Bloom Energy Reports Q2 Revenue Surge and Guidance Raise

Bloom Energy reported second-quarter 2026 revenue crossing $1 billion for the first time, fueled by a 166% surge in sales year-over-year to $1.07 billion.

### Session Tape — Bloom Energy After-Hours Tape - Bloom Energy: -6.34% (After-Hours session)

## Catalyst Analysis: Scaling Revenue and Margin Dynamics During the second quarter of 2026, Bloom Energy posted net earnings of $196 million for common stockholders, reversing a loss of approximately $43 million from the same period a year prior. Management updated its 2026 revenue guidance range to $3.9 billion to $4.2 billion, representing a midpoint roughly double the $2.02 billion reported in fiscal 2025.

Beneath the headline gross margin of 33.4%—up from 26.7% a year earlier—underlying margins remain steadier around 30% when accounting for specific refunds and cost structures. Operating expenses climbed 57% year-over-year, shrinking to roughly 16% of revenue compared to about 28% previously. Operating margins improved to approximately 14%, up from 9.6% in the first quarter of 2026. Meanwhile, service gross margins expanded to 19% from 9%.

External headwinds remain part of the operating calculus. Management anticipates existing and upcoming trade policies, including tariffs ranging between 10% and 12.5% across multiple economies alongside potential 50% duties on imported steel and aluminum, to impact gross margins by around 1% through 2025 and 2026.