Bloom Energy Corp (BE) shares surged 5.09% during the intraday session on Wednesday, extending a rally driven by the company's blockbuster second-quarter results that shattered Wall Street expectations and prompted a significant boost to its full-year outlook.

The fuel-cell technology company reported Q2 revenue of $1.07 billion, a 166% year-over-year increase and the first time quarterly revenue crossed the $1 billion mark, comfortably beating the consensus estimate of $822.77 million. Adjusted earnings per share came in at $0.78, nearly doubling the analyst forecast of $0.41. The robust performance was fueled by a 215% surge in product revenue as accelerating demand from major U.S. hyperscalers and AI-focused data center operators validated Bloom’s power solutions.

Management also raised its full-year 2026 revenue guidance to a range of $3.9 billion to $4.2 billion, up from the prior $3.4 billion to $3.8 billion, and lifted its adjusted EPS outlook to $2.55 to $2.85. CEO KR Sridhar emphasized that all major U.S. hyperscalers and over a dozen neoclouds, AI labs, and colocation operators have approved Bloom’s systems for their AI factories, positioning the company as a key beneficiary of the AI infrastructure buildout.