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Tech & Software · Week of Nov 2, 2026

Buybacks and acquisitions mark Q3 earnings: the week in tech

Eight companies reported quarterly results, with several pairing them with buybacks, dividends or acquisitions.

· Hire Coder newsroom

Quarterly earnings dominated the week, and several companies used them to announce capital returns. Hut 8 raised its repurchase authorization to $1.0 billion, VIAVI approved a new $500 million program, CLEAR added $175.0 million to its buyback, and Blue Owl Technology Finance Corp. repurchased $55 million of stock. Microchip Technology, CLEAR and Blue Owl Technology Finance also declared quarterly dividends.

Acquisitions were a second thread. Waters said it has acquired MOBILion Systems, ECARX completed its purchase of the Flyme software business, and Hut 8 agreed to acquire two energized West Texas sites. Revenue growth was strong at Microchip (up 42.2%) and VIAVI (up 56.9%). ECARX said rising memory costs cut its gross margin to 7.0% from 21.9%, and Blue Owl Technology Finance reported higher non-accrual investments.

  1. Microchip Technology Inc

    MICROCHIP TECHNOLOGY INC

    Microchip Technology reported fiscal second-quarter net sales of $1.622 billion, up 42.2% year over year, and guided December quarter sales to $1.573 to $1.638 billion. The company also declared a 45.5-cent quarterly dividend and said director Victor Peng is stepping down from the Board, citing time commitments including serving as CEO of PsiQuantum.

  2. Waters Corporation

    Waters Corporation (NYSE: WAT) Reports Third Quarter 2026 Financial Results

    Waters reported third-quarter revenue of $1.767 billion and adjusted EPS of $4.10, up 21%, and raised full-year 2026 revenue guidance to $6.479 billion to $6.497 billion. The company says it has acquired MOBILion Systems, a developer of SLIM high-resolution ion mobility separation technology.

  3. Wayfair Inc.

    Wayfair Announces Third Quarter 2026 Results, Reports Double Digit U.S. Revenue Growth

    Wayfair reported third-quarter net revenue of $3.4 billion, up 9.7%, with U.S. revenue up 11.4% and net income of $62 million, compared with a net loss of $99 million a year earlier. The company says U.S. growth came against a roughly flat category, while international revenue fell 2.3% and the International segment posted negative Adjusted EBITDA of $25 million.

  4. 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. 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 reported third-quarter revenue of $292.9 million, up 27.8%, and net income of $75.3 million, with Total CLEAR Members reaching 46.7 million. Quarterly Free Cash Flow was $(103.8) million, which the company says reflects an approximately $315 million settlement of accrued partnership liabilities, and the Board added $175.0 million to the share repurchase authorization.

  6. 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 per share. 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.

  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% year-over-year, and GAAP net income of $76.0 million, compared with a net loss of $21.4 million a year earlier. The Board authorized a new repurchase program of up to $500 million, and the company guided second-quarter revenue to $505 million to $515 million.

  8. 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 net loss of US$48.6 million, which widened from US$8.4 million; the company attributes the gross margin decline to 7.0% mainly to rising memory costs. It reiterated full-year 2026 revenue guidance of US$1.0-US$1.1 billion, completed the Flyme software business acquisition, and signed a non-binding memorandum of understanding with Arm to co-develop AI compute platforms.

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 Hire Coder reporting.