Bloom Energy (BE.US) Q3 revenue surges 138% and turns profitable, raises full-year guidance.

Bloom Energy (BE.US) released its Q3 2026 financial results after the U.S. market close on Thursday. Data showed that the company's quarterly revenue reached $1.236 billion, up 138.1% year-over-year, setting a new quarterly record; GAAP net income attributable to common shareholders was $250 million, compared with a net loss of $23.09 million in the prior-year period, achieving a turnaround to profitability. On a per-share basis, Bloom Energy's Q3 GAAP diluted earnings per share were $0.78, compared with a loss of $0.10 per share in the prior-year period; non-GAAP adjusted earnings per share were $0.94, up from $0.15 in the prior-year period. In terms of profitability, the company's Q3 GAAP gross margin reached 33.8%, up from 29.2% in the prior-year period; non-GAAP adjusted gross margin was 34.5%, up from 30.4% in the prior-year period. GAAP operating income reached $225 million, compared with just $7.8 million in the prior-year period; non-GAAP adjusted operating income reached $286 million, up from $46.2 million in the prior-year period. Bloom Energy's significant performance growth reflects continuously expanding market demand for its on-site power generation solutions. With the rapid growth in power demand from AI data centers, enterprises are placing increasing importance on reliable, scalable, and rapidly deployable power supply solutions, creating growth opportunities for the company's solid oxide fuel cell business. Looking ahead to full-year 2026, Bloom Energy raised its revenue guidance to $4.4 billion to $4.6 billion from the previous $3.9 billion to $4.2 billion, with the midpoint of the new guidance representing approximately 122% growth over full-year 2025 revenue. At the same time, the company raised its full-year non-GAAP operating income guidance to $960 million to $1.03 billion from the previous $800 million to $900 million, and raised its non-GAAP adjusted earnings per share guidance to $3.10 to $3.40 from $2.55 to $2.85. The full-year non-GAAP gross margin target remains at approximately 34%. Bloom Energy stated that the company will continue to invest in production capacity and business expansion to meet growing market demand. As AI infrastructure buildout drives rising power demand, the company expects its on-site power generation technology to play an increasingly important role in enterprise energy supply.