Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Bloom Energy (BE) delivered a dramatic Q1 2026 turnaround, with revenue surging 130.4% YoY to $751.1M and operating income swinging from a $19.1M loss to a $72.2M profit, driven by strong product demand and significant margin expansion.
Revenue
$751.05M
+130.37% YoY
EPS (Diluted)
$0.23
+330.00% YoY
Gross Margin
30.0%
+2.8 pts YoY
Operating Income
$72.19M
+478.55% YoY
Source: SEC XBRL
Bloom Energy (BE) reported Q1 FY2026 revenue of $751.05M, up 130.4% year over year. Operating margin was 9.6%, against -5.8% a year earlier. Operating cash flow was $73.61M. BE's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.78 | 0.42 | Beat +86.6% |
| Mar 2026This filing | 0.44 | 0.13 | Beat +228.6% |
| Dec 2025 | 0.45 | 0.32 | Beat +40.7% |
| Sep 2025 | 0.15 | 0.10 | Beat +55.1% |
Adjusted (non-GAAP) EPS of $0.44 versus the $0.13 analyst consensus — a +228.6% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.23.
Compiled by AI from this SEC filing
Revenue more than doubled YoY, rising 130.4% from $326.0M to $751.1M in Q1 2026, reflecting a substantial acceleration in product deployments and customer demand for Bloom Energy's fuel cell solutions.
Source: 10-Q Income Statement (XBRL Financial Data)
Gross margin improved 282 basis points YoY from 27.2% to 30.0%, while operating margin swung dramatically from -5.8% to +9.6%, indicating improved operating leverage and cost efficiency at higher revenue volumes.
Source: 10-Q Income Statement & Key Ratios (XBRL Financial Data)
Operating income turned positive at $72.2M compared to a loss of $19.1M in Q1 2025, representing a 478.6% improvement and signaling a meaningful inflection point in the company's path to sustained profitability.
Source: 10-Q Income Statement (XBRL Financial Data)
Cash and equivalents surged 213.5% YoY to $2.49B, supported by positive operating cash flow of $73.6M (vs. -$110.7M in Q1 2025), providing substantial liquidity for operations and growth investments.
Source: 10-Q Balance Sheet & Cash Flow Statement (XBRL Financial Data)
R&D expenses grew 40.0% YoY to $56.8M, reflecting continued investment in technology development even as the company scaled revenues, though R&D as a percentage of revenue declined meaningfully given the revenue surge.
Source: 10-Q Income Statement (XBRL Financial Data)
Compiled by AI from this SEC filing · 2 high, 2 medium, 1 low
Long-term debt more than doubled YoY, rising 130.2% to $2.60B, resulting in a debt-to-equity ratio of 4.03x. This elevated leverage increases financial risk and interest expense obligations, potentially constraining future financial flexibility if revenue growth slows.
Source: 10-Q Balance Sheet (XBRL Financial Data)
Cost of revenue grew 121.4% YoY to $525.5M, consuming approximately 70% of total revenue. While gross margins improved modestly, any supply chain disruptions, input cost inflation, or production inefficiencies could quickly erode the thin margin buffer.
Source: 10-Q Income Statement (XBRL Financial Data)
The 130.4% YoY revenue jump raises questions about whether this pace is sustainable or driven by a concentrated set of large orders. A normalization in order flow could result in significant revenue deceleration in subsequent quarters.
Source: 10-Q Income Statement (XBRL Financial Data)
Total liabilities stand at $3.72B against total assets of $4.66B, meaning liabilities represent approximately 79.7% of total assets. While the current ratio of 5.03x indicates short-term liquidity is healthy, the overall balance sheet remains heavily leveraged.
Source: 10-Q Balance Sheet (XBRL Financial Data)
Investing cash outflows increased 223.1% YoY to -$45.9M, suggesting rising capital expenditure requirements to support growth. If capex continues to scale, it could pressure free cash flow generation despite improving operating profitability.
Source: 10-Q Cash Flow Statement (XBRL Financial Data)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $M | 751.05 $M | 326.02 $M | +130.37% |
Cost of Revenue $M | 525.51 $M | 237.31 $M | +121.44% |
Gross Profit $M | 225.54 $M | 88.71 $M | +154.26% |
Operating Income $M | 72.19 $M | -19.07 $M | +478.55% |
EPS (Basic) $ | 0.25 $ | -0.10 $ | +350.00% |
EPS (Diluted) $ | 0.23 $ | -0.10 $ | +330.00% |
R&D Expense $M | 56.85 $M | 40.61 $M | +39.98% |
Answers draw on this SEC filing and the data on this page
Bloom Energy delivered a sharp turnaround in Q2 FY2026 with total revenue more than doubling to $1,065.4M and net income attributable to common stockholders of $196.3M (vs. a $42.6M loss a year ago), driven by strong product revenue growth and a return to operating profitability.
Bloom Energy (BE) delivered strong FY2025 revenue growth of 37.3% to $2.02B, with operating income surging 217.8% to $72.8M, though the company still reported a negative EPS of -$0.37 amid a significant balance sheet expansion driven by a large financing round.