Bloom Energy Corporation · NYSE:BE

Bloom Energy — Q2 2026 Earnings Presentation

19 slides from Bloom Energy's earnings presentation, Jul 28, 2026

  1. Slide 1: Q2'26 Earnings

    July 28, 2026 Q2’26 Earnings

  2. Slide 2: Forward-looking Statements and Non-GAAP Financial Measures

    2Bloom Energy Proprietary & Confidential Forward-looking Statements and Non-GAAP Financial Measures This presentation may contain certain forward-looking statements relating to future events and expectations, including estimates and projections for our business outlook for the 2026 fiscal year, each

  3. Slide 3: Bloom's Mission

    3Bloom Energy Proprietary & Confidential To Make Clean, Reliable Energy Affordable for Everyone in the World. Bloom’s Mission

  4. Slide 4: Financial Performance

    4Bloom Energy Proprietary & Confidential Financial Performance Note: Dollars in millions, except per share figures and YoY information 1. Please reference appendix for GAAP to Non-GAAP reconciliations $ in millions Q2’26 Q2’25 YoY Revenue $1,065.4 $401.2 165.5% Non-GAAP Gross Margin1 34.3% 28.2% 604

  5. Slide 5: Raising 2026 Financial Guidance

    5Bloom Energy Proprietary & Confidential Raising 2026 Financial Guidance Metric 2026 Guidance YoY Revenue $3.9B - $4.2B ~100%1 Non-GAAP Gross Margin2 ~34% ~374 bps Non-GAAP Operating Income2 $800M - $900M ~↑ 3.8x1 Non-GAAP EPS2 $2.55 - $2.85 ~↑ 3.6x1 1. YoY change based on midpoint of range. EPS is

  6. Slide 6: Growing Revenue and Expanding Margins

    6Bloom Energy Proprietary & Confidential 2026 Guidance: Revenue Growth ~100% 1, Gross Margin % +~374 bps Growing Revenue and Expanding Margins Revenue ($ in billions) 2021 22 23 24 25 2026E Non-GAAP Gross Margin2 242021 2026E22 23 25 $1.0 $1.2 $1.3 $1.5 $2.0 $3.9 - $4.2 22% 23% 26% 29% 30% 34% 1. Yo

  7. Slide 7: Demonstrating Operating Leverage

    7Bloom Energy Proprietary & Confidential $(38) $(33) $19 $108 $221 $800 - $900 Demonstrating Operating Leverage Non-GAAP Operating Expenses as % of Revenue1 2021 22 23 24 25 2026E Non-GAAP Operating Income1 242021 2026E22 23 25 26% 26% 24% 21% 19% 13% 1. Please reference appendix for GAAP to Non-GAA

  8. Slide 8: Appendix

    Bloom energy Appendix Q2 2026

  9. Slide 9: Gross Profit and Margin

    9Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Gross Profit and Margin $ in millions Q2’26 Q2’25 GAAP revenue $1,065.4 $401.2 GAAP cost of sales 709.8 294.1 GAAP gross profit $355.6 $107.1 Non-GAAP adjustments: Stock-based compensation expense 9.7 5.7 Restructuring - 0.3 O

  10. Slide 10: Operating Income (Loss) and Margin

    10Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Operating Income (Loss) and Margin $ in millions Q2’26 Q2’25 GAAP operating income (loss) $182.2 ($3.5) Non-GAAP adjustments: Stock-based compensation expense 56.4 30.2 Restructuring 0.8 1.8 Other 0.2 0.2 Non-GAAP operating i

  11. Slide 11: Gross Profit and Margin

    11Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Gross Profit and Margin $ in millions 2025 2024 2023 2022 2021 GAAP revenue $2,024.0 $1,473.9 $1,333.5 $1,199.1 $972.2 GAAP cost of sales 1,436.6 1,069.2 1,135.7 1,050.8 774.6 GAAP gross profit $587.4 $404.6 $197.8 $148.3 $19

  12. Slide 12: Non-GAAP Operating Expenses as % of Revenue

    12Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Non-GAAP Operating Expenses as % of Revenue $ in millions 2025 2024 2023 2022 2021 GAAP operating expenses $514.6 $381.7 $406.7 $409.3 $312.1 Non-GAAP adjustments: Stock-based compensation expense 120.9 66.4 69.6 95.0 62.3 Re

  13. Slide 13: Operating Income (Loss) and Margin

    13Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Operating Income (Loss) and Margin $ in millions 2025 2024 2023 2022 2021 GAAP operating income (loss) $72.8 $22.9 ($208.9) ($261.0) ($114.5) Non-GAAP adjustments: Stock-based compensation expense 145.0 83.0 87.1 114.0 76.1 R

  14. Slide 14: Net Income (Loss) and EPS

    14Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Net Income (Loss) and EPS $ in millions, except per share Q2’26 Dilutive earnings per share Q2’25 Dilutive earnings per share GAAP net income (loss) to common stockholders $196.3 $0.62 ($42.6) ($0.18) Non-GAAP adjustments: Ad

  15. Slide 15: Adjusted EBITDA

    15Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Adjusted EBITDA $ in millions Q2’26 Q2’25 GAAP net income (loss) to common stockholders $196.3 ($42.6) Non-GAAP adjustments: Add back: Income for non-controlling interests 2.6 0.4 Stock-based compensation expense 56.4 30.2 Re

  16. Slide 16: Adjusted EBITDA

    16Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Adjusted EBITDA $ in millions 2025 2024 2023 2022 2021 GAAP net loss to common stockholders ($88.4) ($29.2) ($302.1) ($301.4) ($164.4) Non-GAAP adjustments: Add back: Income (loss) for non-controlling interests 1.3 2.0 (5.8)

  17. Slide 17: Diluted Earnings (Loss) Per Share

    17Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Diluted Earnings (Loss) Per Share $ and count in millions, except per share Q2’26 Q2’25 Numerator for basic earnings per share: GAAP Net income (loss) attributable to common stockholders $196.3 ($42.6) Non-GAAP Net income att

  18. Slide 18: Gross Profit (Loss) and Margin

    18Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Gross Profit (Loss) and Margin 1. Please reference section “GAAP to Non-GAAP reconciliation: Gross profit and margin” of the appendix for detailed GAAP to Non-GAAP reconciliations Q2’26 Q2’25 $ in Millions Revenue GAAP gross

  19. Slide 19: Thank You

    Bloom energy Thank Yo

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