TLDR
- Bloom Energy’s revenue jumped 165% as AI energy demand accelerated sharply in the second quarter.
- Product sales rose 215% and pushed quarterly revenue past $1 billion.
- Operating income reached $182.2 million after reporting a quarterly loss last year.
- Bloom Energy raised its 2026 guidance after posting record profits and stronger cash flow.
- BE stock rebounded 9.85% after hours after a regular session decline of 11.34%.
Bloom Energy (BE) reported record quarterly results as revenue rose and demand strengthened across data centers and AI infrastructure. The company also raised its full-year outlook after reporting higher margins, profits and operating cash flows. Bloom Energy stock closed 11.34% lower at $166.84 before rebounding 9.85% after hours to $183.27.
Bloom Energy’s revenues rise thanks to strong product sales
Second-quarter revenue reached $1.07 billion, up 165.5% from $401.2 million during the same period last year. Product revenue increased 215.4% to $935.4 million, reflecting strong customer orders and expanding publishing activity. These results represent Bloom Energy’s strongest quarterly revenue performance since the company began reporting public financial results.
Gross profit rose to US$355.6 million from US$107.1 million the previous year. Meanwhile, gross margin expanded to 33.4% from 26.7%, adding 668 basis points year-on-year. Non-GAAP gross profit margin also improved to 34.3%, compared to 28.2% during the same quarter of the previous year.
Bloom Energy It generated operating income of $182.2 million after recording an operating loss of $3.5 million last year. Non-GAAP operating income was $239.6 million, while adjusted EBITDA increased to $253.4 million. These gains were supported by higher sales, stronger pricing, improved production efficiency, and better operating leverage.
Demand for AI power supports record quarterly profits
Demand from data centers remained a key driver of growth during the quarter. Major technology companies, cloud operators and data center developers have continued to approve Bloom Energy’s on-site power systems. The company now provides power solutions for facilities that require reliable electricity without long delays in connecting to the grid.
Bloom Energy The systems produce electricity on-site and help customers avoid transmission limitations. This model has gained interest as power demand rises across AI infrastructure and high-density computing sites. Data center operators increasingly need scalable power supplies that support rapid construction and continuous operations.
Quarterly net profit attributable to common shareholders was US$196.3 million, reflecting a loss of US$42.6 million. Diluted earnings were $0.62 per share, compared to a loss of $0.18 per share last year. Non-GAAP diluted earnings increased to $0.78 per share from $0.10 during the same comparison period.
Bloom Energy raises full-year 2026 guidance
Operating cash flow reached $226.4 million during the second quarter. This result improved by $439.5 million from the $213.1 million cash outflow recorded last year. Strong collections, higher profits and improved working capital supported the sharp turnaround in cash flow.
Bloom Energy It now expects full-year revenue to range between $3.9 billion and $4.2 billion. The company also expects non-GAAP gross margin to reach 34% for the year. Non-GAAP operating income guidance is now between $800 million and $900 million.
The company expects full-year non-GAAP earnings of between $2.55 and $2.85 per share. Bloom Energy plans to continue investing in manufacturing and operational capacity to meet growing customer demand. The revised forecast reflects confidence in demand growth and delivery and the broader need for reliable on-site power.
