What is the market's earnings forecast for Bloom Energy next quarter?

What factors drove the changes in Bloom Energy's revenue and profit?

What does Bloom Energy do and what are its main business segments?

What is the revenue and EPS growth rate for Bloom Energy year over year?

What is Bloom Energy's gross profit margin?

Did Bloom Energy beat or miss consensus estimates last quarter?

What were the key takeaways from Bloom Energy’s earnings call?

What were the key takeaways from Bloom Energy's earnings call?

- **Record Growth**: Q3 2025 revenue of $519M (+57% YoY), 30.4% gross margin, and $59M EBITDA reflect accelerating AI demand.
- **Capacity Expansion**: 2 GW by 2026 to support 4x revenue growth, with no customer bottlenecks.
- **Strategic Wins**: Brookfield ($500M AI partnership), AEP (utility-scale projects), and SK (semiconductor fabs) driving pipeline.
- **Technological Edge**: 800V DC architecture enables 5x power density, 10x reliability, and zero emissions. First project delivered in 55 days.
- **Global Momentum**: Europe/Asia power shortages and Brookfield's $1T AI infrastructure portfolio create $1T+ market opportunity.

**【CEO Summary Section】**
- Bloom Energy reported record revenue for the 4th consecutive quarter, driven by AI buildouts and on-site power demand. Q3 2025 revenue reached $519 million, up 57% YoY.
- The company is on track to double manufacturing capacity to 2 GW by end-2026, supporting 4x 2025 revenue growth. This expansion will ensure no capacity constraints for customers.
- Bloom's fuel cell technology offers 10x more power density than 10 years ago, with zero water consumption and 10x lower emissions. The product cost reduction trend continues at double-digit rates.
- Strategic partnerships include Brookfield (AI infrastructure), AEP (utility-scale projects), and SK (semiconductor fabs). Brookfield committed $500M to co-develop AI factories powered by Bloom.

**【CFO Financial Commentary】**
- Q3 2025 non-GAAP gross margin improved to 30.4% (vs. 25.2% YoY), driven by product cost reductions and manufacturing efficiencies.
- Operating income rose to $46.2 million (vs. $8.1M YoY), with service margins at 14.4% and product margins at 35.9%. Adjusted EBITDA was $59 million (vs. $21M YoY).
- Cash flow from operations was $20 million, with $627 million in total cash. The company expects 2025 results to exceed prior guidance.

**【Q&A Key Highlights】**
- **AI Power Demand**: Hyperscalers require Bloom's 800V DC architecture to power next-gen AI chips, reducing transmission losses and enabling 5x power density. First project delivered in 55 days vs. 90-day target.
- **Global Expansion**: Europe and Asia face power shortages, creating opportunities for Bloom's carbon-neutral fuel cells. Brookfield announced a European AI inference data center to be completed by year-end.
- **Competitive Advantage**: Bloom's solid-state technology outperforms turbines/engine-based solutions in reliability, scalability, and carbon capture. 100% uptime track record vs. 95% industry standard.
- **Capacity Utilization**: 2026 capacity expansion will support 4x 2025 revenue. Factory utilization rates will be disclosed with 2026 guidance.
- **CFO Search**: Process ongoing with urgency, but no timeline disclosed.

Bloom Energy Corporation (BE) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

BE

BE fundamentals

You can ask Aime