Key Points
Bloom beat easily on both top and bottom lines last night.
Sales are surging, and Bloom's earning far more than anyone on Wall Street expected it to.
- 10 stocks we like better than Bloom Energy ›
Bloom Energy (NYSE: BE) stock is off to the races Wednesday, surging 22.5% through 10:35 a.m. ET after crushing on Q1 2026 earnings last night.
Analysts expected Bloom to earn $0.13 per share pro forma on sales of $530.4 million, but Bloom blew past those numbers. Earnings of $0.44 per share were more than 3x expectations, and sales of $751.1 million beat forecasts by 42%.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Image source: Bloom Energy.
Bloom Energy Q1 earnings
Bloom Energy Q1 sales exploded 130% year over year, with hardware sales more than tripling and comprising 87% of total revenue. Gross margins earned on revenue inched higher, hitting 30%, and operating profit flipped from negative (a year ago) to positive (today).
Earnings calculated under generally accepted accounting principles (GAAP) were not quite as strong as the non-GAAP number shown above. Still, Bloom posted $0.23 per share in GAAP profits, versus a $0.10 per share loss in last year's Q1.
Free cash flow likewise flipped from deeply negative (burning $124.9 million in last year's Q1) to a respectable positive $47.4 million this time around.
What's next for Bloom stock?
Bloom's on a roll, and the speedy increase in hardware sales (Bloom's "boxes," which convert hydrogen and natural gas to electricity) lays the groundwork to drive services revenue higher down the road as well. Turning to guidance, Bloom raised its 2026 revenue forecast to a range of $3.4 billion to $3.8 billion -- versus the $3.2 billion Wall Street was expecting. Earnings will also be much higher than expected -- $1.85 to $2.25 per share (albeit non-GAAP).
Granted, even at the top of this range, Bloom's selling for more than 120 times forward earnings. But if Bloom is being priced like a growth stock -- at least it's growing to match.
Should you buy stock in Bloom Energy right now?
Before you buy stock in Bloom Energy, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bloom Energy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $497,606!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,306,846!*
Now, it’s worth noting Stock Advisor’s total average return is 985% — a market-crushing outperformance compared to 200% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of April 29, 2026.
Rich Smith 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
