Bloom Energy swings to Q2 profit, on AI demand; raises outlook

Bloom Energy

28/07/2026 21:15

Overview
US fuel cell systems provider's Q2 revenue rose 166% yr/yr, beating analyst expectations
Company posted GAAP EPS of $0.62, up from a loss last year
Bloom Energy raised full-year 2026 revenue guidance to $3.9-$4.2 bln

Outlook
Bloom Energy raises full-year 2026 revenue guidance to $3.9 bln – $4.2 bln
Company expects 2026 non-GAAP EPS of $2.55 – $2.85
Bloom Energy sees robust demand from AI data centers and US hyperscalers

Result Drivers
PRODUCT REVENUE SURGE - Co said 215% yr/yr growth in product revenue was the main driver of overall revenue increase
DATA CENTER DEMAND - CEO said major US hyperscalers, AI labs, and data center operators are now adopting Bloom's power solutions
SHIFT FROM COMBUSTION - Co said customers who traditionally used combustion technologies are now choosing Bloom's solutions

Company press release: ID:nBw21XKpMa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.07 bln
$827.58 mln (20 Analysts)
Q2 EPS
 
$0.62
 
Q2 Gross Margin
 
33.40%
 
Q2 Basic EPS
 
$0.68
 
Q2 Operating Expenses
 
$173.34 mln
 
Q2 Operating income
 
$182.24 mln
 
Q2 Operating Margin
 
17.10%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "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 $292.50, about 55.4% above its July 27 closing price of $188.18
The stock recently traded at 55 times the next 12-month earnings vs. a P/E of 77 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.)