Filing Flows › Bloom Energy (BE) › Q2 2026 › vs Q2 2025
Bloom Energy (BE) Q2 2026 vs Q2 2025 (year over year)
Bloom Energy's revenue rose $664M (+166%) from $401M in Q2 2025 to $1.1B in Q2 2026. The biggest changes: Product +$639M (+215%); Service +$14.6M (+27%); Installation +$13.6M (+36%). Gross margin 33.4% against 26.7% (+6.7 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 33.4% | 26.7% | +6.7 pts |
| Operating margin | 17.1% | -0.9% | +18.0 pts |
| Net margin | 18.4% | -10.6% | +29.0 pts |
| Free cash flow margin | 16.4% | -54.9% | +71.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Product | $935M | $297M | $639M | +215% |
| Service | $69.0M | $54.4M | $14.6M | +27% |
| Installation | $51.0M | $37.4M | $13.6M | +36% |
| Electricity | $5.3M | $7.8M | −$2.5M | -32% |
| Other revenues | $4.6M | $5.0M | −$367K | -7% |
| Revenue | $1.1B | $401M | $664M | +166% |
| Gross profit | $356M | $107M | $248M | +232% |
| Cost of revenue | $710M | $294M | $416M | +141% |
| Other income, net | $18.1M | −$37.7M | $55.8M | — |
| Operating profit | $182M | −$3.5M | $186M | — |
| Operating expenses | $173M | $111M | $62.7M | +57% |
| Pre-tax earnings | $200M | −$41.2M | $242M | — |
| Research & development | $58.9M | $40.8M | $18.1M | +44% |
| Sales & marketing | $43.0M | $24.1M | $19.0M | +79% |
| General & admin | $71.4M | $45.8M | $25.6M | +56% |
| Net earnings | $196M | −$42.6M | $239M | — |
| Minority interests | $2.6M | $427K | $2.1M | +501% |
| Income tax | $1.5M | $1.0M | $453K | +45% |
| Depreciation | $13.7M | $12.6M | $1.1M | +9% |
| Working capital & other | $16.4M | −$183M | $199M | — |
| Operating cash flow | $226M | −$213M | $440M | — |
| Free cash flow (OCF − capex) | $175M | −$220M | $395M | — |
| Capital expenditures | $51.6M | $7.2M | $44.4M | +613% |
Questions
How much did Bloom Energy's revenue grow year over year in Q2 2026?
Bloom Energy's revenue rose $664M (+166%) from $401M in Q2 2025 to $1.1B in Q2 2026.
What drove Bloom Energy's revenue change in Q2 2026?
Product +$639M (+215%); Service +$14.6M (+27%); Installation +$13.6M (+36%).