盘后大涨！Bloom Energy(BE.US)Q3同比扭亏为盈，营收与利润齐超预期

Core Insights - Bloom Energy reported Q3 FY2025 earnings with revenue exceeding market expectations, showing a year-over-year growth of 57.1% to $519 million, and a non-GAAP EPS of $0.15, surpassing analyst expectations of $0.10 [1] - The adjusted EBITDA was $59.05 million, exceeding the forecast of $46.02 million, and the operating profit margin improved to 1.5% from -2.9% year-over-year [1] - The company has achieved a five-year annualized revenue growth rate of 19.1%, indicating strong customer demand for its solid oxide fuel cell systems [1] Revenue and Growth Analysis - Bloom Energy's product and service segments accounted for 74% and 11.3% of total revenue, respectively, with product revenue growing at an annual rate of 18.5% and service revenue at 14.7% over the past two years [5] - The company’s recent performance positions it favorably among renewable energy firms, as many peers are experiencing sales declines due to adverse cyclical factors [3] Future Outlook - Analysts project a revenue growth of 12.6% over the next 12 months, aligning with the company's recent growth rates, indicating market optimism regarding its product and service success [7] - Despite achieving operational profitability in Q3, the company has struggled over a longer timeframe, with an average operating profit margin of -9% over the past five years, although it has improved by 17 percentage points recently due to sales growth [7] Earnings Performance - Bloom Energy's EPS has transitioned from negative to positive over the past five years, reflecting a positive turning point for the company [9] - The company experienced a remarkable 386% compound annual growth rate in EPS over the past two years, outpacing its 12.4% annual revenue growth rate, indicating improved profitability as the business expands [11] Margin and Efficiency - In Q3, Bloom Energy's operating profit margin reached 1.5%, an increase of 4.4 percentage points year-over-year, driven by a greater increase in gross margin compared to operating margin, suggesting improved cost efficiency [12]