The earnings call for Bloom Energy highlighted a mix of strong commercial growth in the U.S. market and significant achievements like the South Korean project. However, the company faced challenges with a notable quarterly revenue decline and cash flow issues. Overall, while positive momentum is observed in strategic partnerships and operational efficiency, the financial metrics indicate areas needing attention.

Company Guidance

During Bloom Energy's Q3 2024 earnings call, the company provided robust guidance metrics, reiterating their full-year outlook with expected revenue between $1.4 billion to $1.6 billion, a non-GAAP gross margin of approximately 28%, and non-GAAP operating income of $75 million to $100 million. The company emphasized the successful execution of large projects, including an 80-megawatt fuel cell project in South Korea and a 20-megawatt installation in Los Angeles. Despite a decrease in Q3 revenue to $330.4 million, Bloom maintains confidence in achieving their annual goals, supported by strong U.S. commercial and industrial demand and a strategic focus on expanding manufacturing capacity to meet anticipated growth. The CEO, K.R. Sridhar, highlighted Bloom's commitment to cost reduction, projecting double-digit cost declines for the year, and underscored the potential of the AI and data center market to drive future growth.

Uptick in U.S. Commercial and Industrial Business

Bloom Energy has seen significant growth in the U.S. commercial and industrial market, with strong demand across sectors and regions, contributing to the company's positive outlook for 2025.

Landmark Project in South Korea

Bloom Energy announced a landmark 80-megawatt fuel cell project in South Korea, marking the world's largest single-site fuel cell installation in history. This partnership with SK Eternix and Korea Development Bank showcases the scalability of their technology.

Cost Reduction Achievements

The company remains on track to achieve double-digit cost reductions for the year, a continuation of their trend in previous years, through operational efficiencies and manufacturing optimizations.

Service Business Profitability

For the first time in Bloom's history, the service business is expected to be profitable for the full year 2024, indicating improved operational efficiency.

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Bloom Energy (BE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 06, 2025	2024 (Q4)	0.29 / -	0.07	―	―	―
Nov 07, 2024	2024 (Q3)	0.08 / -0.01	0.15	-106.67% (-0.16)
Aug 08, 2024	2024 (Q2)	-0.05 / -0.06	-0.17	64.71% (+0.11)
May 09, 2024	2024 (Q1)	-0.11 / -0.17	-0.22	22.73% (+0.05)
Feb 15, 2024	2023 (Q4)	0.09 / 0.07	0.27	-74.07% (-0.20)
Nov 08, 2023	2023 (Q3)	-0.03 / 0.15	-0.2	175.00% (+0.35)
Aug 03, 2023	2023 (Q2)	-0.15 / -0.17	-0.2	15.00% (+0.03)
May 09, 2023	2023 (Q1)	-0.23 / -0.22	-0.32	31.25% (+0.10)
Feb 09, 2023	2022 (Q4)	0.09 / 0.27	-0.05	640.00% (+0.32)
Nov 03, 2022	2022 (Q3)	-0.09 / -0.20	-0.2	0.00% (0.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$10.67	$13.17	+23.43%
Aug 08, 2024	$10.54	$11.49	+9.01%
May 09, 2024	$11.74	$11.16	-4.94%
Feb 15, 2024	$11.97	$9.88	-17.46%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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