Bloom Energy shares rise 10% after record Q2 revenue

Bloom Energy shares surged in after-hours trading Tuesday, July 28, 2026, after the company reported record second-quarter revenue and raised its full-year financial forecast. The stock gained roughly 10.6% following the announcement, nearly offsetting a sharp decline during the regular trading session.

The company, which manufactures onsite fuel cell power systems, reported quarterly revenue of $1.065 billion, significantly exceeding analyst expectations of approximately $826 million. This represents a 165.5% increase compared to the same period last year. Bloom reported adjusted earnings of 78 cents per share, far surpassing the consensus estimate of 41 cents.

Citing strong execution, Bloom raised its full-year revenue guidance. The new range of $4.05 billion to $4.45 billion, with a midpoint of $4.25 billion, implies the company needs to sustain its recent performance rather than accelerate further. The updated forecast requires average quarterly revenue in the second half of 2026 to be just 4.8% higher than the second quarter. Non-GAAP operating income targets are similarly modest, requiring only a slight sequential increase.

Chief Executive KR Sridhar framed the results as a...