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Jun 30, 2023
Bloom Energy Q2 2023 Earnings Report
Reported record revenue driven by growth in Product and Service revenue, and gross margin increased.
Key Takeaways
Bloom Energy reported record revenue of $301.1 million for the second quarter of 2023, a 24% increase compared to the second quarter of 2022. The company's gross margin also improved significantly, reaching 18.7%.
Revenue reached $301.1 million, up 23.8% year-over-year.
Product and Service revenue increased to $257.0 million, a 21.2% increase year-over-year.
Gross margin was 18.7%, a 19.5 percentage point increase compared to the previous year.
Operating loss improved by $47.7 million compared to the second quarter of 2022.
Bloom Energy
Bloom Energy
Bloom Energy Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comInstallation Revenue
CapyFin.comService Revenue
CapyFin.comElectricity Revenue
CapyFin.com Forward Guidance
Bloom reaffirms outlook for the full-year 2023:
Positive Outlook
- Revenue: $1.4 - $1.5 billion
- Product & Service Revenue: $1.25 - $1.35 billion
- Non-GAAP Gross Margin: ~25%
- Non-GAAP Operating Margin: Positive
Revenue & Expenses
Visualization of income flow from segment revenue to net income