transformative period for the company, characterized by substantial growth, a clear demand for innovative energy solutions, and a positive outlook for the rest of 2026. As it continues to lead in on-site power solutions, Bloom Energy is well-positioned to capitalize on the evolving energy landscape.
