Bloom Energy Q3 revenue beats estimates on record product sales; raises FY2026 guidance

Bloom Energy

Today 21:13

Overview
U.S. fuel cell systems provider's Q3 revenue grew 138% yr/yr, beating analyst expectations
Adjusted EPS for Q3 rose sharply yr/yr
Company raised full-year 2026 revenue guidance

Outlook
Bloom Energy raises 2026 revenue guidance to $4.4 bln-$4.6 bln
Company expects 2026 non-GAAP gross margin of about 34%
Bloom Energy forecasts 2026 non-GAAP EPS of $3.10-$3.40

Result Drivers
PRODUCT SALES - Co said surge in product revenue drove overall revenue growth
CUSTOMER DEMAND - Co said year-to-date performance and customer demand gave it confidence to raise its 2026 outlook
MARGIN EXPANSION - Co reported higher gross margin, contributing to improved profitability

Company press release: ID:nBw6FL0M9a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.24 bln
$1.06 bln (21 Analysts)
Q3 EPS
 
$0.78
 
Q3 Gross Margin
 
33.80%
 
Q3 Basic EPS
 
$0.85
 
Q3 Operating Expenses
 
$191.66 mln
 
Q3 Operating income
 
$225.45 mln
 
Q3 Operating Margin
 
18.20%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "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 Corporation is $298.00, about 24.9% above its October 21 closing price of $238.53
The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 93 three months ago

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(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.)