BE · 10-Q · 2026Q1 · Full report

Commodity price volatility impact

Bloom Energy Corp · 2026-04-29 · Importance 32 · Surprise 24

Commodity input pricing — including steel alloys, specialty metals, electronic components, natural gas‑linked inputs, and rare earth‑dependent materials — remained a material factor affecting cost structure in Q1 2026. Supplier pricing that reflects moves in commodity indices may not be recoverable through customer pricing due to contracts or competitive dynamics, creating potential margin pressure. Bloom is using supplier diversification, long-term sourcing agreements, inventory planning and selective pass-throughs to mitigate the risk. Management warns that sustained or rapid commodity price increases could adversely affect results of operations.

Key facts

• Certain raw materials and components including steel alloys, specialty metals, electronic components, natural gas-linked inputs and rare earth-dependent materials experienced price fluctuations during Q1 2026