
• Reported GAAP EPS of $0.00 • Reported revenue of $638.49M up 11.55% YoY • Bloom Energy provides full-year 2026 guidance with revenue projected between $3.1B and $3.3B, Non-GAAP gross margin around 32%, and Non-GAAP operating income ranging from $425M to $475M.
Bullish
Bloom Energy achieved record full year revenue driven by AI data center and C&I demand, while product backlog grew 2.5x year-over-year. The company also generated positive cash flow from operations for a second consecutive year.
Bearish
Bloom Energy faced a Q4 GAAP gross margin decrease of 7.5 percentage points year-over-year and an operating income decline of $17.2M. The company also reported an increased accumulated deficit in 2025.