Tech & Software · Week of Nov 2, 2026
Strong quarters and buybacks: the week in tech and software
Third-quarter earnings dominated the week, with buybacks at EPAM and VIAVI, raised guidance at Waters, and IBM switching on a quantum system in Chicago.
Quarterly results made up most of the week's releases. Several companies reported strong top-line growth: VIAVI says net revenue rose 56.9% year over year, Microchip Technology reported a 42.2% increase in net sales, Senstar Technologies posted a 37% revenue gain, and Chunghwa Telecom says revenue rose 16.7%. Growth was slower elsewhere. EPAM reported revenue up 2.3%, and Zillow Group reported revenue up 7%, with a net loss that included a $165 million class action settlement.
Capital returns and deals were a second thread. EPAM raised its repurchase authorization by $1.5 billion and plans a $500 million accelerated share repurchase. VIAVI's board approved a new $500 million buyback, and Microchip declared a quarterly dividend. Waters raised its full-year guidance and announced the acquisition of MOBILion Systems. Outside earnings, IBM and its Illinois partners unveiled an IBM Quantum System Two in Chicago.
Microchip Technology Inc
MICROCHIP TECHNOLOGY INC
Microchip Technology reported fiscal second-quarter 2027 net sales of $1.622 billion, up 42.2% year over year. It guided December-quarter sales to $1.573 to $1.638 billion, declared a 45.5-cent dividend, and said director Victor Peng is stepping down, citing time commitments including serving as CEO of PsiQuantum.
Waters Corporation
Waters Corporation (NYSE: WAT) Reports Third Quarter 2026 Financial Results
Waters reported third-quarter 2026 revenue of $1.767 billion and adjusted EPS of $4.10, up 21%. It raised full-year revenue guidance to $6.479 billion to $6.497 billion and said it has acquired MOBILion Systems, a developer of SLIM high-resolution ion mobility separation technology.
Zillow Group, Inc.
Zillow Group Reports Third-Quarter 2026 Financial Results
Zillow Group reported third-quarter revenue of $724 million, up 7%, with Rentals up 26% and Mortgages up 32%, while Residential revenue fell 4%. The company posted a net loss of $158 million that included a $165 million Zillow Offers securities class action settlement, and it attributes the Residential decline to higher-than-expected mortgage rates.
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, up 32.5%. It replaced its buyback with a program of up to $1.8 billion through 2029, plans a $500 million accelerated repurchase during the week of November 9, and now expects 2026 revenue growth of 3.5% to 3.7%.
VIAVI Financials
VIAVI Announces First Quarter Fiscal 2027 Results
VIAVI reported fiscal first-quarter 2027 net revenue of $469.3 million, up 56.9%, and GAAP net income of $76.0 million, compared with a loss a year earlier. Its board authorized a new $500 million share repurchase, and the company guided second-quarter revenue to $505 million to $515 million.
Chunghwa Telecom Co., Ltd.
Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Third Quarter of 2026
Chunghwa Telecom reported un-audited third-quarter revenue of NT$ 67.59 billion, up 16.7%, and net income attributable to the parent of NT$ 12.22 billion, up 29.5%. 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%.
Senstar Technologies Corporation
Senstar Technologies Corporation Reports Third Quarter 2026 Financial Results
Senstar Technologies reported third-quarter revenue of $13.1 million, up 37%, which it calls a record, and net income of $1.5 million. The company says LiDAR sales more than doubled following the Blickfeld integration, while cash fell to $8.4 million from $22.5 million at the end of 2025.
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. The system will anchor the National Quantum Algorithm Center, where participants including Deloitte, AbbVie and EPRI are working on drug discovery and power grid problems.
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 Dragon Tech Demos reporting.