Tech & Software · Week of Nov 2, 2026
AI data center demand runs through Q3 results: the week in tech
Q3 earnings dominated the week, with AI data center demand showing up at Hut 8, Applied Optoelectronics and Kyndryl; IBM switched on a quantum system.
Third-quarter results made up most of the week's releases, and several pointed to AI infrastructure. Hut 8 says a second 352 MW lease at Beacon Point brings expected base-term contract value across its AI data center portfolio to approximately $26.6 billion. Applied Optoelectronics reported revenue of $269.9 million, up from $118.6 million a year earlier, and guided fourth-quarter revenue to $385 million to $420 million. Kyndryl says its hyperscaler-related revenues grew 27.2% even as total revenue fell 1.9%.
Elsewhere, Wayfair returned to a quarterly profit on 11.4% U.S. revenue growth, and Chunghwa Telecom says its results beat the high end of its guidance. ECARX said rising memory costs cut its gross margin to 7.0% from 21.9%. Outside earnings, IBM unveiled an IBM Quantum System Two in Chicago, and Ceragon Networks added RADWIN's sub-6 GHz products to its wireless portfolio.
Wayfair Inc.
Wayfair Announces Third Quarter 2026 Results, Reports Double Digit U.S. Revenue Growth
Wayfair reported third-quarter 2026 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 grew 11.4% against what it describes as a roughly flat category, while International net revenue fell 2.3% to $380 million and the 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, and signed a second 352 MW IT lease at Beacon Point that it says represents approximately $9.8 billion in expected base-term contract value. The company also closed a four-year, $1.07 billion revolving credit facility, and on November 2, 2026 its board raised the share 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% year-over-year, and net income of $59 million, with signings of $4.1 billion and hyperscaler-related revenues of more than $550 million, up 27.2%. It reaffirmed fiscal 2027 guidance and says $38 million of workforce rebalancing charges are expected to produce annualized run-rate savings of approximately $400 to $500 million in fiscal 2028.
ECARX Holdings Inc.
ECARX Announces Third Quarter 2026 Unaudited Financial Results
ECARX reported third-quarter revenue of US$240.8 million, up 10%, while net loss widened to US$48.6 million and gross margin fell to 7.0% from 21.9%, which the company 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 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 revenue of $269.9 million, including $155.6 million from datacenter, and GAAP net income of $6.3 million, a return to GAAP profitability, and guided fourth-quarter revenue to $385 million to $420 million. The CEO said the company secured a multi-year agreement with a Tier 1 hyperscale datacenter customer, and the company said its 2027 US capacity expansion plan will take longer than expected.
Chunghwa Telecom Co., Ltd.
Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Third Quarter of 2026
Chunghwa Telecom reported third-quarter revenue up 16.7% to NT$ 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%.
IBM
IBM Unveils Its Most Advanced Quantum Computer in Chicago, Marking a Milestone for Illinois's Quantum Future
IBM, the University of Chicago, the State of Illinois and IQMP unveiled an IBM Quantum System Two, powered by the IBM Quantum Nighthawk chip, now operational at Hyde Park Labs and set to move to IQMP once the campus is completed. The system will anchor IQMP's National Quantum Algorithm Center, where Grand Challenge participants including Deloitte, AbbVie, EPRI and several universities are working on drug discovery and power grid optimization.
Ceragon Networks Ltd.
Ceragon Expands its Multi-Vendor Wireless Portfolio with Sub-6 GHz Solutions, Strengthening its End-to-End Connectivity Offering
Ceragon Networks announced a collaboration under which it will serve as a global solution provider of RADWIN's sub-6 GHz wireless access offerings, adding them to its microwave and millimeter-wave portfolio. The company says it is developing a multi-vendor network management strategy and will sell the products through its global sales organization and channel partners for uses including business broadband, video surveillance and critical infrastructure.
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 CodeComma reporting.