Bloom Energy Reports Record Revenue and Profitability Amid Growth
In the second quarter of 2026, Bloom Energy (NYSE: BE) reported record quarterly revenue of $1.07 billion, a 166% increase year-over-year. The company also earned $196 million in net income for common stockholders, reversing from a loss of around $43 million the previous year. Management raised its full-year revenue guidance to between $3.9 billion and $4.2 billion — nearly double the 2025 total. Bloom's gross margin was reported at 33.4%, but this figure includes a one-time refund of approximately $37.4 million from recovered tariffs, which boosted profitability in Q2. Excluding that refund, the company’s underlying gross margin remained flat around 30% for three consecutive quarters despite significant revenue growth. Operating expenses increased by 57% year-over-year but dropped to about 16% of total revenue due to scale improvements. Service margins also improved from 9% in Q4 2025 to 19%, driven by maintenance contracts and manufacturing efficiencies.
Topics: gross_margin profitability revenue