Jun 2026 (Q2 FY26) — Jul 28, 2026
Bloom Energy Q2 FY26 — Record Revenue and Profitability Driven by AI Demand
Read the full callBloom Energy (BE) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Bloom Energy earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 751 | +130.4% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 9.6 | +15.5 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Mar 2026 | Not in the filed figures for the quarter to mar 2026. No older figure is substituted. |
Guidance
What management said, and what became of it
17 of 20 judged targets kept · 13 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Revenue | at least as good as Q1 ($751.1 million) | Mar 2026 | Revenue was $1.065 billion, up 166% year-over-year and 42% sequentially. | Achieved |
| Non-GAAP fully diluted EPS | $1.85 to $2.25 | Mar 2026 | Full year non-GAAP diluted EPS outlook is now expected to be $2.55 to $2.85. | Revised Up |
| Capex for capacity expansion | about $100 million | Jun 2025 | Since the beginning of the year, we have been continuously adding to our American manufacturing capacity in Copy Exact increments and will continue to do so ahead of committed orders. | On Track |
3 of Bloom Energy Corp's 33 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 30 more targets are in the full ledger.
Claimed
- Revenue reached $1.065 billion, marking a 166% year-over-year increase and the first time exceeding $1 billion quarterly.
- Non-GAAP Operating Income was $240 million, up 737% year-over-year, with an operating margin of 22.5%.
- Adjusted EBITDA was $253 million, approximately 24% of revenue.
- Cash flow from operations increased by $439.5 million year-over-year to $226 million.
- Brookfield expanded its commitment fivefold to $25 billion for financing Bloom power projects.
Qualified
Price
$226.22 +2.22% · +$4.91
Performance +102.9% 1Y
1Y: $111.5 on 17 Oct 2025 → $226.22. High $345.85 (22 Jun 2026), low $76.97 (17 Dec 2025).
- Previous close
- $221.31
- 52-week range
- $76.97 – $345.85
- One year
- +107.43%
Overview
- Symbol
- BE
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
17 of 20 judged targets kept · 13 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Revenue | at least as good as Q1 ($751.1 million) | Mar 2026 | Revenue was $1.065 billion, up 166% year-over-year and 42% sequentially. | Achieved |
| Non-GAAP fully diluted EPS | $1.85 to $2.25 | Mar 2026 | Full year non-GAAP diluted EPS outlook is now expected to be $2.55 to $2.85. | Revised Up |
| Capex for capacity expansion | about $100 million | Jun 2025 | Since the beginning of the year, we have been continuously adding to our American manufacturing capacity in Copy Exact increments and will continue to do so ahead of committed orders. | On Track |
Claimed
- Revenue reached $1.065 billion, marking a 166% year-over-year increase and the first time exceeding $1 billion quarterly.
- Non-GAAP Operating Income was $240 million, up 737% year-over-year, with an operating margin of 22.5%.
- Adjusted EBITDA was $253 million, approximately 24% of revenue.
- Cash flow from operations increased by $439.5 million year-over-year to $226 million.
- Brookfield expanded its commitment fivefold to $25 billion for financing Bloom power projects.
Qualified
The full ledger
Open Bloom Energy Corp’s full ledger
A free account opens 5 company ledgers a month. All 33 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 28, 2026
Bloom Energy Q1 FY26 — record quarter, Oracle Project Jupiter win, guidance raised materially
Read the full callDec 2025 (Q4 FY25) — Feb 5, 2026
Bloom Energy Q4 FY25 — Record Revenue, Strong Backlog Growth, and 800V DC Innovation
Read the full callEvery analysed call
Bloom Energy earnings calls (BE)
Financials
What the filings say
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 336 | 330 | 572 | 326 | 401 | 519 | 778 | 751 |
| Operating profit | -23 | -10 | 105 | -19 | -4 | 8 | 88 | 72 |
| Operating margin | −6.9% | −2.9% | 18.3% | −5.8% | −0.9% | 1.5% | 11.3% | 9.6% |
| Interest | 15 | 17 | 16 | 14 | 14 | 14 | 11 | 9 |
| Profit before tax | -60 | -15 | 106 | -23 | -41 | -23 | 2 | 74 |
| Tax rate | −1.4% | −0.8% | 0.4% | −1.9% | −2.5% | −1.5% | 40.0% | 0.6% |
| EPS ($ per share) | -0.27 | -0.06 | — | -0.10 | -0.18 | -100 | — | 0.25 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -2,624 | -2,946 | -3,104 | -3,263 | -3,564 | -3,867 | -3,898 | -3,987 |
| Total liabilities | 1,482 | 1,490 | 1,313 | 1,519 | 1,568 | 1,893 | 2,072 | 3,604 |
| Fixed assets | 717 | 607 | 601 | 604 | 600 | 493 | 403 | 399 |
| Investments | 104 | 0 | — | — | — | — | — | — |
| Total assets | 1,522 | 1,323 | 1,454 | 1,726 | 1,947 | 2,414 | 2,657 | 4,397 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -92 | 164 | -99 | -61 | -192 | -373 | 92 | 114 |
| Cash from investing | -125 | 53 | -38 | -47 | -117 | -84 | -59 | -93 |
| Cash from financing | 317 | -120 | 176 | 306 | 211 | 683 | 175 | 1,508 |
| Net cash flow | 100 | 97 | 39 | 198 | -97 | 227 | 206 | 1,531 |
| Capital expenditure | -45 | -51 | -38 | -50 | -117 | -84 | -59 | -57 |
| Free cash flow | -137 | 113 | -137 | -110 | -309 | -456 | 33 | 57 |
BE revenue by segment
Product grew from 73% to 88% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Product | 73% | 85% | 65% | 75% | 75% | 83% | 88% | 88% | +215.4% |
| Service | 16% | 10% | 16% | 14% | 11% | 8% | 8% | 7% | +26.8% |
| Installation | 10% | 6% | 10% | 9% | 13% | 9% | 3% | 5% | +36.4% |
| Electricity | 2% | -1% | 8% | 2% | 1% | 0% | 1% | 1% | -31.9% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
BE operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Dec 2025 Q4 FY25 | Change vs prior quarter |
|---|---|---|---|
| Backlog Product | $2.5BWe have $2.5 billion of product backlog.Source: earnings call transcript | ~$6BOur product backlog increased 140% year-over-year to about $6 billion.Source: earnings call transcript | — |
| Backlog Service | $9BWe also have $9 billion of service backlog.Source: earnings call transcript | ~$14BAnd in the fourth quarter, we achieved 20% gross margin in service with around $14 billion of service backlog and a growing product backlog that is 100% attached to service.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
92 filings between Nov 5, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$165.20M
56 sales by 11 insiders
59% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 28
- Award — granted as compensation
- 5
- Option exercise — converted options into shares
Also filed: 3 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| SODERBERG SHAWN MARIE | — | $48.43M | Sep 16, 2026 |
| Sridhar KR | — | $34.00M | Feb 24, 2026 |
| CHAMBERS JOHN T | — | $23.21M | Aug 13, 2026 |
| Joshi Aman | — | $18.05M | Oct 1, 2026 |
| BUSH MARY K | — | $11.82M | May 7, 2026 |
| Chitoori Satish | — | $10.18M | Sep 16, 2026 |
| IMMELT JEFFREY R | — | $7.17M | Aug 17, 2026 |
| Kurzymski Maciej | — | $6.45M | Sep 16, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Joshi Aman Chief Commercial Officer | Sale 10b5-1 plan | 8,437 | $2.34M |
| Sep 30, 2026 | IMMELT JEFFREY R Director | Award | 81 | $22.4K |
| Sep 30, 2026 | WARNER CYNTHIA J Director | Award | 83 | $23.0K |
| Sep 16, 2026 | Kurzymski Maciej Chief Accounting Officer | Sale | 2,295 | $616.0K |
| Sep 16, 2026 | Joshi Aman Chief Commercial Officer | Sale 10b5-1 plan | 3,601 | $972.1K |
| Sep 16, 2026 | Chitoori Satish Chief Operations Officer | Sale 10b5-1 plan | 2,870 | $775.1K |
| Sep 16, 2026 | SODERBERG SHAWN MARIE See Remarks | Sale 10b5-1 plan | 2,870 | $775.1K |
| Sep 1, 2026 | Sridhar KR Chairman & CEO | Option exercise | 9,688 | $299.9K |
| Aug 31, 2026 | Sridhar KR Chairman & CEO | Gift | 300,000 | $0 |
| Aug 27, 2026 | Edwards Simon Stephen Chief Financial Officer | Award | 15,000 | $0 |
| Aug 17, 2026 | IMMELT JEFFREY R Director | Sale 10b5-1 plan | 30,000 | $7.17M |
| Aug 14, 2026 | Chitoori Satish Chief Operations Officer | Sale 10b5-1 plan | 2,053 | $496.1K |
| Aug 14, 2026 | SODERBERG SHAWN MARIE See Remarks | Sale | 2,895 | $676.3K |
| Aug 14, 2026 | Joshi Aman Chief Commercial Officer | Sale 10b5-1 plan | 4,677 | $1.13M |
| Aug 13, 2026 | CHAMBERS JOHN T Director | Sale 10b5-1 plan | 15,000 | $3.75M |
| Aug 3, 2026 | CHAMBERS JOHN T Director | Sale 10b5-1 plan | 15,000 | $3.08M |
| Jul 1, 2026 | Joshi Aman Chief Commercial Officer | Sale 10b5-1 plan | 8,343 | $2.51M |
| Jun 30, 2026 | WARNER CYNTHIA J Director | Award | 76 | $23.0K |
| Jun 30, 2026 | IMMELT JEFFREY R Director | Award | 85 | $25.7K |
| Jun 16, 2026 | Kurzymski Maciej Chief Accounting Officer | Sale | 2,259 | $652.0K |
| Jun 16, 2026 | SODERBERG SHAWN MARIE See Remarks | Sale | 2,842 | $820.3K |
| Jun 16, 2026 | Joshi Aman Chief Commercial Officer | Sale 10b5-1 plan | 3,558 | $1.03M |
| Jun 16, 2026 | Chitoori Satish Chief Operations Officer | Sale 10b5-1 plan | 2,837 | $820.2K |
| May 28, 2026 | CHAMBERS JOHN T Director | Sale 10b5-1 plan | 55,000 | $16.37M |
| May 21, 2026 | CHAMBERS JOHN T Director | Award | 1,063 | $0 |
| May 21, 2026 | WARNER CYNTHIA J Director | Award | 1,063 | $0 |
| May 21, 2026 | ZERVIGON EDDY Director | Award | 1,063 | $0 |
| May 21, 2026 | Burger Barbara J Director | Award | 1,063 | $0 |
| May 21, 2026 | IMMELT JEFFREY R Director | Award | 1,417 | $0 |
| May 21, 2026 | BOSKIN MICHAEL J Director | Award | 1,063 | $0 |
| May 21, 2026 | BUSH MARY K Director | Award | 1,063 | $0 |
| May 21, 2026 | Snabe Jim H. Director | Award | 1,063 | $0 |
| May 21, 2026 | Pinkus Gary S Director | Award | 1,063 | $0 |
| May 20, 2026 | Edwards Simon Stephen Chief Financial Officer | Award | 10,000 | $0 |
| May 19, 2026 | Sridhar KR Chairman & CEO | Option exercise | 80,000 | $0 |
| May 18, 2026 | SODERBERG SHAWN MARIE See Remarks | Sale 10b5-1 plan | 2,746 | $712.4K |
| May 14, 2026 | BUSH MARY K Director | Gift | 3,500 | $0 |
| May 14, 2026 | Chitoori Satish Chief Operations Officer | Sale 10b5-1 plan | 2,111 | $608.5K |
| May 14, 2026 | SODERBERG SHAWN MARIE See Remarks | Sale 10b5-1 plan | 2,879 | $829.4K |
| May 14, 2026 | Joshi Aman Chief Commercial Officer | Sale 10b5-1 plan | 4,813 | $1.39M |
| May 13, 2026 | Kurzymski Maciej Chief Accounting Officer | Sale | 6,229 | $1.83M |
| May 7, 2026 | BUSH MARY K Director | Sale | 25,000 | $6.67M |
| Apr 29, 2026 | SODERBERG SHAWN MARIE See Remarks | Sale 10b5-1 plan | 35,000 | $9.77M |
| Apr 15, 2026 | SODERBERG SHAWN MARIE See Remarks | Sale 10b5-1 plan | 25,000 | $5.63M |
| Apr 14, 2026 | SODERBERG SHAWN MARIE See Remarks | Sale 10b5-1 plan | 30,000 | $6.13M |
| Apr 14, 2026 | Chitoori Satish Chief Operations Officer | Sale 10b5-1 plan | 20,000 | $4.08M |
| Apr 1, 2026 | Joshi Aman Chief Commercial Officer | Sale 10b5-1 plan | 10,000 | $1.36M |
| Mar 31, 2026 | IMMELT JEFFREY R Director | Award | 212 | $28.7K |
| Mar 31, 2026 | WARNER CYNTHIA J Director | Award | 166 | $22.5K |
| Mar 24, 2026 | Kurzymski Maciej Chief Accounting Officer | Award | 3,880 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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