BE · 10-Q · 2026Q1 · Full report

Commodity Pricing Volatility

Bloom Energy Corp · 2026-04-29 · Importance 64 · Surprise 56

The Company reports commodity input pricing volatility in Q1 2026 across steel alloys, specialty metals, electronic components, natural gas‑linked inputs, and rare earth‑dependent materials, noting supplier pricing may reflect changes in commodity indices. Cost of product revenue rose $289.7 million year-over-year for the quarter, and management warns increases in commodity prices may not be immediately recoverable under existing contracts, creating margin pressure. Bloom states it uses supplier diversification, long‑term sourcing agreements, inventory planning and selective pass‑through contractual mechanisms to mitigate these risks. Management cautions that sustained or rapid commodity price increases could adversely affect results of operations.