Electrical Equipment
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.
Key risk: Extreme customer concentration risk
Revenue from a single customer accounted for approximately 73% of total revenue for the six months ended June 30, 2026, and two customers together accounted for approximately 65% of Q2 revenue, creating significant dependence on a small number of counterparties whose purchasing decisions could materially affect results.