Market cap
$82.6B
at current price
Bloom Energy Corporation · Class A · San Jose, California
Power for AI, delivered on site.
Bloom's solid oxide fuel cells let data centers make their own power instead of waiting years for a grid connection. Revenue hit $1.07B last quarter, up 166%, and 2026 guidance was raised twice to $3.9–4.2B. Oracle, AEP and all major US hyperscalers are customers or have validated the product.
Last close · Oct 9, 2026
$280.50
52-week range
$76–351
closing low / high
P/E
~104×
FY26 guide EPS $2.55–2.85 (non-GAAP)
Revenue TTM
FY26 guide
$3.9–4.2B
revenue, ~2× 2025 · op. income $0.8–0.9B
Next earnings
Late Oct
Q3 2026 · date not yet announced
Price, last 12 months
Daily closes with the 50-day average. The stock ranged from about $76 to $351 over the past year, with a beta near 3.8.
1Y closing high
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1Y closing low
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SMA 50
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SMA 200
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RSI 14
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Avg daily move
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last 20 sessions
Beta
3.78
vs. S&P 500
From peak
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Revenue and margins, by quarter
Revenue in US$ millions, with GAAP gross margin on the right axis. Bloom's revenue is lumpy and Q4-heavy because it is booked as systems are installed. The last bar is about half of the second-half revenue implied by the full-year guide.
RevenueGross margin (right axis)Guidance
Q2 2026
$1.07B
+166% YoY · first $1B quarter
Product revenue
$935M
+215% YoY
Gross margin
34.3%
non-GAAP · +6 pts YoY
Backlog
~$20B
end-2025; $8B+ product orders added in H1
| Quarter | Ended | Revenue, US$M | YoY | Gross margin | Op. margin | EPS (GAAP) |
|---|
Watch list
What moves the thesis, sorted by direction.
Tailwind
AI power crunch
Oracle went from a 100 MW pilot to a 2.8 GW plan and AEP from 100 MW to 900 MW. First-half product orders of over $8B fill capacity into 2028.
Tailwind
Profitable growth
Operating income rose to $240M in Q2; full-year non-GAAP operating income is guided at $800–900M.
Watch
Lumpy cash flow
Cash flow swings with installation timing: −$220M of free cash flow in Q2 2025, +$395M in Q4 2025.
Risk
Valuation and volatility
About 104× this year's guided earnings with a beta near 3.8; delays at customer sites can move quarters.
Calendar
Late Oct 2026
Q3 2026 earnings
Date not yet announced; last year's Q3 came on Oct 28.
Dec 31, 2026
FY26 ends
Guide: revenue $3.9–4.2B, non-GAAP EPS $2.55–2.85.
Feb 2027
Q4 and FY26 results
Expected to include 2027 guidance.