Bloom Energy Stock Surges on Stellar Earnings and AI-Driven Forecast
10.02.2026 - 10:01:09
Bloom Energy Corporation has delivered a powerful one-two punch to the market, capping off a record-breaking 2025 fiscal year with a 2026 outlook that has sent its shares soaring. The fuel cell technology leader is riding a wave of unprecedented demand, primarily fueled by the infrastructure needs of the artificial intelligence sector.
The company's fourth-quarter 2025 performance shattered expectations. Revenue reached $777.7 million, representing a year-over-year increase of nearly 36%. This growth was significantly driven by the product business segment, which expanded to $638.5 million from $471.7 million.
Profitability metrics were equally strong. Gross profit came in at $239.9 million, yielding a gross margin of 30.8%. Perhaps most impressive was the adjusted earnings per share of $0.45, which decisively beat the consensus analyst estimate of approximately $0.30.
Record Full-Year Performance
For the entire 2025 fiscal year, Bloom Energy's financial transformation became clear. Total revenue hit approximately $2.02 billion, a 37% leap from 2024. The company's profitability reached a pivotal inflection point.
On a GAAP basis, operating income nearly tripled to $72.8 million. The adjusted operating income more than doubled, climbing to $221 million from $107.6 million in the prior year, underscoring a dramatic improvement in the bottom line.
A 2026 Guidance That Redefines Expectations
The company's forecast for the coming year is what truly captured Wall Street's attention, far exceeding prior market projections. The 2026 guidance includes:
Should investors sell immediately? Or is it worth buying Bloom Energy?
- Revenue: $3.1 to $3.3 billion
- Adjusted Gross Margin: Approximately 32%
- Adjusted Operating Income: $425 to $475 million
- Adjusted Earnings Per Share: $1.33 to $1.48
This outlook stands roughly 20% above the previous consensus estimates, which had averaged around $2.6 billion in revenue and $1.12 per share.
The AI Data Center Catalyst
The foundation for this optimistic forecast is visible in the company's burgeoning order book. Bloom Energy's product backlog has swelled by about 140% year-over-year to around $6 billion. When including service agreements, the total backlog reaches approximately $20 billion.
This explosive growth is directly tied to the rising demand for decentralized power solutions for AI data centers. Bloom Energy's solid oxide fuel cells provide a critical answer: reliable, on-site power generation that operates independently of the strained public grid.
Market Reaction and Positioning
Investors responded enthusiastically to the news. On February 9, 2026, Bloom Energy's stock closed at $153.17, marking a single-day gain of over 7%. While this price remains below the 52-week high of $176.49, it is a world away from the yearly low of $15.15.
The company's market capitalization now stands near $40 billion. Armed with a substantial backlog and its ambitious guidance, Bloom Energy is positioned to significantly expand its role in the fast-growing data center infrastructure market.
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