Bloom Energy Beats Q1 Estimates, Raises Guidance

Bloom Energy Corp. reported first-quarter 2026 earnings that exceeded Wall Street expectations, posting adjusted earnings per share of 44 cents and revenue of 751.1 million on April 28, after markets closed in San Jose, California.

The results marked a significant turnaround from the prior year. Revenue rose 130 percent year-over-year, driven by product sales of 653.3 million, more than double the previous year's figure. GAAP earnings per share came in at 23 cents, compared with a loss of 10 cents in the year-ago quarter. Adjusted EBITDA climbed to nearly 143 million, while operating cash flow turned positive at 73.6 million, reversing a 110.7 million outflow. Gross margins on services improved to 13.3 percent.

Executives attributed the performance to surging demand for onsite power generation amid artificial intelligence infrastructure buildouts. Key partnerships include a 5 billion agreement with Brookfield Asset Management for AI projects and an expanded deal with Oracle Cloud Infrastructure. Under the master services agreement, Oracle has committed to 1.2 gigawatts of Bloom's solid oxide fuel cell systems initially, with potential for up to 2.8 gigawatts to support U.S. data...