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Bloom Energy Raises 2026 Outlook as Quarterly Revenue Rises

lite News Desk 2 min read

Bloom Energy increased its full-year revenue forecast to $4.4 billion-$4.6 billion in financial results published on October 22, 2026. The company’s previous projection, announced in July, was $3.9 billion-$4.2 billion. The revised outlook accompanied results for the quarter that ended September 30, 2026.

For the full year, Bloom’s updated forecast also puts non-GAAP operating income at $960 million-$1.03 billion and non-GAAP earnings per share at $3.10-$3.40. Its projection for non-GAAP gross margin is approximately 34%. Chief Financial Officer Simon Edwards said in a statement that customer demand and the company’s performance during the year gave Bloom confidence to increase its outlook for the third time in 2026.

Revenue for the third quarter reached $1,235.8 million, according to Bloom, compared with $519.0 million a year earlier, an increase of 138.1%. Within that total, revenue from products amounted to $1,073.6 million, representing growth of 179.4% against the corresponding quarter of 2025.

Bloom’s reported operating income increased from $7.8 million in the year-earlier period to $225.4 million. For common stockholders, the company reported a net profit of $250.3 million, against a loss of $23.1 million a year before. On a diluted GAAP basis, earnings were $0.78 per share; the comparable 2025 quarter recorded a loss of $0.10 per share.

The company’s Energy Server generates electricity using solid oxide fuel cells. According to Bloom’s technology description, the cells use an electrochemical process rather than combustion, with fuel options including hydrogen, natural gas and biogas. Bloom describes the equipment as a modular system designed to produce electricity where the power is consumed.

Bloom’s quarterly release also identified risks associated with the outlook. These included extended sales and installation timelines, construction delays, delays in connecting to utilities or obtaining air permits, and constraints on supplies. The company additionally identified uncertainty over whether orders already included in its product and service backlog would ultimately qualify for recognition as revenue.

* This article is based on publicly available information at the time of writing.

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