Bloom Energy (BE) Gross Margin (2017 - 2026)
Bloom Energy's (BE) quarterly Gross Margin came in at 33.38% in Q2 2026, up 668.0% on a YoY basis from 4.35% in Q2 2025, and up 11.14% quarter-over-quarter from 30.03% in Q1 2026.
Analysis
Bloom Energy (BE) Gross Margin (2017 - 2026) Analysis & Trends
Bloom Energy (BE) has reported Gross Margin for 10 consecutive years, with 33.38% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 668.0% year-over-year to 33.38%; the trailing twelve-month figure through Jun 2026 stood at 31.24% (up 95.0% YoY), and the FY2025 full-year result was 29.02%, up 157.0% from the prior year.
- Gross Margin rose to 33.38% in Q2 2026 per BE's latest filing, from 30.03% in the prior quarter.
- Across five years, Gross Margin topped out at 38.32% in Q4 2024 and bottomed at 1.3% in Q3 2023.
- Historically, Gross Margin has averaged 21.39% across 5 years, with a median of 22.12% in 2024.
- The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 1873 bps in 2023, then surged 2513 bps in 2024.
- Over 5 years, Gross Margin stood at 15.43% in 2022, then surged by 68 bps to 25.89% in 2023, then surged by 48 bps to 38.32% in 2024, then fell by 19 bps to 30.85% in 2025, then rose by 8 bps to 33.38% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 33.38%, 30.03%, and 30.85% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bloom Energy | 74.04 Bn | 71.37 Bn | 355.57 Mn | 33.38% |
| 2 | Fuelcell Energy | 33.44 Bn | 32.78 Bn | -24.50 Mn | -74.25% |
| 3 | Ballard Power Systems | 667.85 Mn | 162.70 Mn | 4.08 Mn | 19.81% |
| 4 | Sunhydrogen | 89.43 Mn | 89.43 Mn | -45,724.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.38% |
| Mar 31, 2026 | 30.03% |
| Dec 31, 2025 | 30.85% |
| Sep 30, 2025 | 29.22% |
| Jun 30, 2025 | 26.70% |
| Mar 31, 2025 | 27.21% |
| Dec 31, 2024 | 38.32% |
| Sep 30, 2024 | 23.83% |
| Jun 30, 2024 | 20.41% |
| Mar 31, 2024 | 16.18% |
| Dec 31, 2023 | 25.89% |
| Sep 30, 2023 | -1.30% |
| Jun 30, 2023 | 18.72% |
| Mar 31, 2023 | 19.72% |
| Dec 31, 2022 | 15.43% |
| Sep 30, 2022 | 17.43% |
| Jun 30, 2022 | -0.81% |
| Mar 31, 2022 | 13.90% |
| Dec 31, 2021 | 20.06% |
| Sep 30, 2021 | 17.80% |