Bloom Energy Corporation (BE) is having itself a moment. Shares jumped more than 11% in after-hours trading Thursday after the clean energy company delivered fourth-quarter results that blew past Wall Street's expectations and issued guidance that suggests the AI boom is very real and very profitable.

The Numbers Tell a Story

Bloom Energy reported Q4 revenue of $777.7 million, up nearly 36% from the same period last year and comfortably ahead of the Street's $652.1 million estimate. Earnings came in at 45 cents per share, crushing the consensus forecast of 31 cents.

For the full fiscal year, the company posted record revenue of $2.02 billion, up 37.3% year-over-year. The company pointed to growth from the AI data center sector as a key driver behind those gains. Bloom Energy also achieved record gross margins for the year and notched its second consecutive year of positive operating cash flow.

Perhaps most impressively, the company's product backlog now stands at around $6 billion, up roughly 250% year-over-year. Total backlog sits around $20 billion.

"Bring-your-own-power has shifted from a slogan to a business necessity for AI hyperscalers and manufacturing facilities," CEO KR Sridhar said. "This shift is secular and growing."

Looking Ahead to 2026

The guidance is where things get interesting. Bloom Energy expects fiscal 2026 adjusted earnings per share between $1.33 and $1.48, well above the Street's $1.07 estimate. Revenue guidance of $3.10 billion to $3.30 billion significantly exceeds the $2.54 billion analysts were modeling.

Shares traded up 11.27% to $152 in after-hours action Thursday. The stock has a 52-week range of $15.15 to $176.49.