NYSE$BE
Bloom Energy Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported record revenue driven by product and service revenue growth, and supported by an improvement in operating margin.
Bloom Energy reported a strong start to 2023 with record first quarter revenue of $275.2 million, a 36.9% increase compared to the first quarter of 2022. The company's gross margin increased to 19.7%, and non-GAAP gross margin reached 21.2%.
- Revenue of $275.2 million, up 36.9% year-over-year.
- Product and Service revenue of $234.4 million, up 38.9% year-over-year.
- Gross margin increased by 5.8 percentage points to 19.7%.
- Non-GAAP gross margin increased by 5.4 percentage points to 21.2%.
Headline financials
Revenue & EPS history
Bloom Energy · Revenue · Quarterly
$275M
Revenue by segment
Bloom Energy · $275M total across 4 segments · Q1 2023
- Product Revenue$194M+45.1%70.4%
- Service Revenue$40.7M+15.4%14.8%
- Installation Revenue$20.5M+51.4%7.5%
- Electricity Revenue$20.3M+8.3%7.4%
Forward guidance
Bloom reaffirms outlook for the full-year 2023:
Tailwinds
- Revenue: $1.4 - $1.5 billion
- Product & Service Revenue: $1.25 - $1.35 billion
- Non-GAAP Gross Margin: ~25%
- Non-GAAP Operating Margin: Positive
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-1.7%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+9.6%
Avg return
30 days after
47%
15 / 32 earnings
Positive
+40.1%
Q3 2019
Best reaction
-46.3%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +27.2% | +27.4% | +25.8% | |
| Q4 2025 | +4.7% | +13.9% | -1.0% | |
| Q3 2025 | +18.8% | +25.7% | -3.6% | |
| Q2 2025 | -1.8% | +3.9% | +41.6% | |
| Q1 2025 | -8.2% | -10.8% | +0.8% | |
| Q4 2024 | +4.3% | +4.7% | -11.8% | |
| Q3 2024 | +20.1% | +23.4% | +146.9% | |
| Q2 2024 | +16.1% | +19.8% | +0.5% | |
| Q1 2024 | -5.4% | +5.8% | +25.8% | |
| Q4 2023 | -15.6% | -23.8% | -20.9% | |
| Q3 2023 | +9.5% | +6.8% | +40.1% | |
| Q2 2023 | -5.3% | -6.0% | -9.6% | |
| Q1 2023 | -10.3% | -25.0% | -10.3% | |
| Q4 2022 | +0.7% | -2.8% | -15.8% | |
| Q3 2022 | +11.0% | +12.5% | +26.8% | |
| Q2 2022 | +16.5% | +21.1% | +2.4% | |
| Q1 2022 | -25.5% | -34.5% | -10.2% | |
| Q4 2021 | +5.3% | +24.3% | +42.5% | |
| Q3 2021 | +0.1% | +7.3% | -22.7% | |
| Q2 2021 | -0.4% | +7.8% | +2.1% | |
| Q1 2021 | -3.9% | -13.2% | +6.2% | |
| Q4 2020 | -4.2% | -3.3% | -29.3% | |
| Q3 2020 | -13.4% | -0.5% | +75.5% | |
| Q2 2020 | -20.7% | -25.0% | +1.2% | |
| Q1 2020 | +3.4% | -3.3% | +23.7% | |
| Q4 2019 | -33.3% | -33.3% | +7.0% | |
| Q3 2019 | +40.1% | +50.7% | +43.1% | |
| Q2 2019 | -46.3% | -40.2% | -42.9% | |
| Q1 2019 | -7.2% | -12.4% | -29.6% | |
| Q4 2018 | -5.6% | -6.5% | +32.7% | |
| Q3 2018 | -24.9% | -15.3% | -33.0% | |
| Q2 2018 | +0.8% | -1.0% | +2.7% | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
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