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Tech & Software · Week of Nov 2, 2026

Buybacks and AI infrastructure demand mark a busy earnings week

Eight companies reported quarterly results, with share buybacks, AI and data center demand, and cost pressure as recurring themes.

· Green Web Art newsroom

Earnings dominated the week, and several companies paired results with capital returns. Hut 8 raised its stock repurchase authorization to $1.0 billion, VIAVI announced a new $500 million buyback program, and CLEAR added $175.0 million to its repurchase authorization alongside a quarterly dividend. Suppliers tied to network and data center demand reported the sharpest growth. MACOM's fiscal fourth quarter revenue rose 62.7% and VIAVI's fiscal first quarter revenue rose 56.9%. Hut 8 signed a second 352 MW lease at Beacon Point, and Kyndryl said its hyperscaler-related revenues grew 27.2%.

Not every report showed growth. Shutterstock's revenue fell 33% and it booked a $195.6 million goodwill impairment charge as its CFO departed. ECARX said rising memory costs cut its gross margin to 7.0% from 21.9%. Kyndryl's revenue slipped 1.9% while it took workforce rebalancing charges. Wayfair returned to profit, saying U.S. revenue grew 11.4% in what it describes as a roughly flat category.

  1. Shutterstock, Inc.

    Shutterstock Reports Third Quarter 2026 Financial Results

    Shutterstock reported third quarter 2026 revenue of $173.9 million, down 33%, and a net loss of $197.8 million that includes a $195.6 million non-cash, after-tax goodwill impairment charge. CFO Rik Powell is departing, with Scott Grossman named Interim Chief Financial Officer, and Data, Distribution, and Services revenue fell 76% to $15.8 million.

  2. 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% on a 12% rise in orders, while international net revenue fell 2.3% and that segment posted negative Adjusted EBITDA of $25 million.

  3. MACOM Technology Solutions Holdings, Inc.

    MACOM Technology Solutions Holdings, Inc.

    MACOM reported fiscal fourth quarter revenue of $424.8 million, up 62.7% year over year, and fiscal 2026 revenue of $1,327.6 million, up 37.3%, with full-year GAAP net income of $335.3 million. The company expects fiscal first quarter 2027 revenue of $450 million to $460 million.

  4. Hut 8 Corp.

    Hut 8 Reports Third Quarter 2026 Results

    Hut 8 reported third quarter 2026 revenue of $71.1 million and net income of $189.5 million, including $413.8 million of primarily unrealized gains on digital assets. The company signed a second 352 MW IT lease at Beacon Point, which it says brings expected base-term contract value across its AI data center portfolio to approximately $26.6 billion, and its board raised the repurchase authorization to $1.0 billion.

  5. 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, with Total CLEAR Members reaching 46.7 million. The company raised its full-year Free Cash Flow guidance, added $175.0 million to its share repurchase authorization and declared a $0.15 per share dividend payable December 24, 2026.

  6. Kyndryl

    KYNDRYL REPORTS SECOND QUARTER FISCAL 2027 RESULTS

    Kyndryl reported second quarter fiscal 2027 revenues of $3.7 billion, down 1.9%, and net income of $59 million, with signings of $4.1 billion and hyperscaler-related revenues up 27.2%. The company took $38 million of workforce rebalancing charges, which it says should yield annualized run-rate savings of approximately $400 to $500 million in fiscal 2028, and reaffirmed its fiscal 2027 outlook.

  7. 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 a year earlier. Its board authorized a new repurchase program of up to $500 million, and the company guided second-quarter net revenue to $505 million to $515 million.

  8. ECARX Holdings Inc.

    ECARX Announces Third Quarter 2026 Unaudited Financial Results

    ECARX reported third quarter 2026 revenue of US$240.8 million, up 10%, while its net loss widened to US$48.6 million as gross margin fell to 7.0%, a decline the company attributes mainly to rising memory costs. It completed the acquisition of the Flyme software business, signed a non-binding memorandum of understanding with Arm to co-develop AI compute platforms and reiterated full-year revenue guidance of US$1.0-US$1.1 billion.

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 Green Web Art reporting.