Blooming AI-driven demand is accelerating faster than expected; the massive revenue beat and raised guidance should drive a strong one-day rally. Watch the conference call for backlog updates (prior $20B total backlog) and capacity expansion plans. The stock may gap up and could see upward analyst revisions in the coming days.
Price Chart
Executive Summary
Bloom Energy Q1 2026 revenue soared 130% YoY to $751M, handily beating Street expectations, and the company raised full-year 2026 guidance across the board (revenue midpoint +80% YoY, EPS $1.85-$2.25 vs prior $1.33-$1.48). Non-GAAP EPS of $0.44 crushed the -$0.02 consensus, driven by surging product revenue (+208%) from AI data center demand and expanding margins.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $751.1M, +130.4% YoY (vs $326.0M)
- Non-GAAP diluted EPS $0.44 vs consensus ($0.02) — massive beat
- Product revenue $653.3M, +208.4% YoY
- GAAP gross margin 30.0%, +2.8pp YoY; Non-GAAP gross margin 31.5%
- Operating income $72.2M vs ($19.1M) loss in prior year
- Cash flow from operations $73.6M, +$184.3M YoY
- Full-year 2026 guidance raised: revenue $3.4B-$3.8B (midpoint ~$3.6B, up from prior ~$3.2B)
- Non-GAAP EPS guidance raised to $1.85-$2.25 (prior $1.33-$1.48)
Financial Impact
Revenue beat by ~$211M vs consensus and guidance raised by ~$400M at midpoint
Risk Factors
- Valuation at ~18x forward sales on raised guidance
- Dependence on AI data center capex cycle
- Potential tariff impact on imported components
- High stock-based compensation ($57M in Q1)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-027913 |
| Exhibit: ex992_q126supplementalde.htm | 0001628280-26-027913 |
| Document: be-20260428.htm | 0001628280-26-027913 |
| Document: 0001628280-26-027913-index-headers.html | 0001628280-26-027913 |
| Document: 0001628280-26-027913-index.html | 0001628280-26-027913 |
| Document: 0001628280-26-027913.txt | 0001628280-26-027913 |
| 8-K Data (Synthetic) | 0001628280-26-027913 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 19, 2026 6w ago | Press Release | $206.63 $280.76 | ▼ −35.88% | ▼ −37.83% | $292.01 (−41.32%) |
Aug 18, 2026 6w ago | Insider Cluster | $206.63 $280.76 | ▲ +35.88% | ▲ +37.83% | $292.01 (+41.32%) |
Aug 17, 2026 6w ago | 144 | $232.16 $259.35 | ▼ −11.71% | ▼ −13.69% | $292.01 (−25.78%) |
Aug 14, 2026 6w ago | 144 | $232.16 $259.35 | ▲ +11.71% | ▲ +13.69% | $292.01 (+25.78%) |
Aug 1, 2026 8w ago | Press Release | $218.32 $206.30 | ▲ +5.51% | ▲ +6.74% | $292.01 (−33.75%) |
Jul 15, 2026 11w ago | Institutional Cluster | $239.38 $237.16 | ▼ −0.93% | ▼ −3.27% | $292.01 (+21.99%) |
Jul 9, 2026 12w ago | 8-K | $257.02 $228.96 | ▼ −10.92% | ▼ −13.16% | $292.01 (+13.61%) |
Jun 18, 2026 15w ago | Insider Cluster | $328.91 $206.73 | ▼ −37.15% | ▼ −37.68% | $292.01 (−11.22%) |
Jun 18, 2026 15w ago | Insider Cluster | $328.91 $206.73 | ▼ −37.15% | ▼ −37.68% | $292.01 (−11.22%) |
Jun 17, 2026 15w ago | 8-K | $328.91 $206.73 | ▼ −37.15% | ▼ −37.68% | $292.01 (−11.22%) |
US Market Status
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