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Investing.com -- Bloom Energy Corp . (NYSE:BE) reported second quarter earnings that surpassed analyst expectations, but shares fell 3.3% as investors focused on the company’s unchanged full-year guidance despite the strong quarterly performance.
The energy technology company posted adjusted earnings per share of $0.10 for the second quarter, significantly beating analyst estimates of $0.01. Revenue came in at $401.2 million, exceeding the consensus estimate of $376.24 million and representing a 19.5% increase compared to $335.8 million in the same quarter last year.
Despite the strong quarterly results, Bloom Energy maintained its previous full-year 2025 revenue guidance of $1.65-1.85 billion, which at the midpoint of $1.75 billion is slightly above the analyst consensus of $1.74 billion. The company also reiterated its non-GAAP gross margin target of approximately 29% and non-GAAP operating income of $135-165 million.
"As onsite power becomes increasingly self-evident, given rapid AI growth, there has never been better market pull for the Bloom products," said KR Sridhar, Founder, Chairman, and CEO of Bloom Energy. "Unlike alternatives, our products are purpose-built for the digital revolution."
The company highlighted its recent collaboration with Oracle (NYSE:ORCL) to power AI data centers, announced on July 24th. Bloom Energy also reported its sixth consecutive quarter of non-GAAP services profitability.
Gross margin improved significantly to 26.7% in the second quarter, up 6.3 percentage points from 20.4% in the second quarter of 2024. Non-GAAP gross margin rose to 28.2%, an increase of 6.5 percentage points YoY.
Operating loss narrowed to $3.5 million, compared to a loss of $23.1 million in the same period last year. On a non-GAAP basis, the company reported operating income of $28.6 million, a substantial improvement from a non-GAAP operating loss of $3.2 million in the second quarter of 2024.
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