Bloom Energy Q1 2026 Earnings Review

Have you ever seen a company beat consensus REVENUE estimates by 36%?

Have you ever seen a company beat consensus REVENUE estimates by 36%? They absolutely mogged these analysts lmao.

And this probably meant that they shipped between 50 and 100% more Bloom boxes than people thought, because their revenue is made up of product, service, and several other line items. A lot of the other stuff is based off of installed base. The growth measure is really product revenue, and this beat was completely driven by product revenue. So in that sense, it’s actually even bigger than the headline number suggests.

For the guide, they increased their revenue midpoint by 12.5% and their operating income midpoint by… 125%. Their operating income guide is now 50% above street consensus.

The way they’re growing quarter over quarter, I honestly severely doubt that they won’t beat their midpoint by a crazy amount. I mean, we’re already at 750 million this quarter, and the guide implies 900 million per quarter run rate. Given that they just TRIPLED product revenue year over year and are easily growing double digits sequentially. I think they’re easily above $1 billion per quarter in the second half and smash right through that guide.

Unsurprisingly, we are up 12%.

This is really incredible stuff from Bloom. Now let’s see what they drop on the call.