Summary
- Third-quarter revenue rose 138.1% year over year to $1.2358 billion, led by a 179.4% increase in product revenue.
- Gross margin expanded 453 basis points to 33.8%, while operating income climbed to $225.4 million.
- Bloom raised its 2026 revenue outlook to $4.4 billion to $4.6 billion and adjusted earnings guidance to $3.10 to $3.40 per share.
- The results followed a second quarter in which quarterly revenue exceeded $1 billion for the first time.
Revenue and profit accelerate
Bloom Energy reported record third-quarter results on Oct. 22, saying revenue reached $1.2358 billion, up 138.1% from $519.0 million a year earlier. The San Jose, California-based fuel-cell company posted a 33.8% gross margin, an improvement of 453 basis points, while operating income rose to $225.4 million from $7.8 million in the prior-year quarter. The figures showed both rapid sales growth and a wider share of revenue remaining after production costs. [1]
Product revenue, the largest component of Bloom's business, increased 179.4% to $1.0736 billion. Net income attributable to common stockholders was $250.3 million, or 78 cents per diluted share, reversing a loss of $23.1 million, or 10 cents per share, in the same quarter of 2025. On an adjusted basis, operating income was $285.7 million and earnings were 94 cents per share, according to the company. [1]
Guidance rises for a second time
Bloom raised its full-year 2026 revenue forecast to a range of $4.4 billion to $4.6 billion. It also lifted its adjusted earnings forecast to $3.10 to $3.40 per share, up from its earlier range of $2.55 to $2.85, according to an independent earnings report. The new revenue range was above the company's previous $3.9 billion to $4.2 billion outlook, marking the second guidance increase in three months. [1] [2]
The quarter exceeded Wall Street's expectations as compiled by MarketBeat. The service reported adjusted earnings of 94 cents per share against a consensus estimate of about 69 cents, while revenue of $1.24 billion came in above the roughly $1.07 billion consensus. Those comparisons use non-GAAP earnings, which exclude certain expenses and should not be read as identical to Bloom's 78-cent GAAP diluted earnings per share. [2]
Building on the first billion-dollar quarter
The results extend the surge Bloom reported for the second quarter. In July, the company said quarterly revenue crossed $1 billion for the first time, reaching $1.065 billion, up 166% year over year. That report prompted Bloom to increase its annual revenue outlook to $3.9 billion to $4.2 billion; the Oct. 22 forecast raises the range again by $500 million at both ends. [3]
Bloom makes solid-oxide fuel-cell systems that generate electricity at customer sites, including data centers, semiconductor plants, utilities and other commercial and industrial facilities. Management has positioned that distributed model as a way for customers to add dependable power without waiting for large centralized grid projects. Investors will now watch whether Bloom can translate its expanded manufacturing and fast-growing product sales into sustained margins and cash generation while delivering the higher full-year target. [1]
Reporting sources
- Bloom Energy · Bloom Energy Reports Record Third Quarter 2026 Financial Results and Raises Full-Year 2026 Guidance ↗2026-10-22
- MarketBeat · Bloom Energy Earnings Report ↗2026-10-22
- Bloom Energy · Bloom Energy Reports Record Second Quarter 2026 Financial Results and Raises Full-Year 2026 Guidance ↗2026-07-29
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