AI energy provider Bloom Energy reported its second-quarter 2026 financial results, with revenue surpassing the $1 billion mark for the first time and significantly raising its full-year guidance. The company’s total revenue for the second quarter reached $1.065 billion, a 166% increase year-over-year, exceeding Wall Street expectations. Non-GAAP diluted earnings per share were $0.78, also far exceeding analysts’ expectations.

Bloom Energy raised its full-year 2026 revenue guidance from $3.4 billion to $3.8 billion to $3.9 billion to $4.2 billion, and doubled its full-year adjusted operating profit guidance from $425 million to $450 million to $800 million to $900 million. KR Sridhar, the company’s Chairman and CEO, stated that all major U.S. hyperscale cloud providers, as well as several emerging cloud providers and AI labs, have validated and approved its power solutions for use in AI facilities. He emphasized that “chips without power are just inventory,” highlighting the company’s advantage in the speed of power delivery to AI data centers.