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Bloom Energy (BE)
NYSE:BE
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.17Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -1.82%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
Bloom Energy had a highly successful year with record revenue and profits, positive cash flow, and growth in key segments like data centers. While there are challenges related to utility partnerships and potential tariff impacts, the company's strong performance and positive outlook for 2025 indicate a robust position in the market.Company Guidance
In the Bloom Energy Q4 2024 earnings call, KR Sridhar and Dan Berenbaum highlighted the company's strong performance and guidance for 2025. Bloom Energy achieved record revenue of $1.47 billion in 2024, a 10.5% increase from 2023. The company also attained a non-GAAP gross margin of 28.7% and non-GAAP operating profit of $108 million, marking significant improvements over the previous year. In 2024, Bloom turned free cash flow positive for the first time since 2019, with $92 million in cash flow from operations, driven by double-digit product cost reductions and enhanced service profitability. For 2025, Bloom projects revenue between $1.65 billion to $1.85 billion, with a non-GAAP gross margin of approximately 29% and non-GAAP operating income of around $150 million. The company's $2.5 billion product backlog and $9 billion service backlog reflect strong demand across commercial and industrial markets, bolstered by a strategic emphasis on AI-driven data centers. Bloom's Safe Harbor provision facilitates access to investment tax credits, potentially generating $12 billion to $15 billion in gross product revenue by 2028.Record Revenue and Profits in 2024
Bloom Energy achieved record revenue and profits for both the fourth quarter and the year 2024, with a quarterly revenue record of $572 million, up 60% from Q4 2023.
Positive Cash Flow and Operating Income
Bloom Energy turned free cash flow positive for the full year for the first time since 2019, with $92 million in cash flow from operations and non-GAAP operating profit of $108 million, up $88 million from the previous year.
Service Business Profitability
The service business achieved positive non-GAAP gross margin in all four quarters of 2024, resulting in a $4 million full year non-GAAP gross profit compared to a $33 million loss in 2023.
Double-Digit Product Cost Reductions
Bloom Energy delivered another year of double-digit product cost reductions, maintaining its tradition of achieving cost efficiencies.
Strong Growth in Data Center Segment
Bloom's sales funnel in the data center segment, driven by AI applications, is strong, diverse, and robust, with data centers expected to be a major growth engine.
Positive Outlook for 2025
Bloom Energy expects revenue growth in 2025, with guidance set at $1.65 billion to $1.85 billion and continued positive cash flow from operations.
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BE Earnings History
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 |
|---|---|---|---|
| Feb 27, 2025 | $23.04 | $24.02 | +4.25% |
| 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% |
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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FAQ
When does Bloom Energy (BE) report earnings?
Bloom Energy (BE) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Bloom Energy (BE) earnings time?
Bloom Energy (BE) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BE EPS forecast?
BE EPS forecast for the fiscal quarter 2025 (Q1) is -0.06.
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