Bloom Energy Corporation (NYSE: BE) saw its shares rise sharply in after-hours trading following the release of its fourth-quarter financial results and an optimistic forecast for fiscal 2026. The company reported significant revenue growth and earnings per share that exceeded analyst expectations, underpinned by demand in the AI data center industry and a growing product backlog.
In the fourth quarter, Bloom Energy generated revenue of $777.7 million, representing a 35.9% increase compared to the same period last year. This figure notably surpassed the consensus estimate of $652.1 million, as per financial data provider Benzinga Pro. Earnings per share (EPS) for the quarter came in at 45 cents, outpacing the predicted 31 cents per share.
For the entire fiscal year, the company's revenue totaled a record $2.02 billion, marking a 37.3% increase year-over-year. According to the company, growth was driven significantly by the AI data center sector, which contributed to the heightened demand for its power solutions.
Bloom Energy's financial performance was further highlighted by record gross margins and positive cash flow from operations for the second consecutive year. Such financial stability supports the company’s expansion plans and solidifies its operating efficiency.
The company currently holds a backlog of approximately $20 billion, signaling a strong pipeline of future business. Within this backlog, about $6 billion relates specifically to products, which represents a substantial increase of roughly 250% compared to the same period last year.
CEO KR Sridhar emphasized the evolving energy consumption landscape, stating, "Bring-your-own-power" has transformed from a marketing slogan into a critical business strategy, especially for AI hyperscalers and manufacturing facilities. He described this shift as both secular and expanding, highlighting its enduring impact on Bloom Energy's business prospects.
Looking ahead, Bloom Energy provided guidance for fiscal 2026, expecting adjusted earnings per share in the range of $1.33 to $1.48. This outlook surpasses the Street consensus estimate of $1.07 per share, indicating bullish confidence from the company's management.
Additionally, Bloom Energy anticipates net sales for fiscal 2026 to fall between $3.10 billion and $3.30 billion, which is considerably above the current analyst forecast of $2.54 billion. This optimistic projection is likely reflective of the strong backlog and sustained market demand.
Following the earnings announcement, Bloom Energy's stock price increased by 11.27%, reaching $152 in extended trading hours on Thursday. The shares have traded within a 52-week range of $15.15 to $176.49, demonstrating significant volatility and growth potential.
This financial release underscores Bloom Energy's strong position within the clean energy and power generation sector, with an emphasis on supporting infrastructure for data centers and manufacturing operations amidst evolving power needs.