Bloom Energy more than doubles revenue, raises 2026 outlook for third time

Bloom Energy's revenue more than doubled in the third quarter, and the fuel-cell power maker raised its full-year outlook for the third time this year.

Revenue reached a record $1.24 billion, up 138.1% from $519.0 million a year earlier, according to its earnings release filed with an 8-K on Thursday. Product revenue jumped 179.4% to $1.07 billion.

The company swung to a profit. GAAP diluted EPS was $0.78, compared with a loss of $0.10 a year ago, and non-GAAP EPS was $0.94. Operating income rose to $225.4 million from $7.8 million.

Higher targets

Bloom now expects 2026 revenue of $4.4 billion to $4.6 billion, which it said represents 122% growth at the midpoint. It guided to non-GAAP gross margin of about 34%, non-GAAP operating income of $960 million to $1.03 billion, and non-GAAP EPS of $3.10 to $3.40.

"Our year-to-date performance and customer demand give us confidence to raise our 2026 outlook for the third time this year," CFO Simon Edwards said in the release.

Founder and CEO KR Sridhar said demand that "began with hyperscalers is rapidly moving across market segments." The company also noted it was added to the S&P 500.

Gross margin improved to 33.8% from 29.2% a year earlier.

By the numbers

• Revenue: $1.24 billion, up 138%
• GAAP EPS: $0.78, vs. a $0.10 loss
• Non-GAAP EPS: $0.94
• 2026 revenue guidance: $4.4 billion to $4.6 billion
• 2026 non-GAAP EPS guidance: $3.10 to $3.40

Sources

1. Bloom Energy Corporation, Form 8-K (Item 2.02) with Exhibit 99.1 earnings release dated Oct. 22, 2026, accession 0001628280-26-066890

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