Bloom Energy Q2 rev $335.8M (+11.5% YoY); operating loss narrows to $23.1M

Bloom Energy Corp

2024-Q2 EPS reported -$0.53 revenue$571,065,000

Revenue of $335.8M, up 11.5% YoY; gross margin 20.4% (non-GAAP 21.8%), up 1.7 ppts.
GAAP net loss $61.8M ($0.27 EPS); non-GAAP operating loss $3.2M, improvement of $22.7M YoY.
Reaffirmed 2024 financial guidance; issued 3% convertible green notes to strengthen balance sheet.
Agreement with CoreWeave to power AI data center in Illinois; Silicon Valley Power approval for AWS data center.

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