Bloom Energy (BE) third 2026 Financial Results Summary
QuoteReporter
Bloom Energy (BE) Q3 2026: Record Revenue Growth and Raised Guidance — Strongly Positive
Bloom Energy Corporation (NYSE: BE) reported a remarkable third quarter for 2026, achieving record quarterly revenue of $1,235.8 million, which represents an increase of $716.8 million or 138.1% year-over-year compared to $519.0 million in Q3 2025. This significant growth underscores the company's strong market position and operational execution.
Key Financial Metrics
- Revenue: $1,235.8 million, up $716.8 million or 138.1% YoY
- Product Revenue: $1,073.6 million, up $689.3 million or 179.4% YoY
- Gross Margin: 33.8%, up 453 basis points YoY
- Operating Income: $225.4 million, up $217.6 million YoY
- GAAP EPS: $0.78, up $0.88 YoY
- Non-GAAP EPS: $0.94, up $0.79 YoY
This quarter's performance is undoubtedly a positive outcome for shareholders, reflecting not only robust revenue growth but also significant improvements in profitability metrics. The operating income surged to $225.4 million, a stark increase from just $7.8 million in the same quarter last year, indicating a successful scaling of operations and effective cost management.
Dividend and Guidance Changes
Bloom Energy has raised its full-year 2026 revenue guidance to a range of $4.4 billion to $4.6 billion, which translates to a midpoint growth of 122% year-over-year. This upward revision is a strong indicator of the company's confidence in sustaining its growth trajectory, driven by increasing demand for its energy solutions.
Analyst Opinion
This quarter is a resounding success for Bloom Energy, showcasing its ability to capitalize on the growing demand for distributed energy solutions. The substantial revenue growth, coupled with improved margins and profitability, positions the company favorably in the market. The addition to the S&P 500 further solidifies its credibility and visibility among investors.
The increase in both GAAP and non-GAAP EPS reflects the company's operational efficiency and strategic investments, which are paying off. The strong performance in product revenue, which grew by 179.4%, indicates that Bloom Energy is effectively capturing market share and expanding its customer base.
Forward Catalysts
Investors should keep an eye on the upcoming quarters for continued growth in revenue and profitability, particularly as Bloom Energy expands its capabilities and capacity. The company’s focus on building a robust electricity platform for the digital era is likely to drive further demand. Additionally, the market's response to the raised guidance will be crucial in assessing investor sentiment moving forward.
In conclusion, Bloom Energy's Q3 2026 results not only beat expectations but also set a strong foundation for future growth, making it an attractive prospect for investors looking for exposure in the renewable energy sector.
Note: All amounts in the following tables are in thousands.
Condensed Consolidated Statements of Operations
| Three Months Ended September 30, 2026 | Three Months Ended June 30, 2026 | Three Months Ended September 30, 2025 | |
|---|---|---|---|
| Revenue: | |||
| Product | $1,073,610 | $935,413 | $384,314 |
| Installation | $84,855 | $50,978 | $65,773 |
| Service | $67,557 | $69,023 | $58,607 |
| Electricity | $9,815 | $9,951 | $10,354 |
| Total revenue | $1,235,837 | $1,065,365 | $519,048 |
| Cost of revenue: | |||
| Product | $666,978 | $593,957 | $249,794 |
| Installation | $88,954 | $52,829 | $59,921 |
| Service | $55,508 | $56,148 | $51,834 |
| Electricity | $7,293 | $6,859 | $5,824 |
| Total cost of revenue | $818,733 | $709,793 | $367,373 |
| Gross profit | $417,104 | $355,572 | $151,675 |
| Operating expenses: | |||
| Research and development | $64,146 | $58,873 | $48,724 |
| Sales and marketing | $52,409 | $43,045 | $41,995 |
| General and administrative | $75,100 | $71,417 | $53,110 |
| Total operating expenses | $191,655 | $173,335 | $143,829 |
| Income from operations | $225,449 | $182,237 | $7,846 |
| Interest income | $22,129 | $20,881 | $5,292 |
| Interest expense | -$7,525 | -$8,906 | -$14,390 |
| Equity in (loss) earnings of unconsolidated affiliates | -$2,897 | $4,346 | -$19,599 |
| Other income (expense), net | $12,627 | $2,307 | -$1,362 |
| Gain (loss) on revaluation of embedded derivatives | $10 | -$539 | -$411 |
| Profit (loss) before income taxes | $249,793 | $200,326 | -$22,624 |
| Income tax provision | $817 | $1,470 | $336 |
| Net profit (loss) | $248,976 | $198,856 | -$22,960 |
| Less: Net (loss) income attributable to noncontrolling interest | -$1,295 | $2,566 | $133 |
| Net income (loss) attributable to common stockholders | $250,271 | $196,290 | -$23,093 |
| Net earnings (loss) per share available to common stockholders: | |||
| Basic | $0.85 | $0.68 | -$0.10 |
| Diluted | $0.78 | $0.62 | -$0.10 |
| Weighted average shares used to compute net earnings (loss) per share available to common stockholders: | |||
| Basic | 294,757 | 287,288 | 234,931 |
| Diluted | 324,289 | 323,331 | 234,931 |
Condensed Consolidated Balance Sheets
| Assets | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $2,486,702 | $2,454,108 |
| Restricted cash | $852 | $1,973 |
| Accounts receivable, less allowance for credit losses of $2,998 and $460 as of September 30, 2026 and December 31, 2025, respectively | $634,743 | $371,796 |
| Contract assets | $792,833 | $178,928 |
| Inventories | $927,670 | $643,306 |
| Deferred cost of revenue | $95,743 | $30,651 |
| Customer consideration asset | $90,967 | — |
| Prepaid expenses and other current assets | $178,244 | $49,805 |
| Total current assets | $5,207,754 | $3,730,567 |
| Property, plant and equipment, net | $539,726 | $398,507 |
| Investments in unconsolidated affiliates | $28,236 | $10,037 |
| Operating lease right-of-use assets | $99,947 | $108,541 |
| Restricted cash | $20,592 | $25,499 |
| Contract assets | $65,813 | $62,258 |
| Deferred cost of revenue | $21,867 | $4,099 |
| Customer consideration asset | $215,533 | — |
| Other long-term assets | $372,115 | $57,203 |
| Total assets | $6,571,583 | $4,396,711 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $493,033 | $203,129 |
| Accrued warranty | $70,267 | $20,013 |
| Accrued expenses and other current liabilities | $479,782 | $222,254 |
| Deferred revenue and customer deposits | $278,985 | $100,975 |
| Operating lease liabilities | $24,022 | $22,000 |
| Financing obligations | $42,783 | $51,308 |
| Non-recourse debt | $2,950 | $4,153 |
| Total current liabilities | $1,391,822 | $623,832 |
| Deferred revenue and customer deposits | $475,395 | $42,840 |
| Operating lease liabilities | $96,509 | $106,935 |
| Financing obligations | $142,212 | $192,460 |
| Recourse debt | $2,473,499 | $2,613,726 |
| Deferred profit in transactions with unconsolidated affiliates | $20,062 | $13,928
DisclaimerThe content on MarketsFN.com is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or trading guidance. All investments carry risk and past performance does not guarantee future results. You are solely responsible for your investment decisions and should conduct independent research and consult a qualified financial advisor before acting. MarketsFN.com and its authors are not liable for any losses or damages arising from the use of this information. Related Articles Trending Stocks SS&C Technologies Holdings (SSNC) Q3 2026 Financial Results SummarySS&C Technologies (SSNC) Q3 2026: Revenue Growth Continues, EPS Steady — Positive Outlook SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) reported its Q3 2026 financial results, showcasing a solid performance with GAAP revenue of $1,690.0 million, reflecting an increase of $122.0 million or 7.8%... QuoteReporter 3 minOct 23, 2026  Trending Stocks Omnicom Group Inc. (OMC) Q3 2026 Financial Results SummaryOmnicom (OMC) Q3 2026: Strong Growth Post-IPG Acquisition — Positive Outlook Omnicom (NYSE: OMC) reported its third-quarter results for 2026, showcasing significant growth driven by the integration of The Interpublic Group of Companies (IPG). The company achieved a revenue increase of $2.4 billion,... QuoteReporter 2 minOct 23, 2026  Trending Stocks VeriSign (VRSN) Q3 2026 Financial Results SummaryVerisign (VRSN) Q3 2026: Revenue Growth and EPS Increase — Positive Outlook Verisign, Inc. (NASDAQ: VRSN) reported its financial results for the third quarter of 2026, showcasing a solid performance with revenue of $443 million, reflecting an increase of $24.9 million or 5.7% compared to the same... QuoteReporter 3 minOct 23, 2026 |