Tech & Software · Week of Nov 2, 2026
Buybacks, deals and AI infrastructure: the week in tech earnings
Eight companies reported quarterly results, with share buybacks, acquisitions and AI infrastructure demand recurring across the releases.
Every release this week was a quarterly earnings report, most covering the period ended September 30, 2026. Several companies paired results with capital moves. Hut 8 raised its repurchase authorization to $1.0 billion and VIAVI approved a new $500 million buyback. Waters said it acquired MOBILion Systems, ECARX said it completed its purchase of the Flyme software business, and Hut 8 agreed to acquire two energized West Texas sites.
AI infrastructure appeared in several reports. Hut 8 says a second 352 MW lease at Beacon Point brings expected base-term contract value across its AI data center portfolio to about $26.6 billion. Kyndryl says its hyperscaler-related revenues grew 27.2%, and ECARX signed a non-binding memorandum with Arm to co-develop AI compute platforms. Costs weighed on some results. ECARX attributes a fall in gross margin to 7.0% mainly to rising memory costs, and Kyndryl took $38 million in workforce rebalancing charges.
Waters Corporation
Waters Corporation (NYSE: WAT) Reports Third Quarter 2026 Financial Results
Waters reported third quarter 2026 revenue of $1.767 billion and adjusted EPS of $4.10, raised full-year guidance to $6.479 billion to $6.497 billion in total reported revenue, and announced the acquisition of MOBILion Systems, a developer of SLIM ion mobility separation technology. GAAP diluted EPS fell to $0.82 from $2.50, which the company attributes to acquisition-related purchase accounting charges, acquisition-related costs and restructuring costs.
Wayfair Inc.
Wayfair Announces Third Quarter 2026 Results, Reports Double Digit U.S. Revenue Growth
Wayfair reported third-quarter total net revenue of $3.4 billion, up 9.7%, and net income of $62 million, compared with a net loss of $99 million a year earlier. The company says U.S. revenue rose 11.4% against a roughly flat category, while international net revenue fell 2.3% to $380 million and the International segment posted negative Adjusted EBITDA of $25 million.
Hut 8 Corp.
Hut 8 Reports Third Quarter 2026 Results
Hut 8 reported third-quarter revenue of $71.1 million and net income of $189.5 million, including $413.8 million of primarily unrealized gains on digital assets. It also signed a second 352 MW IT lease at Beacon Point, which it says represents about $9.8 billion in expected base-term contract value, closed a $1.07 billion revolving credit facility and raised its repurchase authorization to $1.0 billion.
Kyndryl
KYNDRYL REPORTS SECOND QUARTER FISCAL 2027 RESULTS
Kyndryl reported fiscal second-quarter revenues of $3.7 billion, down 1.9% as reported, and net income of $59 million, with signings of $4.1 billion and hyperscaler-related revenues of more than $550 million. The company reaffirmed its fiscal 2027 outlook and says its workforce actions are expected to produce annualized run-rate savings of about $400 to $500 million in fiscal 2028.
Zillow Group, Inc.
Zillow Group Reports Third-Quarter 2026 Financial Results
Zillow Group reported third-quarter revenue of $724 million, up 7%, and a net loss of $158 million that included a $165 million Zillow Offers securities class action settlement. Rentals revenue rose 26% and Mortgages revenue rose 32%, while Residential revenue fell 4%, which the company attributes to higher-than-expected mortgage rates.
VIAVI Financials
VIAVI Announces First Quarter Fiscal 2027 Results
VIAVI reported preliminary fiscal first-quarter net revenue of $469.3 million, up 56.9%, and GAAP net income of $76.0 million, compared with a net loss of $21.4 million a year earlier. Its board authorized a new $500 million share repurchase program, and the company guided second-quarter net revenue of $505 million to $515 million.
ECARX Holdings Inc.
ECARX Announces Third Quarter 2026 Unaudited Financial Results
ECARX reported third-quarter revenue of US$240.8 million, up 10%, and a wider net loss of US$48.6 million, with gross margin falling to 7.0% from 21.9%, which it attributes mainly to rising memory costs. Cash fell to US$53.7 million after a US$191.5 million payment for the Flyme software business, and the company reiterated full-year revenue guidance of US$1.0-US$1.1 billion.
Chunghwa Telecom Co., Ltd.
Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Third Quarter of 2026
Chunghwa Telecom reported third-quarter revenue up 16.7% to NT$ 67.59 billion and net income attributable to stockholders of the parent up 29.5% to NT$ 12.22 billion. The company says results exceeded the high end of its guidance, helped by a one-off gain from asset revitalization, with enterprise ICT revenue up 19% and IPLC revenue up 33%.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not DevPro Media reporting.