BE — -5% after hours as record revenue and raised guide still get sold

Bloom Energy delivered record Q3 revenue of $1.235 billion, up 138.1% year over year on a 179.4% surge in product revenue, with gross margin expanding 453 basis points to 33.8%. The company raised full-year 2026 revenue guidance to $4.4-4.6 billion (~122% y/y growth at the midpoint) and was added to the S&P 500 during the quarter. Despite topping estimates, shares fell ~5% after hours Thursday as investors sold the AI-power trade.