Tech & Software · Week of Nov 2, 2026
AI data center demand runs through Q3 tech earnings
Third-quarter earnings dominated, with telecoms, networking suppliers and data center operators citing AI infrastructure and hyperscaler demand.
Earnings reports made up nearly all of this week's releases, and AI infrastructure ran through many of them. 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 datacenter revenue of $155.6 million and a multi-year agreement with a Tier 1 hyperscale customer. Kyndryl says its hyperscaler-related revenues grew 27.2%, and BCE attributed higher capital spending in part to its Bell AI Fabric data centres.
Telecom and network operators reported mixed results. Chunghwa Telecom says revenue rose 16.7% and profit beat the high end of its guidance, helped by a one-off gain. Ceragon reported 11.7% revenue growth but noted supply constraints in India. BCE posted 2.2% revenue growth while net earnings fell 84.6%, which the company attributes mainly to lower investment gains. Outside telecom, Waters raised its full-year guidance and announced the acquisition of MOBILion Systems, and Robo.ai's CEO issued a shareholder letter on financing policy.
BCE Inc.
BCE reports third quarter 2026 results
BCE reported Q3 2026 operating revenues of $6,182 million, up 2.2%, and net earnings of $701 million, down 84.6%, which it attributes mainly to lower investment gains after the 2025 sale of its MLSE stake. Capital expenditures rose 49.3% to $1,330 million on Bell AI Fabric data centres and Ziply Fiber's network, and free cash flow fell 14.9% to $854 million. The company confirmed its 2026 guidance.
Waters Corporation
Waters Corporation (NYSE: WAT) Reports Third Quarter 2026 Financial Results
Waters reported Q3 2026 revenue of $1.767 billion and adjusted EPS of $4.10, up 21%, and raised full-year revenue guidance to $6.479 billion to $6.497 billion. The company also says it has acquired MOBILion Systems, a developer of SLIM high-resolution ion mobility separation technology.
Hut 8 Corp.
Hut 8 Reports Third Quarter 2026 Results
Hut 8 reported Q3 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 says a second 352 MW Beacon Point lease represents approximately $9.8 billion in expected base-term contract value, and its board raised the repurchase authorization to $1.0 billion.
Kyndryl
KYNDRYL REPORTS SECOND QUARTER FISCAL 2027 RESULTS
Kyndryl reported fiscal Q2 2027 revenues of $3.7 billion, down 1.9%, with net income of $59 million and signings of $4.1 billion, and reaffirmed its fiscal 2027 outlook. The company says hyperscaler-related revenues of more than $550 million grew 27.2%, and that workforce actions should yield annualized savings of approximately $400 to $500 million in fiscal 2028.
Applied Optoelectronics, Inc.
Applied Optoelectronics Reports Third Quarter 2026 Results
Applied Optoelectronics reported Q3 revenue of $269.9 million, up from $118.6 million a year earlier, and a return to GAAP net income of $6.3 million. It guided Q4 revenue to $385 million to $420 million and says its 2027 US capacity expansion will take longer than expected.
Ceragon Networks Ltd.
Ceragon Reports 2026 Third Quarter Financial Results
Ceragon reported Q3 revenue of $95.5 million, up 11.7%, with GAAP net income of $2.4 million and gross margin of 36.0%. It updated its 2026 revenue outlook to $365 million to $375 million and says demand in India remained healthy despite significant supply constraints.
Chunghwa Telecom Co., Ltd.
Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Third Quarter of 2026
Chunghwa Telecom reported un-audited Q3 revenue of NT$ 67.59 billion, up 16.7%, and net income attributable to the parent of NT$ 12.22 billion, up 29.5%, which it says exceeded the high end of guidance with help from a one-off asset revitalization gain. The company says enterprise ICT revenue rose 19% and IPLC revenue, mainly from submarine cables, rose 33%.
Robo.ai Inc.
Robo.ai CEO Issues Letter to Shareholders
Robo.ai CEO Benjamin Zhai issued a shareholder letter as the company's shares began split-adjusted trading on Nasdaq on November 6. The company says revenue exceeded US$280 million for June through September, reiterated a preliminary 2026 outlook of approximately US$600 million, and says it does not intend to enter new equity-linked, variable-price financing arrangements for a period.
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 AppsTrends reporting.