Bloom Energy Q3 Revenue Jumps 138% to Record $1.24 Billion; Non-GAAP EPS $0.94; Full-Year Guidance Raised for Third Time
SAN JOSE — Bloom Energy (NYSE: BE), the fuel-cell maker, reported third-quarter results after the close on October 22. According to the company's official earnings release distributed via Business Wire, Q3 revenue was $1,235.8 million, up 138.1% year over year to a quarterly record, with product revenue of $1,073.6 million, up 179.4%. GAAP gross margin was 33.8%, up 453 basis points; non-GAAP gross margin was 34.5%, up 412 basis points. GAAP operating income was $225.4 million, up $217.6 million year over year; non-GAAP operating income was $285.7 million. GAAP net income attributable to common stockholders was $250.3 million, versus a net loss of $23.1 million a year earlier; GAAP diluted EPS was $0.78, up $0.88; non-GAAP EPS was $0.94, versus $0.15. Adjusted EBITDA was $299.5 million, versus $59.0 million a year earlier. Cash and cash equivalents ended the quarter at $2,486.7 million.
The company raised its full-year 2026 guidance for the third time this year: revenue of $4.4 billion to $4.6 billion, non-GAAP gross margin of approximately 34%, non-GAAP operating income of $960 million to $1,030 million, and non-GAAP EPS of $3.10 to $3.40. The release also announced the company's addition to the S&P 500 index.
Founder, Chairman and CEO KR Sridhar said in the release: "Our third quarter results further demonstrate that Bloom is delivering reliable, scalable, clean, and economically compelling power to the world's most ambitious companies. With robust order volume throughout Q3, we are serving AI factories, global data centers, high-impact industrial users, and systemically important financial institutions at record speed. With our third guidance raise for the year, we are confident in our expected growth trajectory over the coming quarters." CFO Simon Edwards said the company is focused on expanding manufacturing capacity, producing at lower cost and scaling with less capital.
Bloom Energy is headquartered in San Jose, California. Its fuel-cell "Energy Servers" generate power from fuels such as natural gas or hydrogen with carbon-capture capability, serving data centers and industrial customers; orders have surged on SI-driven electricity demand. According to Stocktwits, the stock fell more than 3% after hours, and reported figures showed quarterly net cash flow of roughly negative $180 million.
Published by GSM · USA (original Chinese edition)
Photo: 图：Bloom Energy的燃料电池能源服务器。照片：Bloom Energy，CC BY 2.0，经Wikimedia Commons。Photo: Bloom Energy fuel-cell energy servers. Photo: Bloom Energy, CC BY 2.0, via Wikimedia Commons.
