BE Q1 2026 Earnings
Reported Apr 28, 2026 at 4:07 PM ET · SEC Source
Q1 26 EPS
$0.44
BEAT +242.41%
Est. $0.13
Q1 26 Revenue
$751.1M
BEAT +39.08%
Est. $540.0M
vs S&P Since Q1 26
+13.1%
BEATING MARKET
BE +14.4% vs S&P +1.3%
Market Reaction
Did BE Beat Earnings? Q1 2026 Results
Bloom Energy delivered a standout first quarter for 2026, posting non-GAAP diluted EPS of $0.44 against a consensus estimate of $0.13, a beat of 242.41%, while revenue of $751.05 million topped the $540.02 million consensus by 39.08% and surged 130.4… Read more Bloom Energy delivered a standout first quarter for 2026, posting non-GAAP diluted EPS of $0.44 against a consensus estimate of $0.13, a beat of 242.41%, while revenue of $751.05 million topped the $540.02 million consensus by 39.08% and surged 130.4% year-over-year. The primary engine behind those figures was a 208.4% jump in product revenue to $653.35 million, fueled in large part by $373.30 million in related-party sales to Brookfield Asset Management joint ventures, compared to just $2.80 million a year earlier. The company swung to GAAP operating income of $72.19 million from a loss of $19.07 million in Q1 2025, and adjusted EBITDA nearly sextupled to $142.99 million. Operating cash flow turned sharply positive at $73.61 million versus negative $110.68 million a year ago. Emboldened by the momentum, Bloom raised its full-year 2026 revenue guidance to $3.40 billion to $3.80 billion, implying roughly 80% year-over-year growth at the midpoint, with non-GAAP EPS guided to $1.85 to $2.25.
Key Takeaways
- • 208% product revenue growth year-over-year driving overall 130% revenue increase
- • Service gross margin expansion of 12.0 percentage points to 13.3% GAAP
- • Operating leverage with non-GAAP operating expenses declining as a percentage of revenue
- • Significant related-party revenue of $373.3 million from Brookfield joint ventures
- • Cash flow from operations improved by $184.3 million year-over-year
BE Forward Guidance & Outlook
Bloom Energy raised its full-year 2026 guidance: revenue of $3.4B–$3.8B (approximately 80% YoY growth at the midpoint, up from prior guidance of ~60%), non-GAAP gross margin of ~34%, non-GAAP operating income of $600M–$750M, non-GAAP EPS of $1.85–$2.25, Adjusted EBITDA of $650M–$800M, and operating cash flow exceeding $200M.
BE YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
BE Revenue by Segment
With YoY comparisons, source: SEC Filings
“We at Bloom are ushering in the era of digital power for the digital age. Bloom is rapidly becoming the standard and "go-to choice" for on-site power.”
— KR Sridhar, Q1 2026 Earnings Press Release
BE Earnings Trends
BE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BE EPS Trend
Earnings per share: estimate vs actual
BE Revenue Trend
Quarterly revenue: estimate vs actual
BE Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.13 | $0.44 | +242.41% | $751.1M | +39.08% |
| Q4 25 BEAT FY | $0.30 | $0.45 | +50.35% | $777.7M | +20.51% |
| FY Full Year | — | $0.76 | — | $2.02B | — |
| Q3 25 BEAT | $0.10 | $0.15 | +50.15% | $519.0M | +21.73% |
| Q2 25 BEAT | $0.02 | $0.10 | +455.56% | $401.2M | +5.91% |