Quarterly ResultApr 28, 2026, 04:13 PM
BE Q1 Revenue +130.4% to $751.1M; Raises FY26 Guidance
AI Summary
Bloom Energy Corp reported record first quarter 2026 financial results, with revenue increasing 130.4% year-over-year to $751.1 million and product revenue surging 208.4%. The company also demonstrated significant operating leverage, with GAAP operating income reaching $72.2 million compared to a loss in the prior year. Following these strong results, Bloom Energy raised its full-year 2026 guidance across key metrics, including revenue, non-GAAP gross margin, non-GAAP operating income, and non-GAAP EPS.
Key Highlights
- Q1 2026 Revenue $751.1M, up 130.4% YoY; Product Revenue $653.3M, up 208.4% YoY.
- Q1 2026 GAAP Gross Margin 30.0%, up 2.8 pts YoY; Non-GAAP Gross Margin 31.5%, up 2.8 pts YoY.
- Q1 2026 GAAP Operating Income $72.2M (vs -$19.1M YoY); Non-GAAP Operating Income $129.7M (vs $13.2M YoY).
- Generated $73.6M cash flow from operating activities in Q1 2026, up $184.3M YoY.
- Raised full-year 2026 revenue guidance to $3.4B-$3.8B, midpoint ~80% YoY growth.
- Raised full-year 2026 Non-GAAP Gross Margin guidance to ~34% (~4 pts increase).
- Raised full-year 2026 Non-GAAP Operating Income guidance to $600M-$750M (~3.1x increase).
- Raised full-year 2026 Non-GAAP EPS guidance to $1.85-$2.25 (~2.7x increase).