# BE Release review · Q3 2026

> 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.

Canonical: https://pricedin.markets/be/fq3-2026/result/

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.

[After the call →](https://pricedin.markets/be/fq3-2026/after-call/)

BE · Q3 2026 results · release accepted 2026-10-22 16:09:25 ET

## The quarter against our forecast

Q3 2026 sales **$1.24B** our forecast $1.10B · +12.0%

adjusted EPS **$0.94** our 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 | −0.00B in 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 release sales $1.19B · adjusted EPS $0.83

FY2026

Revenue GAAP · full-year 2026 $4.4B - $4.6B Our forecast $4.11B: ours is $290M below the bottom of the range

Non-GAAP Gross Margin non-GAAP · full-year 2026 ~34%

Non-GAAP Operating Income non-GAAP · full-year 2026 $960M - $1,030M

Non-GAAP EPS non-GAAP · full-year 2026 $3.10 - $3.40 Our 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.””