Filing Flows › Bloom Energy (BE) › Q3 2026 › vs Q3 2025
Bloom Energy (BE) Q3 2026 vs Q3 2025 (year over year)
Bloom Energy's revenue rose $717M (+138%) from $519M in Q3 2025 to $1.2B in Q3 2026. The biggest changes: Product +$689M (+179%); Installation +$19.1M (+29%); Service +$8.9M (+15%). Gross margin 33.8% against 29.2% (+4.5 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 33.8% | 29.2% | +4.5 pts |
| Operating margin | 18.2% | 1.5% | +16.7 pts |
| Net margin | 20.3% | -4.4% | +24.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Product | $1.1B | $384M | $689M | +179% |
| Installation | $84.9M | $65.8M | $19.1M | +29% |
| Service | $67.6M | $58.6M | $8.9M | +15% |
| Electricity | $5.0M | $4.6M | $369K | +8% |
| Revenue | $1.2B | $519M | $717M | +138% |
| Gross profit | $417M | $152M | $265M | +175% |
| Cost of revenue | $819M | $367M | $451M | +123% |
| Other income, net | $24.3M | −$30.5M | $54.8M | — |
| Operating profit | $225M | $7.8M | $218M | 29× |
| Operating expenses | $192M | $144M | $47.8M | +33% |
| Pre-tax earnings | $250M | −$22.6M | $272M | — |
| Research & development | $64.1M | $48.7M | $15.4M | +32% |
| Sales & marketing | $52.4M | $42.0M | $10.4M | +25% |
| General & admin | $75.1M | $53.1M | $22.0M | +41% |
| Loss borne by minority interests | $1.3M | −$133K | $1.4M | — |
| Net earnings | $250M | −$23.1M | $273M | — |
| Income tax | $817K | $336K | $481K | +143% |
| Operating cash sources | $291M | −$30.0M | $321M | — |
| Depreciation | $13.8M | $12.8M | $1.0M | +8% |
| Cash used in operations | $27.1M | −$19.7M | $46.8M | — |
| Working capital & other | $291M | −$30.0M | $321M | — |
Questions
How much did Bloom Energy's revenue grow year over year in Q3 2026?
Bloom Energy's revenue rose $717M (+138%) from $519M in Q3 2025 to $1.2B in Q3 2026.
What drove Bloom Energy's revenue change in Q3 2026?
Product +$689M (+179%); Installation +$19.1M (+29%); Service +$8.9M (+15%).