Bloom Energy Corp · 8-K EX-99.1 · 2026-07-28
A clean-energy power company posts its best quarter ever — revenue up 166% year over year — as hyperscalers and AI data centers adopt its fuel cells as a standard onsite power source.
1 / 5In the filing
Customers who traditionally defaulted to combustion technologies are now proactively choosing Bloom as a superior power solution.”
Customers who traditionally defaulted to combustion technologies are now proactively choosing Bloom as a superior power solution.
Sridhar frames the revenue surge as a structural market shift, not a cyclical win, anchoring the quarter's growth in competitive displacement.
In context
•EPS of $0.62 increased $0.80 compared to a loss of $(0.18). Non-GAAP EPS of $0.78 increased $0.68 compared to $0.10. KR Sridhar, Founder, Chairman and Chief Executive Officer of Bloom Energy, said, “The demand for Bloom Energy’s solutions keeps accelerating every quarter as customers who traditionally defaulted to combustion technologies are now proactively choosing Bloom as a superior power solution. Today, all the major US hyperscalers and over a dozen US neoclouds, AI labs, and colocation data center operators have validated and approved our power solutions for their AI factories. Bloom is now a standard for AI onsite power.”
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Revenue of $1,065.4 million increased 165.5% compared to $401.2 million. Product revenue of $935.4 million increased 215.4% compared to $296.6 million.
The top-line jump from $401.2M to $1,065.4M, led by product revenue tripling, shows the scale behind the record-quarter headline.
In context
Second Quarter 2026 Highlights All comparisons are to the second quarter of 2025. •Revenue of $1,065.4 million increased 165.5% compared to $401.2 million. Product revenue of $935.4 million increased 215.4% compared to $296.6 million. •Gross margin of 33.4% increased 668 basis points compared to 26.7%. Non-GAAP gross margin of 34.3% increased 604 basis points compared to 28.2%. •Operating income of $182.2 million increased $185.7 million compared to $3.5 million operating loss. Non-GAAP operating income of $239.6 million increased $211.0 million compared to $28.6 million.
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Bloom is now a standard for AI onsite power.
The CEO closes his statement with a positioning claim that elevates Bloom from a vendor to an industry default for AI power infrastructure.
In context
•EPS of $0.62 increased $0.80 compared to a loss of $(0.18). Non-GAAP EPS of $0.78 increased $0.68 compared to $0.10. KR Sridhar, Founder, Chairman and Chief Executive Officer of Bloom Energy, said, “The demand for Bloom Energy’s solutions keeps accelerating every quarter as customers who traditionally defaulted to combustion technologies are now proactively choosing Bloom as a superior power solution. Today, all the major US hyperscalers and over a dozen US neoclouds, AI labs, and colocation data center operators have validated and approved our power solutions for their AI factories. Bloom is now a standard for AI onsite power.”
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Raises full year 2026 revenue guidance to $3.9 billion – 4.2 billion, representing 100% year-over-year growth at the midpoint.
Doubling full-year revenue at the midpoint signals management's confidence that Q2 momentum is durable, not a one-quarter spike.
In context
•Achieved record quarterly revenue of $1.065 billion, surpassing $1 billion for the first time •Delivered 166% year-over-year revenue growth, driven by 215% product revenue growth •Raises full year 2026 revenue guidance to $3.9 billion – 4.2 billion, representing 100% year-over-year growth at the midpoint SAN JOSE, Calif., July 28, 2026—Bloom Energy Corporation (NYSE: BE) (“Bloom,” “Bloom Energy,” “We,” or the “Company”) today reported its financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Highlights
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Cash flow from operating activities of $226.4 million increased $439.5 million from a net cash used in operating activities of $213.1 million.
A $439.5M swing from cash burn to $226.4M inflow shows the profitability improvement has translated into real liquidity, not just accounting gains.
In context
•Gross margin of 33.4% increased 668 basis points compared to 26.7%. Non-GAAP gross margin of 34.3% increased 604 basis points compared to 28.2%. •Operating income of $182.2 million increased $185.7 million compared to $3.5 million operating loss. Non-GAAP operating income of $239.6 million increased $211.0 million compared to $28.6 million. •Cash flow from operating activities of $226.4 million increased $439.5 million from a net cash used in operating activities of $213.1 million. •EPS of $0.62 increased $0.80 compared to a loss of $(0.18). Non-GAAP EPS of $0.78 increased $0.68 compared to $0.10.
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