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Jun 30, 2024
Bloom Energy Q2 2024 Earnings Report
Reported record revenue and non-GAAP profitability for the second quarter and strengthened balance sheet through the issuance of 3% convertible green notes.
Key Takeaways
Bloom Energy reported revenue of $335.8 million for the second quarter of 2024, an 11.5% increase year-over-year. The company reaffirmed its 2024 financial guidance, expecting revenue between $1.4 and $1.6 billion and a non-GAAP gross margin of approximately 28%.
Revenue of $335.8 million in the second quarter of 2024, an increase of 11.5% year-over-year.
Gross margin of 20.4% in the second quarter of 2024, an increase of 1.7 percentage points year-over-year; Non-GAAP gross margin of 21.8% in the second quarter of 2024, an increase of 1.4 percentage points year-over-year.
Operating loss of $23.1 million in the second quarter of 2024, an improvement of $31.3 million year-over-year; Non-GAAP operating loss of $3.2 million in the second quarter of 2024, an improvement of $22.7 million year-over-year.
Strengthened our balance sheet through the issuance of 3% convertible green notes.
Revenue by Segment
Forward Guidance
Bloom reaffirms outlook for the full-year 2024:
Positive Outlook
- Revenue: $1.4 - $1.6B
- Non-GAAP Gross Margin: ~28%
- Non-GAAP Operating Income: $75 - $100M
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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