Bloom Energy (BE) reported record quarterly results as revenue surged and demand strengthened across data centers and artificial intelligence infrastructure. The company also raised its full-year outlook after posting higher margins, profits, and operating cash flow. Bloom Energy stock closed 11.34% lower at $166.84 before rebounding 9.85% after hours to $183.27.

Bloom Energy Revenue Surges on Strong Product Sales

Second-quarter revenue reached $1.07 billion, rising 165.5% from $401.2 million during the same period last year. Product revenue climbed 215.4% to $935.4 million, reflecting stronger customer orders and expanding deployment activity. The results marked Bloom Energy’s strongest quarterly revenue performance since the company started reporting public financial results.

Gross profit increased to $355.6 million from $107.1 million one year earlier. Gross margin expanded to 33.4% from 26.7%, a year-over-year increase of 668 basis points. Non-GAAP gross margin also improved to 34.3%, compared with 28.2% in the prior-year quarter.

Bloom Energy generated $182.2 million in operating income after posting a $3.5 million operating loss last year. Non-GAAP operating income reached $239.6 million, while adjusted EBITDA climbed to $253.4 million. The company said higher sales, stronger pricing, improved production efficiency, and better operating leverage supported those gains.

AI Power Demand Supports Record Quarterly Earnings

Demand from data centers remained a major growth driver during the quarter. Large technology companies, cloud operators, and data center developers continued approving Bloom Energy’s onsite power systems. The company supplies power solutions for facilities that need reliable electricity without lengthy grid connection delays, a constraint that has become more visible as AI-related computing loads grow.

Bloom Energy’s systems generate electricity onsite and help customers avoid transmission constraints. The model has drawn attention as power demand increases across artificial intelligence infrastructure and high-density computing sites. Data center operators are increasingly looking for scalable power sources that can support rapid construction and continuous operations.

Quarterly net profit attributable to common stockholders reached $196.3 million, reversing a $42.6 million loss. Diluted earnings came in at $0.62 per share, compared with a loss of $0.18 per share a year earlier. Non-GAAP diluted earnings rose to $0.78 per share from $0.10 in the same period last year.

Bloom Energy Raises Full-Year 2026 Guidance

Operating cash flow reached $226.4 million in the second quarter, improving by $439.5 million from the $213.1 million cash outflow recorded a year earlier. The company said stronger collections, higher profits, and improved working capital drove the sharp turnaround.

Bloom Energy now expects full-year revenue between $3.9 billion and $4.2 billion. It also projects a non-GAAP gross margin near 34% for the year. Non-GAAP operating income guidance now ranges from $800 million to $900 million.

The company expects full-year non-GAAP earnings between $2.55 and $2.85 per share. Bloom Energy said it plans continued investment in manufacturing capacity and operational capability to meet expanding customer demand, underscoring the execution challenge that can come with scaling to serve large infrastructure customers. The revised outlook reflects confidence in order growth and broader demand for dependable onsite power.