Bloom Energy revenue more than doubled in the third quarter as demand for onsite power systems accelerated. The company released the results on October 22 for the quarter that ended September 30, keeping the announcement date separate from the reporting period.

Bloom Energy revenue and margins reach records

Bloom Energy reported revenue of $1.2358 billion, compared with $519.0 million in the year-earlier quarter. Product revenue increased 179.4% to $1.0736 billion.

Gross profit reached $417.1 million, while GAAP gross margin improved to 33.8% from 29.2%. Operating income rose to $225.4 million from $7.8 million, and diluted earnings per share reached $0.78 from a $0.10 loss.

Bloom Energy third-quarter performance
Revenue
2025: $519.0M
2026: $1,235.8M
Operating income
2025: $7.8M
2026: $225.4M

Source: Bloom Energy. Each metric pair is scaled to its own 2026 value.

Adjusted EBITDA increased to $299.5 million from $59.0 million. Investors comparing the reported and adjusted figures can use Fusion Market News’ guide on how to read an earnings report.

Bloom Energy revenue outlook rises again

Bloom now expects full-year revenue of $4.4 billion to $4.6 billion. The midpoint represents 122% growth, while non-GAAP operating income is projected at $960 million to $1.03 billion.

The company forecast a non-GAAP gross margin near 34% and non-GAAP earnings of $3.10 to $3.40 per share. Management linked demand to businesses seeking firm, distributed power, including customers supporting data-intensive operations.

That trend overlaps with the broader infrastructure buildout covered in Fusion Market News’ AI data-center battery report. The technologies differ, but both address rising power and resilience requirements.

Bloom also joined the S&P 500 during the period. The higher outlook still depends on project execution, manufacturing capacity and customers converting orders into installations.

Readers evaluating the company’s cash-generating potential can review the publication’s free cash flow explainer. Revenue growth alone does not guarantee equivalent cash growth when capacity investment and working capital rise.

Elsy Kanana is a financial and cryptocurrency journalist at FusionMarketNews, covering digital assets, blockchain technology, financial markets, and emerging fintech trends. Her reporting focuses on market movements, regulatory developments, and on-chain analytics, delivering clear, data-driven insights to readers worldwide.