--- title: "\"AI Power Newcomer\" Bloom Energy Doubles Quarterly Revenue, Sharply Raises Guidance; CEO Says It Is \"Becoming the Standard for On-Site Power\"" type: "News" locale: "en" url: "https://longbridge.com/en/news/284476297.md" description: "The company reported Q1 revenue of $751.1 million, a 130% year-over-year surge, and non-GAAP EPS of $0.44, both significantly beating expectations. The company simultaneously raised its full-year revenue guidance to $3.4–3.8 billion, lifting the median growth rate from 60% to 80%. Oracle’s Project Jupiter data center will switch all its power supply to Bloom Energy fuel cells, with the CEO stating, \"Bloom is rapidly becoming the standard and preferred solution for on-site power.\" Following the news, the stock price surged over 12%" datetime: "2026-04-29T01:55:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284476297.md) - [en](https://longbridge.com/en/news/284476297.md) - [zh-HK](https://longbridge.com/zh-HK/news/284476297.md) --- # "AI Power Newcomer" Bloom Energy Doubles Quarterly Revenue, Sharply Raises Guidance; CEO Says It Is "Becoming the Standard for On-Site Power" Behind the AI computing arms race lies an intensifying battle for electricity—and Bloom Energy is turning this crisis into its business opportunity. After the U.S. market close on April 28 local time, Bloom Energy released its first-quarter 2026 financial report, with revenue, profit, and gross margin all exceeding expectations, alongside a significant upward revision of its full-year guidance. Following the announcement, the company’s stock rose approximately 12% in after-hours trading. This Silicon Valley-based energy company, specializing in solid oxide fuel cells, is becoming an increasingly impossible-to-ignore name in the AI infrastructure boom. **Its products are distributed power generation systems that can be directly deployed within data center campuses—in other words, it sells “power plants that don’t plug into the grid.”** In terms of news flow, the day before the earnings release, Oracle announced that its “Project Jupiter” AI factory in New Mexico—a data center project with a scale of several gigawatts—**would replace all previously planned gas turbines and diesel generators with Bloom’s fuel cells, adopting a 100% Bloom solution.** ## Quarterly Results: Revenue Doubles, Profit Turns from Loss to Gain In the first quarter, Bloom Energy achieved revenue of $751.1 million, a 130% year-over-year increase, far exceeding Wall Street’s expectation of $540 million. The change on the profit side was even more significant. GAAP net income was $70.7 million, compared to a net loss of $23.8 million in the same period last year—within a year, the company completed a qualitative leap from loss to profitability. Adjusted (non-GAAP) earnings per share were $0.44, approximately four times the analyst consensus of $0.12. This result greatly surprised the market. Breaking it down specifically: - **Product Revenue**: $653.3 million, up 208% year-over-year, hitting a record high - **Service Revenue**: $61.9 million, up 15.6% year-over-year - **Non-GAAP Gross Margin**: 31.5%, an increase of 2.8 percentage points year-over-year - **Non-GAAP Operating Income**: $129.7 million, compared to just $13.2 million in the same period last year, nearly a 10-fold increase - **Adjusted EBITDA**: $143 million, compared to $25.2 million in the same period last year, an increase of about 6 times - **Operating Cash Flow**: $73.6 million, a year-over-year increase of $184.3 million, marking the first time in the company’s history that it achieved positive operating cash flow in the first quarter (traditionally a slow season) CFO Simon Edwards stated during the conference call: **“This is the first quarter in Bloom’s history as a public company with year-over-year growth exceeding 100%.”** CEO and Founder KR Sridhar stated: **“Bloom is rapidly becoming the standard and preferred solution for on-site power.”** ## Full-Year Guidance: Median Growth Rate Jumps from 60% to 80% The full-year guidance released alongside the earnings report was another highlight that excited the market. **Bloom Energy significantly raised its full-year 2026 revenue guidance from the previous $3.1–3.3 billion to $3.4–3.8 billion, lifting the median growth rate from 60% to 80%. The non-GAAP gross margin guidance was raised to approximately 34%.** Notably, the lower end of the new guidance range is already higher than the upper end of the old guidance. In comparison, according to The Wall Street Journal, analysts had previously expected full-year adjusted EPS of $1.42 and revenue of $3.24 billion—the company’s new guidance significantly exceeds market expectations on both core metrics. Simon Edwards added during the conference call: “We expect Q2 revenue to be at least flat compared to Q1, which gives us the confidence to raise our full-year guidance.” ## Oracle’s Major Order: 2.45 Gigawatts, All Using Bloom The day before the earnings release, an announcement had already provided the best footnote for this financial report. On April 27, Oracle and BorderPlex Digital Assets announced that the Project Jupiter data center campus to be built in New Mexico would adopt Bloom Energy fuel cells as the sole power supply solution, with a scale of up to 2.45 gigawatts. This solution will completely replace the originally planned gas turbines and diesel backup generators. Aman Joshi, Chief Commercial Officer of Bloom Energy, stated: “Bloom’s fuel cell technology will power one of the largest data center microgrids in the United States upon completion.” CEO and Founder KR Sridhar further explained the strategic significance of this order during the conference call: > - There are two core reasons for Oracle’s shift to Bloom’s exclusive solution: first, to be a responsible corporate citizen by addressing local residents’ concerns regarding air quality, water usage, noise, and rising electricity prices; > - second, to establish a clean AI factory independent of the grid with higher reliability and faster speed. He also emphasized that Oracle’s choice is not an isolated case: “Currently, more than half of our backlog orders for data centers come from other hyperscale cloud providers, emerging cloud providers, and managed service providers.” Additionally, last autumn, Brookfield Asset Management announced it would invest up to $5 billion to partner with Bloom Energy in deploying fuel cells for AI data centers. ## Why Bloom? The Power Supply Logic Explained To understand Bloom Energy’s growth logic, one must first understand the power supply dilemma facing AI data centers. The electricity demand of large-scale AI training data centers is enormous. KR Sridhar illustrated this during the conference call: A 2.5-gigawatt data center, if powered by combined cycle gas turbines (CCGT), would consume an amount of water daily equivalent to the total shower water usage of all residents in Rhode Island, and produce air pollution equivalent to the sum of emissions from almost all cars in the state. > Even in remote small towns, you can understand why there is opposition and why clean energy has become so important. Bloom’s solid oxide fuel cells do not involve combustion, produce no emissions, use very little water, generate low noise, and have a compact footprint. They can independently power data centers without relying on the grid, requiring no diesel backup generators or large-scale battery energy storage. KR Sridhar summarized this capability as “Digital Power”: “We are a power solution designed specifically for the digital age.” Regarding supply chain and production capacity, he stated that the company’s existing manufacturing capacity can support annual product deliveries of 5 gigawatts, and its expansion speed is much faster than that of traditional energy equipment manufacturers. “We will not become a bottleneck for our customers; this is our promise to them,” he said. “While the traditional power industry celebrates backlogs that take four or five years to deliver, our products can be delivered this year or next.” Regarding service contracts, KR Sridhar revealed that the average term for service contracts with data center customers is 10 to 15 years, and the bundling rate of product sales with service contracts is 100%—meaning every product sale comes with a service contract, constituting a continuous source of recurring revenue. ## New CFO’s Debut, Emphasizing the Vision of a “Generational Company” This was also Simon Edwards’ first appearance at a Bloom Energy earnings conference call as CFO. He had joined the company just two weeks prior. Simon Edwards explained his reasons for joining Bloom during the conference call: > I see strong tailwinds in the fields of AI infrastructure and electrification, as well as the real bottlenecks in power supply. Bloom is uniquely positioned to address this challenge, and this long-term opportunity extends far beyond AI. He positioned Bloom as a “generational company,” stating: “We have the opportunity to help build a company that can truly create value over the long term.” ### Related Stocks - [BE.US](https://longbridge.com/en/quote/BE.US.md) - [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md) - [BAM.US](https://longbridge.com/en/quote/BAM.US.md) - [ORCL-D.US](https://longbridge.com/en/quote/ORCL-D.US.md) ## Related News & Research - [Bloom Energy beats Q1 revenue estimates, raises 2026 revenue growth outlook](https://longbridge.com/en/news/284445147.md) - [Billionaire Stanley Druckenmiller sells SanDisk and buys an unstoppable AI energy stock up over 800% since its IPO](https://longbridge.com/en/news/284258522.md) - [AI smart glasses will help visually impaired runners take on the London Marathon](https://longbridge.com/en/news/284039660.md) - [Furbabies AI Expands Access to Pet Care and Reduces Loneliness](https://longbridge.com/en/news/284461616.md) - [Corpay Launches AI Capabilities to Modernize Spend Management | CPAY Stock News](https://longbridge.com/en/news/284393632.md)