Bloom Energy Corporation · NYSE:BE

Bloom Energy — Q3 2026 Earnings Presentation

19 slides from Bloom Energy's earnings presentation, Oct 22, 2026

  1. Slide 1: Q3'26 Earnings

    Gt ae Q3’26 Earnings| October 22, 2026

  2. Slide 2: Forward-looking Statements and Non-GAAP Financial Measures

    2Bloom Energy Proprietary & Confidential Forward-looking Statements and Non-GAAP Financial Measures This presentation may contain certain forward-looking statements relating to future events and expectations, including estimates and projections for our business outlook for the 2026 fiscal year, each

  3. Slide 3: Bloom's Mission

    3Bloom Energy Proprietary & Confidential To Make Clean, Reliable Energy Affordable for Everyone in the World. Bloom’s Mission

  4. Slide 4: Financial Performance

    4Bloom Energy Proprietary & Confidential Financial Performance Note: Dollars in millions, except per share figures and YoY information 1. Please reference appendix for GAAP to Non-GAAP reconciliations YoYQ3’25Q3’26$ in millions 138%$519.0 $1,235.8Revenue 4.1 pts30.4%34.5%Non-GAAP Gross Margin1 ~↑ 6x

  5. Slide 5: Raising 2026 Financial Guidance

    5Bloom Energy Proprietary & Confidential Raising 2026 Financial Guidance YoY2026 GuidanceMetric 122%1$4.4B - $4.6BRevenue ~374 bps~34%Non-GAAP Gross Margin2 ~↑ 4.5x1$960M - $1,030MNon-GAAP Operating Income2 ~↑ 4.3x1$3.10 - $3.40Non-GAAP EPS2 1. YoY change based on midpoint of range. EPS is fully dil

  6. Slide 6: 2026 Guidance: Growing Revenue and Expanding Margins

    6Bloom Energy Proprietary & Confidential 2026 Guidance: Revenue Growth >120% 1, Gross Margin % +~374 bps Growing Revenue and Expanding Margins Revenue ($ in billions) 2021 22 23 24 25 2026E Non-GAAP Gross Margin2 24 2021 2026E 22 23 25 $1.0 $1.2 $1.3 $1.5 $2.0 $4.4B - $4.6B 22% 23% 26% 29% 30% 34% 1

  7. Slide 7: Demonstrating Operating Leverage

    7Bloom Energy Proprietary & Confidential $(38) $(33) $19 $108 $221 $960- $1,030 Demonstrating Operating Leverage Non-GAAP Operating Expenses as % of Revenue1 2021 22 23 24 25 2026E Non-GAAP Operating Income1 24 2021 2026E 22 23 25 26% 26% 24% 21% 19% 12% 1. Please reference appendix for GAAP to Non-

  8. Slide 8: Appendix

    Bloom Appendix Q3 2026

  9. Slide 9: Gross Profit and Margin

    9Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Gross Profit and Margin Q3’25Q3’26$ in millions $519.0$1,235.8GAAP revenue 367.4818.7GAAP cost of sales $151.7$417.1GAAP gross profit Non-GAAP adjustments: 5.79.0Stock-based compensation expense 0.0-Restructuring 0.20.1Other $

  10. Slide 10: Operating Income and Margin

    10Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Operating Income and Margin Q3’25Q3’26$ in millions $7.8$225.4GAAP operating income Non-GAAP adjustments: 38.260.1Stock-based compensation expense 0.00.0Restructuring 0.20.1Other $46.2$285.7Non-GAAP operating income 1.5%18.2%

  11. Slide 11: Gross Profit and Margin

    11Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Gross Profit and Margin 20212022202320242025$ in millions $972.2$1,199.1$1,333.5$1,473.9$2,024.0GAAP revenue 774.61,050.81,135.71,069.21,436.6GAAP cost of sales $197.6$148.3$197.8$404.6$587.4GAAP gross profit Non-GAAP adjustm

  12. Slide 12: Non-GAAP Operating Expenses as % of Revenue

    12Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Non-GAAP Operating Expenses as % of Revenue 20212022202320242025$ in millions $312.1$409.3$406.7$381.7$514.6GAAP operating expenses Non-GAAP adjustments: 62.395.069.666.4120.9Stock-based compensation expense --5.7(0.0)2.1Rest

  13. Slide 13: Operating Income (Loss) and Margin

    13Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Operating Income (Loss) and Margin 20212022202320242025$ in millions ($114.5)($261.0)($208.9)$22.9$72.8GAAP operating income (loss) Non-GAAP adjustments: 76.1114.087.183.0145.0Stock-based compensation expense --9.2(0.4)2.4Res

  14. Slide 14: Net Income (Loss) and EPS

    14Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Net Income (Loss) and EPS Dilutive earnings per share1 Q3’25Dilutive earnings per shareQ3’26$ in millions, except per share ($0.10)($23.1)$0.78$250.3GAAP net income (loss) to common stockholders Non-GAAP adjustments: 0.000.1(

  15. Slide 15: Adjusted EBITDA

    15Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Adjusted EBITDA Q3’25Q3’26 $ in millions ($23.1)$250.3GAAP net income (loss) to common stockholders Non-GAAP adjustments: 0.1(1.3)Add back: (Loss) Income for non-controlling interests 38.260.1Stock-based compensation expense

  16. Slide 16: Adjusted EBITDA

    16Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Adjusted EBITDA 2021202220232024 2025$ in millions ($164.4)($301.4)($302.1)($29.2)($88.4)GAAP net loss to common stockholders Non-GAAP adjustments: (28.9)(13.7)(5.8)2.01.3Add back: Income (loss) for non-controlling interests

  17. Slide 17: Diluted Earnings (Loss) Per Share

    17Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Diluted Earnings (Loss) Per Share Q3’251Q3’26$ and count in millions, except per share Numerator for basic earnings per share: ($23.1)$250.3GAAP Net income (loss) attributable to common stockholders $35.5$302.8Non-GAAP Net in

  18. Slide 18: Gross Profit (Loss) and Margin

    18Bloom Energy Proprietary & Confidential GAAP to Non-GAAP Reconciliation: Gross Profit (Loss) and Margin 1. Please reference section “GAAP to Non-GAAP reconciliation: Gross profit and margin” of the appendix for detailed GAAP to Non-GAAP reconciliations Q3’25Q3’26 Non-GAAP gross margin GAAP gross m

  19. Slide 19: Thank You

    Bloom Thank Yot

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