Bloom Energy beats Q1 revenue estimates, raises 2026 revenue growth outlook

Bloom Energy

28/04/2026 21:33

Overview

U.S. fuel cell systems provider's Q1 revenue rose 130% yr/yr, beating analyst expectations

Company raised full-year 2026 revenue growth guidance midpoint to ~80% yr/yr

Q1 gross margin increased to 30% from 27.2% a year ago

Outlook

Bloom Energy raises full-year 2026 revenue guidance midpoint to ~80% year-over-year growth

Company sees 2026 revenue between $3.4 bln and $3.8 bln

Bloom Energy expects 2026 non-GAAP EPS of $1.85 to $2.25

Result Drivers

PRODUCT REVENUE SURGE - Q1 revenue growth was driven by a 208% increase in product revenue

MARGIN IMPROVEMENT - Gross margin rose by 2.8 percentage points yr/yr to 30%, with service gross margin up 12 percentage points

OPERATING LEVERAGE - Co cited continued operating leverage, with operating income rising by $91.3 mln yr/yr

Company press release: ID:nBw2NkWLba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$751.05 mln
$551.56 mln (17 Analysts)
Q1 EPS
$0.23
Q1 Gross Margin
30.00%
Q1 Basic EPS
$0.25
Q1 Operating Expenses
$153.35 mln
Q1 Operating income
$72.19 mln
Q1 Operating Margin
9.60%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 14 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the heavy electrical equipment peer group is "buy"

Wall Street's median 12-month price target for Bloom Energy Corp is $173.00, about 26.3% below its April 27 closing price of $234.68

The stock recently traded at 123 times the next 12-month earnings vs. a P/E of 82 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)