Thursday 22 October, 16:09 ET · released
Bloom Energy reported. Sales $1.24B vs our $1.10B, beat +12.0%. Adjusted EPS $0.94 vs our $0.76, beat +18¢. After the call we forecast again.
The quarter against our forecast
Q3 2026 sales$1.24Bour forecast $1.10B · +12.0%
adjusted EPS$0.94our forecast $0.76 · +18¢
Q3 2026 line by line, as the income statement shows it
| Line | Outlook | Our forecast | Reported | Against our forecast |
|---|---|---|---|---|
| Total revenue | — | $1.10B | $1.24B | +12.0%beat |
| Product | — | — | $1.07B | not in our forecast |
| Installation | — | — | $84.9M | not in our forecast |
| Service | — | — | $67.6M | not in our forecast |
| Electricity | — | — | $9.8M | not in our forecast |
| Net income (loss) attributable to common stockholders | — | $187M | $250M | +33.8%beat |
| Diluted (in shares) | — | 0.33B | 0.32B | −0.00Bin line |
| Adjusted EPS | — | $0.76 | $0.94 | +18¢beat |
Our forecast was frozen before the release: the average of 6 models as of 2026-10-16 13:10:00 ET. Each reported number is quoted from the release; the 10-Q's tagged facts confirm the statement's lines when it is filed. Read before our lock: the SEC lists the release in its index that night, and the next check confirms its bytes. A cost above our forecast is a miss.
The company's new outlook
Q4 2026
Our Q4 2026 forecast, made 2026-10-16 before this releasesales $1.19B · adjusted EPS $0.83
FY2026
RevenueGAAP · full-year 2026$4.4B - $4.6BOur forecast $4.11B: ours is $290M below the bottom of the range
Non-GAAP Gross Marginnon-GAAP · full-year 2026~34%
Non-GAAP Operating Incomenon-GAAP · full-year 2026$960M - $1,030M
Non-GAAP EPSnon-GAAP · full-year 2026$3.10 - $3.40Our forecast $2.80: ours is 30¢ below the bottom of the range
Each item as the release prints it. Our forecast stands beside an item only when the item is one of our two numbers, for our quarter or year, in our unit.
The company's reasons, from the release
- Q3 revenue growth and margin expansion “Simon Edwards, Chief Financial Officer of Bloom Energy, added, “Our third quarter results reflect strong execution across the business, with significant revenue growth and expanded operating margins. We continue to invest with discipline to build the capabilities and capacity needed to scale the business. Our year-to-date performance and customer demand give us confidence to raise our 2026 outlook for the third time this year.””