Filing Flows › Bloom Energy (BE) › Q2 2026 › vs Q1 2026
Bloom Energy (BE) Q2 2026 vs Q1 2026 (quarter over quarter)
Bloom Energy's revenue rose $314M (+42%) from $751M in Q1 2026 to $1.1B in Q2 2026. The biggest changes: Product +$282M (+43%); Installation +$25.0M (+97%); Service +$7.1M (+12%). Gross margin 33.4% against 30.0% (+3.3 pts).
Bloom Energy, Q2 2026: revenue $1.1B (+166% year over year), operating margin 17.1%, net earnings $196M, operating cash flow $226M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 33.4% | 30.0% | +3.3 pts |
| Operating margin | 17.1% | 9.6% | +7.5 pts |
| Net margin | 18.4% | 9.4% | +9.0 pts |
| Free cash flow margin | 16.4% | 6.3% | +10.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Product | $935M | $653M | $282M | +43% |
| Service | $69.0M | $61.9M | $7.1M | +12% |
| Installation | $51.0M | $25.9M | $25.0M | +97% |
| Electricity | $5.3M | $5.2M | $89K | +2% |
| Other revenues | $4.6M | $4.7M | −$34K | -0.7% |
| Revenue | $1.1B | $751M | $314M | +42% |
| Gross profit | $356M | $226M | $130M | +58% |
| Cost of revenue | $710M | $526M | $184M | +35% |
| Other income, net | $18.1M | $1.9M | $16.1M | +830% |
| Operating profit | $182M | $72.2M | $110M | +152% |
| Operating expenses | $173M | $153M | $20.0M | +13% |
| Pre-tax earnings | $200M | $74.1M | $126M | +170% |
| Research & development | $58.9M | $56.8M | $2.0M | +4% |
| Sales & marketing | $43.0M | $38.4M | $4.6M | +12% |
| General & admin | $71.4M | $58.1M | $13.4M | +23% |
| Net earnings | $196M | $70.7M | $126M | +178% |
| Minority interests | $2.6M | $3.0M | −$472K | -16% |
| Income tax | $1.5M | $445K | $1.0M | +230% |
| Depreciation | $13.7M | $13.3M | $467K | +4% |
| Working capital & other | $16.4M | −$10.3M | $26.7M | — |
| Operating cash flow | $226M | $73.6M | $153M | +208% |
| Free cash flow (OCF − capex) | $175M | $47.4M | $127M | +269% |
| Capital expenditures | $51.6M | $26.2M | $25.5M | +97% |
Questions
How much did Bloom Energy's revenue grow quarter over quarter in Q2 2026?
Bloom Energy's revenue rose $314M (+42%) from $751M in Q1 2026 to $1.1B in Q2 2026.
What drove Bloom Energy's revenue change in Q2 2026?
Product +$282M (+43%); Installation +$25.0M (+97%); Service +$7.1M (+12%).