BE earnings — 2026-07-28

Reported Q2 2026 after the close: record revenue of $1.065B, +165.5% year over year — against a $827M consensus — with non-GAAP EPS of $0.78 (adjusted measure; filed GAAP pending the 10-Q). Full-year 2026 guidance raised to $3.9–4.2B revenue (+100% at the midpoint, from $3.6B prior), with ~34% non-GAAP gross margin and $2.55–2.85 adjusted EPS guided. Coverage attributed the growth primarily to product sales to data-center customers — the AI power demand story.

The tape around the print was whiplash-shaped: −11.34% on the day of the report (before the evening release), roughly flat the first close after, then +26.5% on July 30 as the market digested the beat-and-raise inside the broader AI-unwind reversal.

Sources: company press release (Business Wire, 2026-07-28); 24/7 Wall St; Investing.com earnings-call coverage.

Reported figures from the press release — filed actuals pending the 10-Q; the earnings-backfill reconciles when the filing lands. (Filled 2026-08-03 by the P1-4 audit sweep: the desk's prose had cited "beat-and-raise driven by AI power demand" with no corpus source — the claim was true, but the capture was missing until now.)