Analyst Consensus ?
ConsensusHold30 ratings
Bullish1653.3%
Neutral1136.7%
Bearish310.0%
1 unmapped firm rating excluded from the percentages.
Bloom Energy Corporation · BE · FY2026 Q1 · Calendar Q2 2026
Bloom Energy raises 2026 outlook as AI power demand drives expansion
The current-quarter analysis supports a constructive operating thesis: strong AI and data-center demand, rapid manufacturing expansion, raised guidance, and long-term service contracts could support growth. The main tests are whether demand converts on schedule and whether Bloom can scale capacity, margins, and supply without increasing execution risk.
Reported After market closeNYSEIndustrials
$64.14B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.44
Consensus $0.12
EPS surprise
+255.1%
Reported versus consensus
Reported revenue
$751.1M
Consensus $539.9M
Revenue surprise
+39.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+27.2%
Event window
SPY move
-0.0%
Same window
Abnormal move
+27.2%
Stock minus SPY
Volume
2.0×
Versus trailing sessions
Subsequent drift
+0.7%
Up to 20 sessions
BESPY benchmark
Ask FN2 about BE FY2026 Q1
Transcript, numbers and history already loaded
Why did BE rise 27.2% after beating EPS estimates in FY2026 Q1?What changed in BE's guidance and outlook in FY2026 Q1?Give me the bull and bear case for BE after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current-quarter analysis reports raised full-year 2026 revenue and gross-margin guidance, a new Oracle Project Jupiter partnership, and a manufacturing target of at least 5 GW annually. Prior-quarter analysis was not supplied, so a quarter-over-quarter comparison is unavailable.
Guidance delta
Management raised full-year 2026 revenue guidance to $3.4-$3.8 billion and gross-margin guidance to 34%.
Key takeaways
- The transcript analysis describes record Q1 results and operating-margin expansion.
- Management highlighted strong AI and data-center demand, including the Oracle Project Jupiter partnership.
- A 100% service-contract attach rate supports a long-duration recurring-revenue model.
- Manufacturing capacity is being expanded toward at least 5 GW annually.
- The investment case remains exposed to execution, supply, permitting, and conventional-power competition.
Management priorities
- Expand manufacturing capacity toward at least 5 GW annually.
- Deepen hyperscaler and utility partnerships for AI and commercial-industrial projects.
- Continue modular-system and ultra-capacitor development.
- Pursue international opportunities after U.S. demand stabilizes.
- Target double-digit cost reductions and margin improvement.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$191.12Current
$10Low
$158.5Average
$351High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 23, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Hold | Hold | Maintain | Oct 16, 2026 |
| Baird | Outperform | Outperform | Maintain | Oct 15, 2026 |
| UBS | Buy | Buy | Maintain | Oct 7, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | Oct 7, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 2, 2026 |
| Jefferies | Hold | Hold | Maintain | Sep 29, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Sep 28, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Sep 14, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 30, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 29, 2026 |
| BTIG | Buy | Buy | Maintain | Jul 29, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 29, 2026 |
| TD Cowen | Hold | Hold | Maintain | Jul 20, 2026 |
| Susquehanna | Positive | Positive | Maintain | Jul 10, 2026 |
| Roth Capital | Neutral | Neutral | Maintain | Jul 1, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jul 1, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Apr 30, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Feb 6, 2026 |
| Clear Street | Hold | Hold | Maintain | Dec 29, 2025 |
| B of A Securities | Underperform | Underperform | Maintain | Nov 25, 2025 |
| HSBC | Buy | Hold | Upgrade | Oct 29, 2025 |
| Piper Sandler | Overweight | Overweight | Maintain | May 5, 2025 |
| Roth MKM | Neutral | Neutral | Maintain | Apr 16, 2025 |
| Redburn Atlantic | Sell | Neutral | Downgrade | Apr 9, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Feb 16, 2024 |
| Keybanc | Overweight | Downgrade | Feb 16, 2024 | |
| Credit Suisse | Outperform | Outperform | Maintain | Feb 13, 2023 |
| Northland Capital Markets | Outperform | Outperform | Maintain | Jul 8, 2022 |
| Northcoast Research | Buy | Buy | Maintain | Mar 30, 2021 |
| Johnson Rice | Buy | Accumulate | Maintain | Dec 10, 2020 |
| Bank of America | Underperform | Underperform | Maintain | Sep 3, 2019 |
Named analyst price targets
Upside is calculated against the persisted current price $191.12. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| BMO Capital | Ameet Thakkar | $260 | $237.12 | +36.0% | Oct 21, 2026 |
| Truist Financial | Christopher Souther | $240 | $236.3 | +25.6% | Oct 16, 2026 |
| Robert W. Baird | Ben Kallo | $351 | $239.34 | +83.7% | Oct 15, 2026 |
| Roth Capital | Analyst unavailable | $260 | $262.28 | +36.0% | Oct 13, 2026 |
| Barclays | Analyst unavailable | $308 | $276.98 | +61.2% | Oct 1, 2026 |
| Jefferies | Julien Dumoulin-Smith | $264 | $262.87 | +38.1% | Sep 29, 2026 |
| Mizuho Securities | Maheep Mandloi | $351 | $275.75 | +83.7% | Sep 14, 2026 |
| UBS | Manav Gupta | $325 | $252.87 | +70.1% | Sep 7, 2026 |
| Jefferies | Analyst unavailable | $229 | $236.22 | +19.8% | Aug 14, 2026 |
| Wells Fargo | Analyst unavailable | $176 | $163.75 | -7.9% | Jul 30, 2026 |
| Mizuho Securities | Analyst unavailable | $242 | $163.75 | +26.6% | Jul 30, 2026 |
| Truist Financial | Analyst unavailable | $218 | $163.75 | +14.1% | Jul 29, 2026 |
| Jefferies | Analyst unavailable | $188 | $181.02 | -1.6% | Jul 29, 2026 |
| BMO Capital | Analyst unavailable | $227 | $171.02 | +18.8% | Jul 29, 2026 |
| UBS | Analyst unavailable | $300 | $166.84 | +57.0% | Jul 29, 2026 |
| Bernstein | Sunaina Ocalan | $282 | $166.84 | +47.6% | Jul 29, 2026 |
| Truist Financial | Christopher Souther | $250 | $233.49 | +30.8% | Jul 13, 2026 |
| Susquehanna | Analyst unavailable | $298 | $257.02 | +55.9% | Jul 10, 2026 |
| Jefferies | Julien Dumoulin-Smith | $246 | $270.89 | +28.7% | Jul 6, 2026 |
| Roth Capital | Analyst unavailable | $285 | $313.48 | +49.1% | Jul 1, 2026 |
| UBS | Analyst unavailable | $350 | $302.7 | +83.1% | Jul 1, 2026 |
| Evercore ISI | Nicholas Amicucci | $350 | $302.7 | +83.1% | Jul 1, 2026 |
| Barclays | Analyst unavailable | $276 | $345.85 | +44.4% | Jun 23, 2026 |
| UBS | Manav Gupta | $322 | $338.88 | +68.5% | Jun 22, 2026 |
| Bernstein | Sunaina Ocalan | $276 | $280.88 | +44.4% | Jun 16, 2026 |
| RBC Capital | Christopher Dendrinos | $335 | $237.76 | +75.3% | Jun 10, 2026 |
| Daiwa | Analyst unavailable | $324 | $307.88 | +69.5% | May 22, 2026 |
| Barclays | Analyst unavailable | $254 | $284.1 | +32.9% | May 11, 2026 |
| Mizuho Securities | Maheep Mandloi | $285 | $282.34 | +49.1% | May 1, 2026 |
| Roth Capital | Chip Moore | $225 | $279.4 | +17.7% | Apr 29, 2026 |
| Morgan Stanley | Analyst unavailable | $310 | $275.35 | +62.2% | Apr 29, 2026 |
| Susquehanna | Analyst unavailable | $293 | $226.37 | +53.3% | Apr 29, 2026 |
| BTIG | Analyst unavailable | $295 | $226.37 | +54.4% | Apr 29, 2026 |
| Barclays | Analyst unavailable | $177 | $231.17 | -7.4% | Apr 27, 2026 |
| UBS | Manav Gupta | $251 | $218.27 | +31.3% | Apr 21, 2026 |
| UBS | Analyst unavailable | $155 | $217.19 | -18.9% | Apr 14, 2026 |
| Jefferies | Analyst unavailable | $187 | $212.79 | -2.2% | Apr 14, 2026 |
| Susquehanna | Analyst unavailable | $173 | $160.13 | -9.5% | Apr 9, 2026 |
| Jefferies | Analyst unavailable | $97 | $133.24 | -49.2% | Mar 27, 2026 |
| Jefferies | Analyst unavailable | $102 | $149.92 | -46.6% | Feb 10, 2026 |
| Mizuho Securities | Maheep Mandloi | $110 | $143.03 | -42.4% | Feb 9, 2026 |
| UBS | Manav Gupta | $170 | $136.98 | -11.0% | Feb 6, 2026 |
| Evercore ISI | Analyst unavailable | $179 | $139.3 | -6.3% | Feb 6, 2026 |
| BMO Capital | Analyst unavailable | $149 | $145.06 | -22.0% | Feb 6, 2026 |
| BTIG | Analyst unavailable | $165 | $142.66 | -13.7% | Feb 6, 2026 |
| Morgan Stanley | Analyst unavailable | $184 | $136.6 | -3.7% | Feb 6, 2026 |
| Wells Fargo | Analyst unavailable | $130 | $136.6 | -32.0% | Feb 6, 2026 |
| Roth Capital | Analyst unavailable | $133 | $170.43 | -30.4% | Feb 3, 2026 |
| Barclays | Analyst unavailable | $153 | $152.31 | -19.9% | Jan 28, 2026 |
| Robert W. Baird | Analyst unavailable | $172 | $139.62 | -10.0% | Jan 27, 2026 |
| Jefferies | Dushyant Ailani | $92 | $144.2 | -51.9% | Jan 26, 2026 |
| RBC Capital | Analyst unavailable | $143 | $151.94 | -25.2% | Jan 20, 2026 |
| Truist Financial | Analyst unavailable | $68 | $125.07 | -64.4% | Jan 9, 2026 |
| Daiwa | Analyst unavailable | $98 | $105 | -48.7% | Dec 2, 2025 |
| Wedbush | Analyst unavailable | $39 | $95.56 | -79.6% | Nov 25, 2025 |
| Jefferies | Dushyant Ailani | $53 | $127.85 | -72.3% | Oct 31, 2025 |
| HSBC | Samantha Hoh | $150 | $138.65 | -21.5% | Oct 29, 2025 |
| Morgan Stanley | Analyst unavailable | $155 | $136.26 | -18.9% | Oct 29, 2025 |
| Mizuho Securities | Analyst unavailable | $89 | $137.18 | -53.4% | Oct 29, 2025 |
| Roth Capital | Chip Moore | $103 | $113.28 | -46.1% | Oct 29, 2025 |
| Susquehanna | Analyst unavailable | $157 | $113.28 | -17.9% | Oct 29, 2025 |
| BMO Capital | Analyst unavailable | $136 | $113.28 | -28.8% | Oct 29, 2025 |
| Robert W. Baird | Ben Kallo | $157 | $113.28 | -17.9% | Oct 29, 2025 |
| BTIG | Analyst unavailable | $145 | $137.18 | -24.1% | Oct 29, 2025 |
| Wells Fargo | Michael Blum | $95 | $109.06 | -50.3% | Oct 21, 2025 |
| RBC Capital | Christopher Dendrinos | $123 | $111.5 | -35.6% | Oct 20, 2025 |
| BMO Capital | Analyst unavailable | $97 | $109.91 | -49.2% | Oct 14, 2025 |
| UBS | Manav Gupta | $115 | $109.91 | -39.8% | Oct 14, 2025 |
| Evercore ISI | Analyst unavailable | $137 | $112.14 | -28.3% | Oct 13, 2025 |
| Susquehanna | Analyst unavailable | $105 | $107.5 | -45.1% | Oct 13, 2025 |
| HSBC | Analyst unavailable | $100 | $87.58 | -47.7% | Oct 9, 2025 |
| Evercore ISI | Analyst unavailable | $100 | $86.97 | -47.7% | Oct 6, 2025 |
| Mizuho Securities | Analyst unavailable | $79 | $90.19 | -58.7% | Oct 2, 2025 |
| RBC Capital | Analyst unavailable | $75 | $84.57 | -60.8% | Sep 30, 2025 |
| BTIG | Gregory Lewis | $80 | $70.32 | -58.1% | Sep 29, 2025 |
| UBS | Analyst unavailable | $105 | $83.33 | -45.1% | Sep 19, 2025 |
| Robert W. Baird | Analyst unavailable | $61 | $54.91 | -68.1% | Sep 4, 2025 |
| Mizuho Securities | Maheep Mandloi | $26 | $16.32 | -86.4% | May 5, 2025 |
| RBC Capital | Chris Dendrinos | $26 | $17.9 | -86.4% | Apr 14, 2025 |
| Piper Sandler | Analyst unavailable | $31 | $24.02 | -83.8% | Feb 28, 2025 |
| BMO Capital | Ameet Thakkar | $19.5 | $19.2 | -89.8% | Nov 15, 2024 |
| Piper Sandler | Kashy Harrison | $10 | $10.15 | -94.8% | Oct 29, 2024 |
| Jefferies | Lloyd Byrne | $11 | $10.91 | -94.2% | Sep 23, 2024 |
| Morgan Stanley | Andrew Percoco | $22 | $14.54 | -88.5% | Jul 15, 2024 |
| RBC Capital | Chris Dendrinos | $20 | $13.99 | -89.5% | Jul 15, 2024 |
| RBC Capital | Chris Dendrinos | $15 | $14.75 | -92.2% | Jun 12, 2024 |
| RBC Capital | Chris Dendrinos | $14 | $12.92 | -92.7% | May 21, 2024 |
| Wells Fargo | Michael Blum | $14 | $12.92 | -92.7% | May 20, 2024 |
| C.L. King | Tom Hayes | $17 | $12.23 | -91.1% | May 16, 2024 |
| Evercore ISI | James West | $20 | $11.74 | -89.5% | May 10, 2024 |
| Evercore ISI | James West | $21 | $11.24 | -89.0% | Apr 1, 2024 |
| Susquehanna | Biju Perincheril | $16 | $10.84 | -91.6% | Mar 27, 2024 |
| Truist Financial | Jordan Levy | $11 | $9.54 | -94.2% | Mar 6, 2024 |
| Truist Financial | Analyst unavailable | $26 | $23.48 | -86.4% | Feb 7, 2023 |
| Morgan Stanley | Analyst unavailable | $35 | $21.63 | -81.7% | Jan 10, 2023 |
| Wells Fargo | Analyst unavailable | $22 | $19.16 | -88.5% | Jan 6, 2023 |
| UBS | Analyst unavailable | $35 | $21.96 | -81.7% | Dec 14, 2022 |
| Susquehanna | Analyst unavailable | $35 | $25.18 | -81.7% | Aug 19, 2022 |
| Morgan Stanley | Analyst unavailable | $37 | $25.79 | -80.6% | Aug 18, 2022 |
| Truist Financial | Analyst unavailable | $31 | $29.79 | -83.8% | Aug 11, 2022 |
| Credit Suisse | Analyst unavailable | $33 | $29.78 | -82.7% | Aug 11, 2022 |
| KeyBanc | Sangita Jain | $33 | $29.3 | -82.7% | Aug 10, 2022 |
| Susquehanna | Analyst unavailable | $30 | $28.4 | -84.3% | Aug 10, 2022 |
| Raymond James | Analyst unavailable | $23 | $17.29 | -88.0% | Jul 12, 2022 |
| Morgan Stanley | Analyst unavailable | $21 | $15.22 | -89.0% | Jun 13, 2022 |
| Wolfe Research | Steve Fleishman | $22 | $15.13 | -88.5% | May 6, 2022 |
| Truist Financial | Analyst unavailable | $20 | $18.82 | -89.5% | May 2, 2022 |
| Raymond James | Pavel Molchanov | $27 | $16.88 | -85.9% | Feb 11, 2022 |
| KeyBanc | Leo Mariani | $30 | $20.21 | -84.3% | Jan 5, 2022 |
| Piper Sandler | Pearce Hammond | $21 | $19.64 | -89.0% | Sep 23, 2021 |
| Credit Suisse | Maheep Mandloi | $35 | $22.05 | -81.7% | Jul 13, 2021 |
Track every rating change on BE the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationBloom Energy Corporation engineers, produces, markets, and installs cutting-edge solid-oxide fuel cell systems designed for on-site electricity generation, serving clients both within the United States and internationally. Their core offering, the Bloom Energy Server, is an advanced power platform capable of converting various fuels, including natural gas, biogas, hydrogen, or a blend of these, directly into electricity using an electrochemical process that eliminates the need for combustion. The company provides its solutions to a wide array of critical infrastructure applications, such as data centers, hospitals, healthcare manufacturing and biotechnology facilities, grocery and hardware stores, banks, and telecommunication centers. Originally founded as Ion America Corp., the company adopted the name Bloom Energy Corporation in September 2006. Established in 2001, Bloom Energy Corporation's headquarters are situated in San Jose, California.
Historical context
All BE earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| SNA Snap-on Incorporated | FY2026 Q3 · Calendar Q4 2026 | -5.9% | -3.4% | Snap-on: C&I strength offsets organic sales pressure in Q3 |
| HON Honeywell International Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.6% | +1.7% | Honeywell Raises 2026 Outlook as Backlog and Forge Support Growth |
| LMT Lockheed Martin Corporation | FY2026 Q3 · Calendar Q4 2026 | +6.0% | +7.0% | Lockheed Martin: backlog and guidance rise, with execution risks |
| NSC Norfolk Southern Corporation | FY2026 Q3 · Calendar Q4 2026 | +4.6% | +3.1% | Norfolk Southern posts strong Q3 as capex outlook rises |
| POOL Pool Corporation | FY2026 Q3 · Calendar Q4 2026 | +1.2% | +14.4% | POOL: Q3 growth held up as freight costs pressured margins |
| UNP Union Pacific Corporation | FY2026 Q3 · Calendar Q4 2026 | +1.7% | +3.6% | Union Pacific Posts Record Q3 as Volumes and Productivity Improve |
Latest beats and misses
Who reports nextBeat on EPS
- DECKFY2027 Q2 · October 22, 2026+13.4% EPS-0.2% move
- OMCFY2026 Q3 · October 22, 2026+2.2% EPS+2.6% move
- SSNCFY2026 Q3 · October 22, 2026+0.6% EPS+2.8% move
- BEFY2026 Q3 · October 22, 2026+36.0% EPS-8.7% move
- ROPFY2026 Q3 · October 22, 2026+1.7% EPS+9.7% move
- BPOPFY2026 Q3 · October 22, 2026+5.8% EPS-2.8% move
Missed on EPS
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
- HBANPFY2026 Q3 · October 22, 2026-5.3% EPS0.0% move
- PCGFY2026 Q3 · October 22, 2026-0.8% EPS-1.3% move
Get the BE recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-23T14:00:43.993447+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-23T14:00:43.990590+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-23. For educational purposes only; not investment advice.