Filing Flows › Bloom Energy (BE) › Q3 2026 › vs Q2 2026
Bloom Energy (BE) Q3 2026 vs Q2 2026 (quarter over quarter)
Bloom Energy's revenue rose $170M (+16%) from $1.1B in Q2 2026 to $1.2B in Q3 2026. The biggest changes: Product +$138M (+15%); Installation +$33.9M (+66%); Service −$1.5M (-2%). Gross margin 33.8% against 33.4% (+0.4 pts).
Bloom Energy, Q3 2026: revenue $1.2B (+138% year over year), operating margin 18.2%, net earnings $250M, operating cash flow −$27.1M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 33.8% | 33.4% | +0.4 pts |
| Operating margin | 18.2% | 17.1% | +1.1 pts |
| Net margin | 20.3% | 18.4% | +1.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Product | $1.1B | $935M | $138M | +15% |
| Installation | $84.9M | $51.0M | $33.9M | +66% |
| Service | $67.6M | $69.0M | −$1.5M | -2% |
| Electricity | $5.0M | $5.3M | −$326K | -6% |
| Revenue | $1.2B | $1.1B | $170M | +16% |
| Gross profit | $417M | $356M | $61.5M | +17% |
| Cost of revenue | $819M | $710M | $109M | +15% |
| Other income, net | $24.3M | $18.1M | $6.3M | +35% |
| Operating profit | $225M | $182M | $43.2M | +24% |
| Operating expenses | $192M | $173M | $18.3M | +11% |
| Pre-tax earnings | $250M | $200M | $49.5M | +25% |
| Research & development | $64.1M | $58.9M | $5.3M | +9% |
| Sales & marketing | $52.4M | $43.0M | $9.4M | +22% |
| General & admin | $75.1M | $71.4M | $3.7M | +5% |
| Loss borne by minority interests | $1.3M | −$2.6M | $3.9M | — |
| Net earnings | $250M | $196M | $54.0M | +28% |
| Income tax | $817K | $1.5M | −$653K | -44% |
| Operating cash sources | $291M | −$16.4M | $308M | — |
| Depreciation | $13.8M | $13.7M | $59K | +0.4% |
| Cash used in operations | $27.1M | −$226M | $254M | — |
| Working capital & other | $291M | −$16.4M | $308M | — |
Questions
How much did Bloom Energy's revenue grow quarter over quarter in Q3 2026?
Bloom Energy's revenue rose $170M (+16%) from $1.1B in Q2 2026 to $1.2B in Q3 2026.
What drove Bloom Energy's revenue change in Q3 2026?
Product +$138M (+15%); Installation +$33.9M (+66%); Service −$1.5M (-2%).