Market cap
$64.1B
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 a record $1.24B last quarter, up 138%, and 2026 guidance was raised a third time to $4.4–4.6B. Oracle, AEP and all major US hyperscalers are customers or have validated the product.
Last close · Oct 22, 2026
$217.77
52-week range
$76–351
closing low / high
P/E
~47×
2027 consensus EPS ~$4.63 (non-GAAP) · ~67× FY26 guide
Revenue TTM
FY26 guide
$4.4–4.6B
revenue, +122% at midpoint · implies Q4 ~$1.35–1.55B
Next earnings
Early Feb
Q4 2026 and 2027 outlook · 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 the Q4 revenue implied by the midpoint of the full-year guide.
RevenueGross margin (right axis)Guidance
Q3 2026
$1.24B
+138% YoY · record, ~$1.07B expected
Product revenue
$1.07B
+179% YoY · first $1B product quarter
Gross margin
34.5%
non-GAAP · +4 pts YoY · op. margin 23%
EPS
$0.94
non-GAAP vs ~$0.69 consensus · GAAP $0.78
| Quarter | Ended | Revenue, US$M | YoY | Gross margin | Op. margin | EPS (GAAP) |
|---|
Watch list
What moves the thesis, sorted by direction.
Tailwind
AI power crunch
Oracle powered a Utah site in under two months and AEP is deploying 700 MW for Google. Backlog is growing faster than revenue, and capacity is nearing 5 GW a year with more room in Fremont.
Tailwind
Profitable growth
Non-GAAP operating income was $286M in Q3, more than all of 2025; full-year guidance is now $960M–1.03B with EPS of $3.10–3.40.
Watch
Working capital and margin
Free cash flow was −$181M in Q3 as unbilled contract assets doubled to $859M and capex tripled to $153M. Margin guidance stayed at ~34% despite the revenue raise, on ramp and expediting costs.
Risk
Valuation and volatility
About 47× next year's consensus earnings with a beta near 3.8; shares fell 8.7% on report day and further after hours despite the beat.
Calendar
Dec 31, 2026
FY26 ends
Guide: revenue $4.4–4.6B, non-GAAP EPS $3.10–3.40.
Early Feb 2027
Q4 and FY26 results
Expected to include 2027 guidance; date not yet announced.