I'm Not Selling Bloom Energy Before Earnings. Here's the 1 Number I'm Watching.
Key Points
Bloom raised its full-year guidance twice in the first half of 2026.
Another beat-and-raise report in late October could drive its stock even higher.
Bloom Energy (NYSE: BE), a developer of solid oxide fuel cells (SOFCs), is expected to post its third-quarter earnings report in the last week of October. Its stock has already risen 2,350% over the past three years, but I wouldn't sell it as long as it reiterates or raises its full-year guidance.
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How rapidly is Bloom's top-line growth accelerating?
Bloom's year-over-year revenue growth accelerated significantly in the first half of 2026.
Metrics |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
Q2 2026 |
|---|---|---|---|---|---|
Revenue |
$401 million |
$519 million |
$778 million |
$751 million |
$1.07 billion |
Growth (YOY) |
20% |
57% |
36% |
130% |
166% |
Data source: Bloom Energy. YOY = Year-over-year.
That growth was entirely driven by the surging demand for its SOFC systems -- which convert natural gas, biogas, propane, and hydrogen into electricity without any combustion -- among AI-driven data centers. They can also be deployed rapidly and bypass traditional power grids.
Bloom initially expected its revenue to rise 53%-63% to $3.1 billion-$3.3 billion in 2026. But during its first-quarter report, it raised its outlook to $3.4-$3.8 billion, or 68%-88% growth. In its second-quarter report, it raised its outlook again to $3.9-$4.2 billion, or 93%-108% growth. Many investors will be waiting to see if Bloom can beat analysts' estimates and raise its full-year guidance for the third consecutive time. If that happens, its stock could soar even higher.
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bloom Energy. The Motley Fool has a disclosure policy.