BE · 10-Q · 2026Q1 · Full report

Freight, Logistics and Transportation Costs

Bloom Energy Corp · 2026-04-29 · Importance 26 · Surprise 24

Global freight and logistics markets remained volatile in Q1 2026, with continued pressure on ocean, ground and specialized heavy‑equipment transportation rates driven by higher fuel prices, labor costs and routing inefficiencies from geopolitical conditions. Bloom notes the size, weight and modular configuration of its Energy Server systems mean changes in freight pricing can meaningfully affect cost of revenues and project-level margins, particularly for large multi‑megawatt deployments and international shipments. The Company pursues mitigation strategies including indexed freight arrangements, optimizing factory‑to‑site routing, consolidating shipments and increasing regional sourcing. Management warns these actions may not fully offset future freight rate increases, particularly during periods of elevated demand or fuel-price volatility.