Bloom Energy (BE) reported record quarterly revenue of $1.07 billion for Q2 2023, marking a significant 166% year-over-year increase and surpassing the $1 billion milestone for the first time. The demand for its solid-oxide fuel cell systems, particularly from major U.S. hyperscalers and AI data center operators, drove the surge in sales.
The company also turned a profit, posting a net income of $196.3 million, a notable recovery from a net loss during the same period last year. Additionally, Bloom Energy raised its full-year 2026 revenue outlook to between $3.9 – $4.2 billion, with adjusted earnings per share expected in a range of $2.55 – $2.85.
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