Tech & Software · Week of Nov 2, 2026
Buybacks and one-time charges mark Q3 tech earnings
Eight companies reported quarterly results on Nov. 4, with share buybacks, guidance updates and one-time charges recurring across the releases.
Every release this week was a quarterly earnings report issued on Nov. 4, 2026, covering the period ended September 30. Capital returns were a common thread: Hut 8 raised its repurchase authorization to $1.0 billion, CLEAR added $175.0 million to its buyback and declared a dividend, EPAM set a new program of up to $1.8 billion with a planned $500 million accelerated repurchase, and Blue Owl Technology Finance Corp. bought back $55 million of stock.
Several companies posted losses or lower earnings driven by one-time items. Unisys took a $151 million non-cash pension settlement loss, Zillow Group recorded a $165 million class action settlement, and Kyndryl booked $38 million of workforce rebalancing charges. IT services providers Unisys, Kyndryl and EPAM reported low single-digit revenue changes and adjusted or reaffirmed full-year guidance, while CLEAR and Wayfair reported faster revenue growth.
Unisys Corporation
Unisys Announces 3Q26 Results
Unisys reported third-quarter revenue of $471.5 million, up 2.5% year over year, and a net loss of $201.0 million that included a $151 million non-cash pension settlement loss, net of tax. The company raised its 2026 constant currency revenue growth guidance to (3.0)% to (1.5)% and reaffirmed non-GAAP operating profit margin guidance of 9.0% to 11.0%.
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%, with U.S. net revenue up 11.4% to $3.0 billion and net income of $62 million compared with a $99 million loss a year earlier. The company says U.S. growth came against a roughly flat category, while international net revenue fell 2.3% and that 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. The company says this 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 on November 2, 2026.
CLEAR
CLEAR Announces Third Quarter 2026 Financial Results
Clear Secure reported third-quarter revenue of $292.9 million, up 27.8%, and net income of $75.3 million, with free cash flow of $(103.8) million that the company says reflects an approximately $315 million settlement of accrued partnership liabilities. It raised full-year free cash flow guidance, added $175.0 million to its buyback and declared a $0.15 per share dividend payable December 24, 2026.
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 hyperscaler-related revenues of more than $550 million up 27.2%. The company reaffirmed its fiscal 2027 outlook and says its workforce actions are expected to produce 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 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.
Blue Owl Technology Finance Corp.
Blue Owl Technology Finance Corp. Announces September 30, 2026 Financial Results
Blue Owl Technology Finance Corp. reported 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.
EPAM Systems, Inc.
EPAM Reports Results for Third Quarter 2026
EPAM reported third-quarter revenues of $1.426 billion, up 2.3%, and GAAP diluted EPS of $2.53, and now expects full-year 2026 revenue growth of 3.5% to 3.7%. The board set a new repurchase program of up to $1.8 billion through December 31, 2029, and the company says it is committed to returning at least 50% of free cash flow to shareholders annually from 2027 through 2029.
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 The Web Paint reporting.