Bloom Energy (NYSE:BE) Releases Earnings Results, Beats Estimates By $0.37 EPS

Bloom Energy (NYSE:BE) posted its earnings results on Tuesday. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.37, FiscalAI reports. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. During the same period in the previous year, the business earned $0.10 EPS. The business’s quarterly revenue was up 165.5% on a year-over-year basis. Bloom Energy updated its FY 2026 guidance to 2.550-2.850 EPS.

Here are the key takeaways from Bloom Energy’s conference call:

• Record quarterly revenue exceeded $1 billion, reaching $1.065 billion, up 166% year over year, while gross margin expanded to 34.3% and adjusted EBITDA reached $253 million.
• Bloom raised its full-year 2026 outlook to $3.9 billion–$4.2 billion in revenue, $800 million–$900 million in non-GAAP operating income, and $2.55–$2.85 in adjusted diluted EPS.
• Demand from hyperscalers, AI labs, neo-clouds, and data-center operators is accelerating, with Brookfield expanding its financing framework fivefold to $25 billion and other partners bringing total additional commitments to $2.6 billion.
• Management said capacity and supply chain constraints are not currently limiting growth, citing fungible systems, expanded U.S. manufacturing, multiple suppliers, and the ability to deliver on-site power in months rather than years.
• Revenue can remain lumpy and concentrated in individual quarters because large campus deliveries depend on customer readiness; the company also withdrew its formal free-cash-flow guide, although it indicated operating cash flow should exceed $375 million.

Bloom Energy Trading Down 10.9%

BE stock traded down $20.45 during trading on Tuesday, reaching $167.73. 28,432,774 shares of the stock traded hands, compared to its average volume of 11,980,716. The firm has a market capitalization of $47.71 billion, a PE ratio of -3,353.85 and a beta of 3.73. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. The business’s 50 day moving average price is $267.30 and its 200-day moving average price is $208.35. Bloom Energy has a 52-week low of $32.52 and a 52-week high of $351.28.

Insider Buying and Selling

In other news, insider Aman Joshi sold 8,343 shares of Bloom Energy stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $300.37, for a total value of $2,505,986.91. Following the transaction, the insider directly owned 163,807 shares of the company’s stock, valued at $49,202,708.59. The trade was a 4.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Maciej Kurzymski sold 6,229 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $293.36, for a total value of $1,827,339.44. Following the sale, the chief accounting officer owned 81,945 shares of the company’s stock, valued at $24,039,385.20. The trade was a 7.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 153,617 shares of company stock worth $44,003,909. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

A number of hedge funds have recently made changes to their positions in BE. Bayforest Capital Ltd purchased a new stake in Bloom Energy during the 1st quarter worth $2,055,000. AQR Capital Management LLC acquired a new position in shares of Bloom Energy during the first quarter worth about $1,820,000. NewEdge Advisors LLC lifted its stake in shares of Bloom Energy by 674.7% during the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Bloom Energy by 50.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after buying an additional 836,810 shares during the period. Finally, Focus Partners Wealth boosted its position in shares of Bloom Energy by 30.7% in the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after buying an additional 4,716 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BE. JPMorgan Chase & Co. raised their price objective on shares of Bloom Energy from $267.00 to $346.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday, July 21st. Wall Street Zen raised Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Morgan Stanley reissued an “overweight” rating and set a $310.00 price target on shares of Bloom Energy in a research note on Wednesday, April 29th. Finally, Susquehanna raised their target price on shares of Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $254.00.

Trending Headlines about Bloom Energy

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: Record quarterly results: Bloom Energy reported Q2 revenue of $1.065 billion, up 165.5% year over year and well above the roughly $826 million consensus estimate. Product revenue increased 215.4% to $935.4 million, while gross margin expanded to 33.4% from 26.7%. Adjusted earnings of $0.78 per share surpassed estimates near $0.39-$0.41 and compared with $0.10 a year earlier. Bloom Energy Reports Record Second Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
• Positive Sentiment: Guidance raised above Wall Street expectations: Management now forecasts 2026 revenue of $3.9 billion to $4.2 billion, with a $4.05 billion midpoint about 8% above analyst estimates. Adjusted EPS guidance of $2.55 to $2.85 also exceeds the consensus estimate of $1.99, signaling confidence in demand and operating leverage. Bloom Energy Raises Outlook as Profit, Sales Climb
• Positive Sentiment: AI power demand remains a key catalyst: Investors continue to view Bloom’s onsite fuel-cell systems as a potential solution for power-constrained AI data centers. Attention will remain on the company’s expanded infrastructure partnership with Brookfield Asset Management and whether it can convert that opportunity into recurring orders. Bloom Energy Jumps On Blowout Earnings, Strong Guidance For AI Infrastructure Play
• Neutral Sentiment: The results follow significant pre-earnings volatility. Traders had been taking profits after Bloom’s large year-to-date rally, while broader weakness in AI-related stocks and uncertainty surrounding a recent short-seller report pressured sentiment before the release.
• Negative Sentiment: Despite the operating improvement, Bloom remains a richly valued, high-beta stock with substantial debt relative to equity. Investors may demand continued rapid growth and successful execution to justify the valuation, leaving shares vulnerable to profit-taking if future orders, margins or guidance fail to keep pace.

Bloom Energy Company Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.