AI-extracted from the 10-Q filed 2026-10-22 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Bloom Energy's Q3 2026 revenue rose 138% YoY to $1.24B, driven by product revenue that nearly tripled, while gross margin expanded to 34% and operating income turned sharply positive.
Biggest Revenue Drivers
Product$1.07B+179% YoY
Increase in new acceptances and subsequent delivery of existing contracts, driven by continued demand for time-to-power solutions.
Service$67.6M+15% YoY
Higher revenue from maintenance contracts associated with growth of installed base, partially offset by higher product performance guarantee costs.
Biggest Revenue Drivers
Total revenue: $1.24B+138% YoY
Product$1.07B+179% YoY
Increase in new acceptances and subsequent delivery of existing contracts, driven by continued demand for time-to-power solutions.
Service$67.6M+15% YoY
Higher revenue from maintenance contracts associated with growth of installed base, partially offset by higher product performance guarantee costs.
Installation$84.9M+29% YoY
Attributed to timing and scope of installation activity and achievement of project milestones.
Electricity$9.8M-5% YoY
Decrease due to termination and repowering of certain Managed Services related sites.
Largest Expense Items
Cost of product revenue$667.0M+167% YoY
Higher product volume and increased product warranty, partially offset by manufacturing efficiency and automation gains, net of higher freight costs.
General and administrative$75.1M+41% YoY
Higher employee compensation and benefits including stock-based compensation, plus professional services, facilities and IT costs.
Research and development$64.1M+32% YoY
Higher employee compensation and benefits including stock-based compensation and increased R&D investment.
Sales and marketing$52.4M+25% YoY
Higher employee compensation and benefits including stock-based compensation and increased commercial activity.
Margins: Total gross margin rose to 34% from 29% a year earlier, led by product gross margin of 38% versus 35%, reflecting higher volume, manufacturing efficiency and automation. Installation margin was negative at (5)%.
Watch Items from the Filing
Two customers accounted for approximately 43% and 26% of total revenue in the quarter, with the second being a related party.
Commitments under supplier agreements with terms over 12 months total approximately $5.8 billion, subject to potential price adjustments.
Recourse debt of $2,473.5M consists mainly of 0% convertible notes due 2030; the filing notes rising stock price increased their fair value to $4,155.6M.
Growing opposition to data center development, including a New York moratorium, may increase sales cycles, permitting delays and project cancellations.
A securities class action was filed in July 2026 alleging misleading supply chain statements; the company believes it is without merit and intends to defend vigorously.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
9 transactions in BE reported by 3 members of Congress under the STOCK Act, most recent trade Jul 28, 2026. Reported transactions, not recommendations.
About Bloom Energy Corp (BE): stock profile, AI score and financials
Bloom Energy Corp (BE) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores BE at 74.8/100 on a composite quality score built from its SEC filings, placing it at rank #104 of 2,925 stocks — the top 5% of the AI-ranked universe. BE scores in the top quartile across revenue growth (96.3), balance sheet strength (89.0), profitability (78.3). Based on the latest XBRL financial filings (Q3 2026), Bloom Energy Corp reports quarterly revenue of $1.2B, net income of $249.0M, an operating margin of 18.2%. Top institutional holders of BE by reported 13-F value include BlackRock, AMERIPRISE FINANCIAL, GOLDMAN SACHS GROUP, based on the most recent SEC filings. BE trades on the NYSE exchange and files with the SEC under CIK 1664703. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Bloom Energy Corp directly from SEC EDGAR.