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Bloom Energy set to report Q2 results July 28 after close
In its prior quarter, Bloom reported revenue up 130.4% to $751.1 million, driven by a 208.4% jump in product revenue and higher operating income and operating cash flow.
Bloom Energy (NYSE:BE) plans to release its second-quarter financial results on July 28 after the market closes, a key event for investors focused on the hydrogen fuel cell company. Ahead of the report, the company’s most recent quarterly update came on April 28, when it posted revenue of $751.1 million, up 130.4% year over year. Product revenue surged 208.4% to $653.3 million, which supported $72.2 million in operating income and $73.6 million in cash flow from operating activities.
The quarter also highlighted ongoing partnerships tied to AI power demand. The company said it has secured strategic AI power partnerships with Oracle and Brookfield Asset Management, and it pointed to those collaborations as a catalyst for its results. Bloom previously said its Oracle partnership was expanded to deploy up to 2.8 gigawatts for AI infrastructure, and it noted Brookfield formed a $5 billion AI infrastructure partnership that was later expanded to $25 billion. The article also states Bloom expects 80% revenue growth this year and a more than 200% increase in profitability, with investors watching for any additional guidance changes when Q2 results are released.