Tech & Software · Week of Nov 2, 2026
Buybacks and mixed growth mark Q3 2026 tech earnings week
Third-quarter 2026 earnings dominated the week, with several companies expanding buybacks or dividends while some flagged cost and margin pressures.
Third-quarter 2026 results made up the entire week, nearly all reported on Nov. 4. Capital returns were a recurring theme: CLEAR added $175.0 million to its share repurchase authorization and declared a $0.15 dividend, EPAM replaced its buyback program with one of up to $1.8 billion and plans a $500 million accelerated repurchase, and Blue Owl Technology Finance Corp. repurchased $55 million of stock and declared a $0.35 base dividend.
Growth was uneven. Applied Optoelectronics more than doubled revenue year over year and returned to GAAP profitability, and Kyndryl says hyperscaler-related revenues grew 27.2%, while Kyndryl's total revenue slipped 1.9%. Wayfair returned to net income on U.S. growth. Zillow Group, ECARX and Applied Optoelectronics cited outside pressures, respectively mortgage rates, memory costs and capacity expansion delays.
Wayfair Inc.
Wayfair Announces Third Quarter 2026 Results, Reports Double Digit U.S. Revenue Growth
Wayfair reported third-quarter 2026 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 grew 11.4% against a roughly flat category, while international net revenue fell 2.3% to $380 million.
CLEAR
CLEAR Announces Third Quarter 2026 Financial Results
Clear Secure reported third-quarter 2026 revenue of $292.9 million, up 27.8%, and net income of $75.3 million, and raised its full-year Free Cash Flow guidance. Quarterly Free Cash Flow was $(103.8) million, which the company says reflects an approximately $315 million settlement of accrued partnership liabilities. It reports 46.7 million total CLEAR Members and 63 CLEAR+ airports.
Kyndryl
KYNDRYL REPORTS SECOND QUARTER FISCAL 2027 RESULTS
Kyndryl reported fiscal second-quarter 2027 revenues of $3.7 billion, down 1.9%, and net income of $59 million, and reaffirmed its fiscal 2027 outlook. The company says $38 million of workforce rebalancing charges are expected to yield annualized run-rate savings of approximately $400 to $500 million in fiscal 2028.
Zillow Group, Inc.
Zillow Group Reports Third-Quarter 2026 Financial Results
Zillow Group reported third-quarter 2026 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 the company attributes a 4% drop in Residential revenue to higher-than-expected mortgage rates.
Blue Owl Technology Finance Corp.
Blue Owl Technology Finance Corp. Announces September 30, 2026 Financial Results
Blue Owl Technology Finance Corp. reported third-quarter GAAP net investment income of $0.29 per share and net asset value per share of $16.62, and declared a fourth-quarter base dividend of $0.35. Investments on non-accrual rose to 1.8% at cost and 1.1% at fair value, from 0.6% and 0.1% as of June 30, 2026.
EPAM Systems, Inc.
EPAM Reports Results for Third Quarter 2026
EPAM Systems reported third-quarter 2026 revenues of $1.426 billion, up 2.3%, and GAAP diluted EPS of $2.53, and now expects full-year revenue growth of 3.5% to 3.7%. The company set a repurchase program of up to $1.8 billion through December 31, 2029, and says it will return at least 50% of free cash flow annually from 2027 through 2029.
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 widened net loss of US$48.6 million. The company attributes a gross margin fall to 7.0% from 21.9% mainly to rising memory costs. It completed the Flyme software business acquisition and signed a non-binding memorandum of understanding with Arm to co-develop AI compute platforms.
Applied Optoelectronics, Inc.
Applied Optoelectronics Reports Third Quarter 2026 Results
Applied Optoelectronics reported third-quarter 2026 revenue of $269.9 million, compared with $118.6 million a year earlier, and GAAP net income of $6.3 million, and guided fourth-quarter revenue to $385 million to $420 million. The company says it secured a multi-year agreement with a Tier 1 hyperscale datacenter customer. It also says its 2027 US capacity expansion plan will take longer than expected.
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 WebCreator Plus reporting.