Bloom Energy Corporation (BE) Q1 2026 Earnings Call Transcript
If you are wondering how all those data centers will be powered, look no further than Bloom Energy NYSE: BE. It holds the key to unlocking the bottleneck limiting datacenter expansion today: power supply.
Shares of Bloom Energy (NYSE:BE) are zooming higher at midday Wednesday, with BE stock up 23% to $278.50 after the company posted a blowout Q1 2026 report and raised its full-year outlook.
Bloom Energy (NYSE:BE) reported
Shares of Bloom Energy Corporation (NYSE:BE) soared 23% on Wednesday after the fuel cell maker posted first-quarter results that nearly doubled Wall Street's revenue expectations and raised its full-year guidance, fuelled by surging demand from data center customers. The company reported first-quarter revenue of $751.1 million, crushing the analyst consensus of $535.3 million, while adjusted EBITDA of $143 million came in nearly three times the estimated $52.9 million.
Two major Wall Street firms raised the bar on Bloom Energy (NYSE:BE) stock today following a blowout quarter.
Bloom Energy Corporation delivered a blowout Q1 2026, with 130% YoY revenue growth and sharply expanded margins, driven by surging AI-related demand. BE raised full-year 2026 revenue guidance to $3.4–$3.8B (up ~80% YoY) and targets 34% gross margins, signaling accelerating adoption and operational efficiency. Despite stellar results, BE stock trades at extremely stretched valuations—PEG 2.9x, forward GAAP PE 230x—making the stock vulnerable to correction amid market/geopolitical risks.
For the last two years, investors have focused almost entirely on AI semiconductors.
Bloom Energy (BE) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.03 per share a year ago.
BE heads into first-quarter 2026 earnings with a record backlog and demand for clean, on-site power, boosting the outlook.
In the closing of the recent trading day, Bloom Energy (BE) stood at $231.17, denoting a -2.69% move from the preceding trading day.
Here is how Bloom Energy (BE) and Patterson-UTI (PTEN) have performed compared to their sector so far this year.