Tech & Software · Week of Nov 2, 2026
Q3 earnings dominate, with cash and buybacks in focus
Third-quarter earnings dominated, with CLEAR, Kyndryl, ECARX, Chunghwa Telecom, Tucows and TEN Holdings reporting, plus IBM's quantum system in Chicago.
Quarterly results made up most of the week's releases. CLEAR and Chunghwa Telecom reported double-digit revenue growth, with CLEAR saying revenue rose 27.8% and Chunghwa Telecom saying revenue rose 16.7% and beat the high end of its guidance. Kyndryl reported revenue down 1.9% but reaffirmed its fiscal 2027 outlook. Tucows reported a narrower net loss. ECARX and TEN Holdings both reported wider losses and lower gross margins, and ECARX attributes its decline mainly to rising memory costs.
Cash and capital returns were a recurring theme. CLEAR raised its free cash flow guidance, added $175.0 million to its share repurchase authorization and declared a dividend. ECARX, Tucows and TEN Holdings each reported lower cash balances at quarter end. Robo.ai said it does not intend to enter new equity-linked, variable-price financing arrangements for a period following its CEO's letter. Outside earnings, IBM and its Illinois partners unveiled an IBM Quantum System Two in Chicago.
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. It raised full-year Free Cash Flow guidance, added $175.0 million to its buyback and declared a $0.15 dividend, and says it reached 46.7 million total CLEAR Members.
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 guidance and says workforce rebalancing actions 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 its 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 dropped 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.
TEN Holdings, Inc.
TEN Holdings Reports Third Quarter 2026 Financial Results
TEN Holdings reported third-quarter revenue of $640,000, up 17.9%, and a net loss of $3,734,000, with SG&A including a $1.8 million write-off and about $0.5 million in litigation-related legal expenses. Cash fell to $3.5 million, and the company appointed Ian M. Lawson as Interim Chief Financial Officer and filed for a $100 million universal shelf.
Chunghwa Telecom Co., Ltd.
Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Third Quarter of 2026
Chunghwa Telecom reported third-quarter revenue up 16.7% to NT$ 67.59 billion and net income attributable to 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, and that Enterprise ICT revenue rose 19% and IPLC revenue rose 33%.
Tucows Inc.
Tucows Reports Third Quarter Results In Line with Expectations with Progress on Balance Sheet Obligations
Tucows reported third-quarter net revenue of $100.0 million, up 1.4%, and a net loss of $10.3 million, narrower than $23.0 million a year earlier. Adjusted EBITDA rose 39.8% on what the company calls a non-recurring mobile contract re-rate, Ting revenue grew to $22.3 million, and Tucows Domain Services revenue declined to $63.9 million.
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, now operational at Hyde Park Labs and powered by the IBM Quantum Nighthawk chip. It will anchor IQMP's National Quantum Algorithm Center, where participants including Deloitte, AbbVie and EPRI are working on drug discovery and power grid optimization.
Robo.ai Inc.
Robo.ai CEO Issues Letter to Shareholders
Robo.ai released a letter from CEO Benjamin Zhai as its 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 full-year 2026 revenue 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 DemiByte reporting.