Bloom Energy (BE.US) Q3 Revenue Soars 138% and Turns Profitable, Raises Full-Year Guidance

According to Jinse Finance, Bloom Energy (BE.US) released its financial results for the third quarter of 2026 after the US stock market closed on Thursday. The data shows that the company’s revenue for the quarter reached $1.236 billion, a 138.1% year-on-year increase and a new quarterly record. GAAP net income attributable to common shareholders was $250 million, compared to a net loss of $23.09 million in the same period last year, marking a return to profitability.

In terms of earnings per share, Bloom Energy’s GAAP diluted EPS for the third quarter was $0.78, compared to a loss of $0.10 per share in the same period last year. Non-GAAP adjusted EPS was $0.94, higher than $0.15 in the previous year.

Regarding profitability, the company’s third-quarter GAAP gross margin reached 33.8%, up from 29.2% last year. Non-GAAP adjusted gross margin was 34.5%, up from 30.4%. GAAP operating income hit $225 million, compared to only $7.8 million in the same period last year. Non-GAAP adjusted operating income was $286 million, higher than $46.2 million in the previous year.

Bloom Energy’s performance surged significantly, reflecting the expanding demand for its on-site power generation solutions. With the rapid growth in power demand from artificial intelligence data centers, enterprises are placing more importance on reliable, scalable, and rapidly deployable power supply solutions, creating growth opportunities for the company’s solid oxide fuel cell business.

Looking ahead to the full year 2026, Bloom Energy has raised its revenue guidance from the previous $3.9–4.2 billion to $4.4–4.6 billion, with the midpoint representing an approximate 122% increase over full-year revenue in 2025. Meanwhile, the company has raised its full-year non-GAAP operating income guidance from the previous $800–900 million to $960 million–$1.03 billion, and the non-GAAP adjusted EPS forecast from $2.55–2.85 to $3.10–3.40. The full-year non-GAAP gross margin target remains at about 34%.

Bloom Energy stated that it will continue to invest in capacity and business expansion to meet the growing market demand. As artificial intelligence infrastructure construction drives rising power demand, the company expects its on-site power generation technology to play an increasingly important role in enterprise energy supply.