Bloom Energy raises its annual outlook for a third time after record sales
Bloom Energy’s third-quarter revenue rose 138.1 per cent to 1.2358 billion dollars. The maker of on-site electricity systems raised its annual revenue outlook to 4.4–4.6 billion dollars, its third increase this year. Product sales and operating income grew strongly, while the updated forecasts included higher adjusted earnings expectations for the full year.
Economics & Markets··Morning
Record quarterly sales accompany another outlook increase
Bloom Energy reported record sales for the third quarter of 2026 and raised its annual forecast for the third time this year. The company produces systems that generate electricity at customer sites.[1], [2]
The manufacturer’s solid oxide fuel cells provide on-site power generation. Results released on October 22 put quarterly revenue at 1.2358 billion dollars, up 138.1 per cent from approximately 519 million dollars a year earlier. Product revenue rose 179.4 per cent to 1.0736 billion dollars.[1]
Operating income grows as gross margin expands
Reported gross margin reached 33.8 per cent and adjusted gross margin 34.5 per cent. Gross profit reached 417.1 million dollars, while operating expenses increased to 191.7 million dollars. Operating income climbed to 225.4 million dollars. Reported earnings per share were 0.78 dollars; adjusted earnings per share were 0.94 dollars.[1]
Bloom now forecasts annual revenue of 4.4–4.6 billion dollars, with the midpoint representing about 122 per cent growth. Management expects an adjusted gross margin of approximately 34 per cent and adjusted operating income of 960 million to 1.030 billion dollars. Its annual adjusted earnings-per-share forecast is 3.10–3.40 dollars.[1]
