Quarterly ResultApr 29, 2026, 06:02 AM
BE Q1 Revenue +130% to $751.1M; Net Income $73.7M
AI Summary
Bloom Energy Corp (BE) reported a significant turnaround in Q1 2026, with total revenue increasing by 130% to $751.1 million and achieving a net income of $73.7 million, compared to a net loss in the prior year. The company also generated $73.6 million in positive operating cash flow. A key development includes the commitment and subsequent issuance of a warrant to Oracle Corporation, valued at $183.6 million, related to a partnership for AI data centers.
Key Highlights
- Q1 2026 total revenue increased 130% to $751.1 million from $326.0 million in Q1 2025.
- Achieved Q1 2026 net income of $73.7 million, reversing a $23.4 million net loss in Q1 2025.
- Basic EPS was $0.25 in Q1 2026, up from $(0.10) in Q1 2025.
- Generated $73.6 million in net cash from operating activities in Q1 2026.
- Product revenue surged 208% to $653.3 million in Q1 2026.
- Committed to issue a warrant to Oracle for 3.53M shares, valued at $183.6M.
- Total stockholders' equity increased to $948.0 million from $793.0 million.
- Converted $18.16 million of 3.0% Green Notes due June 2028 to common stock.
Price Impact
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