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Bloom Energy Q3 revenue soars 138%, operating margin hits 23.1%, but cash flow remains negative.

Company Fundamentals
25 Oct 2026
Seeking Alpha
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Bullish
Bloom Energy Q3 revenue soars 138%, operating margin hits 23.1%, but cash flow remains negative.

Bloom Energy reported a 138% increase in Q3 revenue to $1.24 billion, driven by a 179% rise in product revenue to $1.07 billion, reflecting strong manufacturing scale and operating leverage. The operating margin expanded sharply to 23.1%, signaling improved profitability. However, operating cash flow was negative $27 million and free cash flow negative $181 million, indicating ongoing cash burn. Despite a post-earnings stock selloff, the company trades at about 27 times projected 2028 earnings and 6.2 times expected 2028 sales, with significant customer concentration as two customers accounted for 69% of Q3 revenue.

Bloom Energy's stock price on Pluang dropped 11.24% to USD 193.30 as of Oct 25, 2026 20:11 WIB, trading well below its 52-week high of USD 345.85 but still above the 52-week low of USD 76.97. Despite the recent selloff, all Pluang orders show 100% buying interest, indicating strong demand among investors. The stock's market cap stands at $57.13 billion, highlighting its significant size in the Industrials sector compared to its price volatility over the past year.

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