Filing Flows › Bloom Energy (BE) › Q1 2026
Bloom Energy (BE) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Bloom Energy (BE) reported revenue of $751M for the first quarter 2026 (Q1 2026), +130% from a year earlier and -3% from the quarter before. Operating margin was 9.6%, net earnings $70.7M (9.4% of revenue).
Bloom Energy, Q1 2026: revenue $751M (+130% year over year), operating margin 9.6%, net earnings $70.7M, operating cash flow $73.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $751M | -3% | +130% |
| Gross profit | $226M | -6% | +154% |
| Operating profit | $72.2M | -18% | — |
| Net earnings | $70.7M | 65× | — |
| Operating cash flow | $73.6M | -82% | — |
| Free cash flow | $47.4M | -88% | — |
What changed
Revenue was $751.1M in Q1 2026, up 130% year over year and down 3% from the previous quarter. Product was the largest line at 87% of revenue. Product added $441.5M year over year (up 208%), 104% of the total change. Electricity declined 74%.
Gross margin was 30.0%, up 2.8 points from Q1 2025. Operating profit was $72.2M, a 9.6% margin (up 15.5 points year over year). Operating expenses grew 42% against revenue growth of 130%. The fastest-growing cost line was Sales & marketing (+73%). Net earnings were $70.7M. The effective tax rate was 0.6%.
Operating cash flow was $73.6M, 100% of net income including minority interests. Non-cash charges added back $13.3M of depreciation. Working capital and other items used $13.4M. Capital expenditures of $26.2M left free cash flow of $47.4M.
Questions
What was Bloom Energy's revenue in the first quarter 2026?
Bloom Energy (BE) reported revenue of $751M for the first quarter 2026 (Q1 2026), +130% from a year earlier and -3% from the quarter before.
Was Bloom Energy profitable in the first quarter 2026?
Operating profit was $72.2M (9.6% of revenue) and net earnings $70.7M.
Source: Bloom Energy 10-Q on SEC EDGAR.