Bloom Energy reported Q3 revenue of $1.24 billion, up 138% year over year, with net income of $250.3 million and adjusted EPS of $0.94, beating estimates. The company raised its full-year guidance for the third time, but warned that capacity expansion costs would pressure 2027 gross margins. The CEO said the traditional grid cannot match AI expansion, and the company is leading the shift to distributed on-site power generation.