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BE · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 165.5% y/y to $1.07B, operating margin 17.1% vs −0.9%, net income $196M.
Net income (loss) attributable to common stockholders
$196M
Total revenue
$1,065M
up 166% y/y
Income (loss) from operations
$182M
Gross profit
$356M
up 232% y/y
- Total revenue +166% — product revenue growth of 215%
Source
«Delivered 166% year-over-year revenue growth, driven by 215% product revenue growth»
press release, 8-K
All figures in $M.
| Line item | Amount and change |
|---|---|
| Product | $935 · +215% |
| Installation | $51 · +36.4% |
| Service | $69 · +26.8% |
| Electricity | $10 · −22.3% |
| Total revenue | $1,065 · +166% |
| Total cost of revenue | $710 · +141% |
| Gross profit | $356 · +232% · 33.4% margin |
| Research and development | $58.9 · +44.4% |
| Sales and marketing | $43 · +78.9% |
| General and administrative | $71.4 · +56.0% |
| Income (loss) from operations | $182 · vs −$3.5 · 17.1% margin |
| Interest income | $20.9 · +215% |
| Interest expense | $8.9 · −38.3% |
| Equity in earnings (loss) of unconsolidated affiliates | $4.3 · vs $0 |
| Other income, net | $2.3 · −2.8% |
| (Loss) gain on revaluation of embedded derivatives | $0.5 · vs $0.1 |
| Profit (loss) before income taxes | $200 · vs −$41.2 |
| Income tax provision | $1.5 · +44.5% · 0.7% effective rate |
| Less: Net income attributable to noncontrolling interest | $2.6 · +501% |
| Net income (loss) attributable to common stockholders | $196 · vs −$42.6 · $0.62/sh · 18.4% margin |
Verdict: revenue grew 165.5% y/y to $1.07B, operating margin 17.1% vs −0.9%, net income $196M.
Source and notation
Source: Bloom Energy press release, 8-K EX-99.1 of 07/28/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against the company's 10-Q.
Open as an image: BE, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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- Gross margin was 33.4% vs 26.7% a year earlier.
- Operating income was $182M, a 17.1% margin vs −0.9% a year earlier.
- Diluted EPS was $0.62 vs −$0.18 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
BE — a maker of solid-oxide fuel cell systems: its Bloom Energy Server generates electricity on site from natural gas, biogas or hydrogen for data centers, AI infrastructure, chip plants, utilities and other industries, and it also offers the Bloom Electrolyzer for hydrogen.
It earns mainly from product sales, plus installation, long-term service contracts and electricity, and reports one segment. · Source: annual report (Form 10-K, SEC)
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