Bloom Energy (BE) shares are jumping in premarket trading Wednesday after the company delivered a quarterly report that made Wall Street's estimates look like a bad joke.
The fuel-cell maker reported second-quarter revenue of $1.07 billion and adjusted earnings per share of 78 cents. Analysts were expecting $822.77 million and 40 cents, respectively. That's a beat of about 30% on the top line and nearly double on the bottom.
On a GAAP basis, Bloom earned 62 cents per diluted share, a massive improvement from a loss of 18 cents a year ago. Gross margin expanded to 33.4% from 26.7%, and operating income swung to a profit of $182.2 million from a $3.5 million loss. Adjusted EBITDA jumped to $253.4 million from $41.2 million.
The company also generated $226.4 million in operating cash flow and ended the quarter with about $2.67 billion in cash, underscoring a much healthier balance sheet.
Management raised full-year 2026 revenue guidance to a range of $3.90 billion to $4.20 billion and lifted adjusted EPS expectations to $2.55 to $2.85. They also forecast a non-GAAP gross margin of roughly 34% and non-GAAP operating income between $800 million and $900 million.
CEO KR Sridhar said demand is "accelerating every quarter," adding that "all the major U.S. hyperscalers" and "over a dozen" neoclouds, AI labs, and colocation operators have validated Bloom's solutions. In other words, the AI boom is fueling a real need for Bloom's power technology.
