Bloom Energy reported third-quarter 2026 revenue of $1.236 billion, up 138.1% from $519.0 million a year earlier and up 16.0% from $1.065 billion in the second quarter.
Product revenue rose to $1.074 billion from $383.6 million in the prior-year quarter, a gain of 179.4%.
Gross profit increased to $417.1 million from $151.7 million a year ago, while gross margin widened to 33.8% from 29.2%. On a non-GAAP basis, gross margin was 34.5%, compared with 30.4% in the third quarter of 2025.
Operating income jumped to $225.4 million from $7.8 million a year earlier. Non-GAAP operating income rose to $285.7 million from $46.2 million.
Net profit attributable to common stockholders was $250.3 million, compared with a loss of $23.1 million in the same quarter last year.
Diluted EPS was $0.78, versus a loss of $0.10 a year earlier. Non-GAAP diluted EPS was $0.94, up from $0.15.
Compared with the second quarter, revenue increased from $1.065 billion to $1.236 billion, gross margin improved from 33.4% to 33.8%, and operating income rose from $182.2 million to $225.4 million. Non-GAAP operating income advanced from $239.6 million to $285.7 million, while non-GAAP diluted EPS increased from $0.78 to $0.94.
For the first time in the company’s guidance update, Bloom raised its full-year 2026 revenue outlook to $4.4 billion to $4.6 billion, up from the prior range implied earlier in the year. At the midpoint, that range points to 122% year-over-year growth. The company also lifted its non-GAAP operating income guidance to $960 million to $1.03 billion and non-GAAP EPS guidance to $3.10 to $3.40.
Bloom said its full-year non-GAAP gross margin outlook is about 34%.
The company also said it was added to the S&P 500. Following these announcements, the company's shares moved 7.13%, and are now trading at a price of $238.53. For more information, read the company's full 8-K submission here.
