NYSE$BE
Bloom Energy Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Bloom Energy's financial performance decreased year-over-year but showed improvements in gross and operating margins compared to the previous year. The company reaffirmed its 2024 financial guidance and announced a major fuel cell installation project.
Bloom Energy reported a revenue of $330.4 million for Q3 2024, a 17.5% decrease year-over-year. Despite the revenue decline, the company improved its gross margin to 23.8% and operating loss to $9.7 million. Bloom Energy reaffirmed its full-year 2024 financial guidance and announced what is expected to be the world’s largest single site fuel cell installation.
- Revenue for Q3 2024 was $330.4 million, a 17.5% decrease year-over-year.
- Gross margin increased to 23.8%, a 25.1 percentage points increase year-over-year.
- Operating loss improved to $9.7 million, a $94.1 million improvement year-over-year.
- Announced partnership with SK Eternix for the world’s largest fuel cell power system, expected to be operational in 2025.
Headline financials
Revenue & EPS history
Bloom Energy · Revenue · Quarterly
$330M
Revenue by segment
Bloom Energy · $400M total across 4 segments · Q3 2023
- Product Revenue$305M+43.0%76.2%
- Service Revenue$47.5M+27.3%11.9%
- Electricity Revenue$25.8M+36.0%6.5%
- Installation Revenue$21.9M-3.4%5.5%
Forward guidance
Bloom Energy reaffirms outlook for the full-year 2024:
Tailwinds
- Revenue: $1.4 - $1.6B
- Non-GAAP Gross Margin: ~28%
- Non-GAAP Operating Income: $75 - $100M
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 Q3 2024
-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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