Bloom Energy Q2 Revenue Surges 166% to Top $1 Billion for First Time as Stock Plunges 11%

Bloom Energy disclosed in an SEC Form 8-K that its second-quarter 2026 revenue reached $1.065 billion, surpassing $1 billion for the first time. The figure marks a 166% surge from a year earlier, but as of 11:00 a.m. KST on July 29, shares were trading at $166.84, down 11.34% from the previous close.

📊 Price at time of writing (July 29, 2026, 11:00 AM KST)
$166.84 ▼ -11.34%

Q2 Results at a Glance

Bloom Energy's second-quarter revenue set a new record, surpassing even the previous quarter's $751.1 million. Gross margin improved to 33.4%, up 6.7 percentage points from 26.7% a year earlier, and the company swung to an operating profit. Bloom Energy attributed the growth to rising power demand from data center and artificial intelligence (AI) companies.

• Revenue: $1.065 billion, up 166% from $401.2 million a year earlier
• Product revenue: $935.4 million, up 215% from $296.6 million a year earlier
• Diluted earnings per share (EPS): $0.62, swinging from a $0.18 loss a year earlier (adjusted EPS: $0.78)
• Operating income: $182.2 million, swinging from an operating loss of $3.5 million a year earlier
• Operating cash flow: net inflow of $226.4 million, improving from a net outflow of $213.1 million a year earlier
• Exact Wall Street consensus estimates were not disclosed, but multiple outlets reported that both revenue and earnings beat expectations

Outlook

Bloom Energy also raised its full-year fiscal 2026 revenue guidance to a range of $3.9 billion to $4.2 billion. At the midpoint of the company's own guidance, that implies revenue growth of roughly 100% year over year. The company also raised its adjusted operating income guidance (excluding interest, taxes, depreciation and amortization) to $800 million to $900 million, and projected adjusted gross margin of about 34% and adjusted EPS of $2.55 to $2.85. CEO KR Sridhar said, "Major U.S. hyperscale cloud providers, along with more than a dozen emerging cloud and AI companies, have approved our power delivery model." CFO Simon Edwards said, "This was the best quarter in company history — we were profitable and generated positive operating cash flow."

Market Reaction

Investing.com and Barron's reported that Bloom Energy shares rose in after-hours trading immediately following the earnings release. Barron's noted the stock jumped after the company forecast revenue would roughly double, while Benzinga said second-quarter results came in well above expectations. However, as of 11:00 a.m. KST on July 29, shares were trading at $166.84, down 11.34% from the previous close. The Wall Street Journal reported that the stock swung sharply around the earnings release, though the exact cause of the decline was not specifically explained in media reports.

This article was automatically generated based on the original SEC Form 8-K filing and media reports, with the goal of delivering key data quickly after the announcement. Readers are advised to review the company's official filings before making trading decisions. Prices reflect the time of writing and may differ from current levels.