Bloom Energy’s Q1 Revenue Jumps 130% to $751M and Lifts 2026 Guidance
Bloom Energy reported Q1 revenue of $751 million, a 130% year-over-year jump, and adjusted EPS of $0.44, beating analyst estimates. The company raised its 2026 revenue guide to $3.4–$3.8 billion and secured a 2.8GW Oracle data-center deal.
1. Q1 Earnings Beat
Bloom Energy delivered Q1 revenue of $751 million, up 130% year-over-year, with adjusted EPS of $0.44, surpassing consensus forecasts and marking its strongest quarterly top-line growth in over five years.
2. Guidance Raise
Management lifted the full-year 2026 revenue outlook to $3.4–$3.8 billion and raised the gross margin target to 32%–34%, reflecting confidence in scaling production and improving unit economics.
3. Oracle Data Center Deal
The company secured a 2.8GW deployment agreement with Oracle for its Project Jupiter facility in New Mexico, bolstering Bloom’s backlog and positioning it as a preferred power provider for large-scale data centers.
4. Market and Analyst Reaction
Shares have climbed 217% year-to-date, hit a record high of $290.50, and prompted eight brokerages to lift price targets, while options volume spiked as both calls and puts surged on heightened investor interest.