Investing.com -- Bloom Energy Corp (NYSE: BE) reported third-quarter revenue of $519 million, significantly exceeding analyst expectations of $428 million and marking a 57.1% increase compared to $330.4 million in the same period last year. The clean energy company also posted adjusted earnings per share of $0.15, beating the analyst consensus of $0.10.

Shares of Bloom Energy jumped 4% in after-hours trading Tuesday following the impressive quarterly results, which represented the company’s fourth consecutive quarter of record revenue. The stock has since pared gains to 0.5%.

The company reported non-GAAP operating income of $46.2 million for the quarter, a substantial improvement from $8.1 million in the third quarter of 2024. Gross margin improved to 29.2%, up 5.4 percentage points YoY, while non-GAAP gross margin reached 30.4%, an increase of 5.1 percentage points.

"Bloom is at the center of a once-in-a-generation opportunity to redefine how power is generated and delivered," said KR Sridhar, Founder, Chairman, and CEO of Bloom Energy. "Powerful tailwinds—surging demand for electricity driven by AI, nation-state priorities, and our relentless pace of innovation—are converging to accelerate our audacious journey to becoming a standard for onsite power globally."

The company highlighted its $5 billion strategic AI infrastructure partnership with Brookfield Asset Management as a key development during the quarter. Bloom also achieved its second consecutive quarter of double-digit non-GAAP profit margin percentage in its services segment.

Maciej Kurzymski, Chief Accounting Officer and Acting Principal Financial Officer, noted, "I want to thank the Bloom team for delivering its fourth consecutive quarter of record revenue and positive Cash Flow from Operating Activities."