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Jun 30
Bloom Energy Q2 2025 Earnings Report
Bloom Energy reported its financial results for the second quarter ended June 30, 2025, achieving record revenue and profits for the third consecutive quarter and marking the sixth straight quarter of services profitability.
Key Takeaways
Bloom Energy delivered a strong second quarter in 2025, achieving record revenue and profits for the third consecutive quarter. Revenue increased by 19.5% year-over-year to $401.2 million, driven by significant growth in product and service revenue. The company also saw substantial improvements in both GAAP and non-GAAP gross and operating margins, moving closer to profitability with a non-GAAP operating income of $28.6 million.
Achieved record quarterly revenue of $401.2 million, marking the third consecutive quarter of record revenue and profits.
Product and service revenue increased by 25.9% year-over-year to $351.1 million.
Reported a non-GAAP operating income of $28.6 million, a significant improvement from a non-GAAP operating loss in the prior year period.
Announced a collaboration with Oracle to power AI data centers, highlighting strong market pull for Bloom's products in the rapidly growing AI sector.
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 Energy reaffirmed its full-year 2025 outlook, expecting revenue between $1.65 billion and $1.85 billion, a non-GAAP gross margin of approximately 29%, and non-GAAP operating income between $135 million and $165 million. The company also plans to double its factory capacity from 1GW to 2GW by the end of 2026.
Positive Outlook
- Reaffirmed strong full-year 2025 revenue guidance of $1.65B - $1.85B.
- Maintained non-GAAP Gross Margin guidance of ~29% for 2025.
- Projected non-GAAP Operating Income of $135M - $165M for 2025.
- Plans to double factory capacity from 1GW to 2GW by the end of 2026 to meet growing demand.
- Strong market pull for products, especially with rapid AI growth and collaboration with Oracle.
Challenges Ahead
- No specific negative forward guidance was provided in the report, as the outlook was reaffirmed positively.
- The company did not provide GAAP guidance for gross margin and operating income due to the uncertainty and variability of reconciling items.
- Potential for material changes to reconciling items could significantly affect future GAAP results.
- The forward-looking statements are subject to various risks and uncertainties detailed in SEC filings.
- Reliance on a limited number of customers and lengthy sales and installation cycles could pose challenges.
Revenue & Expenses
Visualization of income flow from segment revenue to net income