Bloom Energy Corp (NYSE:BE) posted financial results for the third quarter after the market close on Thursday. Here’s a look at the key details from the report.
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Bloom Energy Q3 Earnings
Bloom Energy reported third-quarter revenue of $1.24 billion, beating analyst estimates of $1.05 billion, according to Benzinga Pro. The fuel cell company posted third-quarter adjusted earnings of 94 cents per share, beating estimates of 68 cents per share.
Total revenue grew 138.1% on a year-over-year basis. Product revenue accounted for $1.074 billion of the company’s quarterly revenue, up 179.4% year-over-year. Gross margin increased 453 basis points to 33.8%, or 34.5% on an adjusted basis.
Bloom Energy ended the quarter with approximately $2.49 billion in total cash and cash equivalents.
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“What began with hyperscalers is rapidly moving across market segments because every business needs reliable power to grow. We are building the electricity platform for the digital era: power where it is needed, when it is needed, clean and always on,” said KR Sridhar, founder, chairman and CEO of Bloom Energy.
Bloom Energy raised its full-year 2026 revenue guidance from a range of $3.90 billion to $4.20 billion to a new range of $4.40 billion to $4.60 billion. The company also raised its full-year adjusted earnings outlook from a range of $2.55 to $2.85 per share to a new range of $3.10 to $3.40 per share. Current analyst estimates call for full-year revenue of $4.10 billion and adjusted earnings of $2.73 per share.
Bloom Energy management will further discuss the quarter on an earnings call with investors and analysts at 5 p.m. ET.
BE Shares Move Lower After Earnings
BE Price Action: Bloom Energy shares were down 2.65% in after-hours, trading at $212 at the time of publication on Thursday, according to Benzinga Pro.
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