Tech & Software · Week of Nov 2, 2026
Q3 earnings bring guidance raises and bigger buybacks
Third-quarter earnings dominated the week, with several companies raising guidance and expanding buybacks or dividends.
Third-quarter results made up the week's releases. Waters Corporation, Unisys and Clear Secure raised parts of their full-year 2026 guidance, while Kyndryl reaffirmed its fiscal 2027 outlook and EPAM Systems updated its full-year forecast. Capital returns were a recurring feature: EPAM replaced its repurchase program with one of up to $1.8 billion and plans a $500 million accelerated repurchase, CLEAR added $175.0 million to its buyback authorization and declared a dividend, and Blue Owl Technology Finance Corp. repurchased $55 million of stock and declared a $0.35 base dividend.
One-time charges weighed on GAAP results at several companies. Unisys reported a $201.0 million net loss that included a $151 million non-cash pension settlement loss, Zillow Group's $158 million net loss included a $165 million class action settlement, and Waters cited acquisition-related charges for lower GAAP EPS. IT services firms reported modest growth: Unisys revenue rose 2.5%, EPAM 2.3% and Kyndryl's fell 1.9%, though Kyndryl said hyperscaler-related revenues grew 27.2%.
Waters Corporation
Waters Corporation (NYSE: WAT) Reports Third Quarter 2026 Financial Results
Waters Corporation reported third quarter 2026 revenue of $1.767 billion and adjusted EPS of $4.10, up 21%, raised full-year guidance to revenue of $6.479 billion to $6.497 billion, and announced the acquisition of MOBILion Systems, Inc. The company says organic revenue grew 9% as reported, while GAAP diluted EPS fell to $0.82 from $2.50 on acquisition-related and restructuring costs.
Unisys Corporation
Unisys Announces 3Q26 Results
Unisys reported third-quarter 2026 revenue of $471.5 million, up 2.5%, and a net loss of $201.0 million including a $151 million non-cash pension settlement loss. It raised 2026 constant currency revenue growth guidance to (3.0)% to (1.5)%, reported New Business TCV up 78% to $221 million, and transferred about $200 million of pension liabilities to a third-party insurer.
Wayfair Inc.
Wayfair Announces Third Quarter 2026 Results, Reports Double Digit U.S. Revenue Growth
Wayfair reported third-quarter 2026 net revenue of $3.4 billion, up 9.7%, and net income of $62 million versus a $99 million loss a year earlier. The company says U.S. revenue grew 11.4% against a roughly flat category, while International net revenue fell 2.3% and the segment posted negative Adjusted EBITDA of $25 million.
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, and raised its full-year Free Cash Flow guidance. The company added $175.0 million to its share repurchase authorization, declared a $0.15 dividend payable December 24, 2026, and says quarterly Free Cash Flow of $(103.8) million reflects an approximately $315 million partnership liability settlement.
Kyndryl
KYNDRYL REPORTS SECOND QUARTER FISCAL 2027 RESULTS
Kyndryl reported fiscal second-quarter 2027 revenues of $3.7 billion, down 1.9%, 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 rebalancing actions are expected to yield $400 to $500 million in annualized savings in fiscal 2028.
Zillow Group, Inc.
Zillow Group Reports Third-Quarter 2026 Financial Results
Zillow Group reported third-quarter 2026 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 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 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.
EPAM Systems, Inc.
EPAM Reports Results for Third Quarter 2026
EPAM Systems reported third quarter 2026 revenues of $1.426 billion, up 2.3%, and GAAP diluted EPS of $2.53, and now expects full-year revenue growth of 3.5% to 3.7%. It replaced its buyback with a program of up to $1.8 billion through December 31, 2029, plans a $500 million accelerated repurchase the week of November 9, 2026, and says it will return at least 50% of free cash flow 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 ProBand App reporting.