Bloom Energy has significantly raised its fiscal 2026 outlook following a strong second quarter, reporting a substantial increase in both profit and sales.

The company, a provider of fuel-cell technology, posted a profit of $196.3 million, or 62 cents a share, a dramatic improvement from a loss of $42.6 million a year prior. On an adjusted basis, earnings reached 78 cents a share, exceeding analyst expectations of 41 cents.

Bloom Energy's revenue more than doubled, climbing to $1.07 billion from $401.2 million in the same period last year. This surge in sales was primarily fueled by a rise in product revenue, which reached $935.4 million. The company's performance surpassed analyst expectations, who had projected revenue of $826.1 million.