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Tech & Software · Week of Nov 2, 2026

Settlements and buybacks color Q3: the week in tech and software

Third-quarter earnings dominated the week, with one-off charges, settlements and share buybacks shaping results across IT services and consumer tech.

· DataCult newsroom

Six of the week's eight releases were quarterly results, and several were shaped by one-time items. Unisys booked a $151 million non-cash pension settlement loss, Zillow Group's net loss included a $165 million class action settlement, and CLEAR says its negative quarterly free cash flow reflects an approximately $315 million settlement of partnership liabilities. Chunghwa Telecom, by contrast, says a one-off gain from asset revitalization helped lift profit.

Capital returns and guidance were the other common threads. EPAM replaced its buyback with a program of up to $1.8 billion and CLEAR added $175.0 million to its repurchase authorization, while Unisys raised revenue growth guidance and Kyndryl reaffirmed its fiscal 2027 outlook. Outside earnings, Clarivate opened cash tender offers for up to $500,000,000 of notes, and IBM unveiled an IBM Quantum System Two in Chicago.

  1. Unisys Corporation

    Unisys Announces 3Q26 Results

    Unisys reported third-quarter 2026 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 full-year constant currency revenue growth guidance to (3.0)% to (1.5)%, reaffirmed non-GAAP operating profit margin guidance of 9.0% to 11.0%, and says New Business TCV rose 78% to $221 million.

  2. 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, raised full-year Free Cash Flow guidance, and added $175.0 million to its share repurchase authorization. The company says quarterly Free Cash Flow of $(103.8) million reflects an approximately $315 million settlement of accrued partnership liabilities, and reports 46.7 million total CLEAR Members as of September 30, 2026.

  3. Kyndryl

    KYNDRYL REPORTS SECOND QUARTER FISCAL 2027 RESULTS

    Kyndryl reported fiscal second-quarter 2027 revenues of $3.7 billion, down 1.9% year over year, and net income of $59 million, with signings of $4.1 billion and hyperscaler-related revenues of more than $550 million, up 27.2%. The company took $38 million in workforce rebalancing charges, which it says should yield annualized run-rate savings of approximately $400 to $500 million in fiscal 2028, and reaffirmed its fiscal 2027 guidance.

  4. 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% to $220 million and Mortgages revenue rose 32% to $70 million, while Residential revenue fell 4% to $419 million, which the company attributes to higher-than-expected mortgage rates.

  5. 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%. The board approved a new repurchase program of up to $1.8 billion through December 31, 2029, EPAM expects to enter a $500 million accelerated share repurchase during the week of November 9, 2026, and it says it will return at least 50% of free cash flow annually from 2027 through 2029.

  6. 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 2026 revenue up 16.7% to NT$ 67.59 billion and net income attributable to stockholders of the parent up 29.5% to NT$ 12.22 billion, which the company says exceeded the high end of its guidance. It says a one-off gain from asset revitalization contributed to profit, and that Enterprise ICT revenue rose 19% and IPLC revenue rose 33%.

  7. Clarivate Plc

    Clarivate Commences Offers to Purchase for Cash Certain of its Outstanding Debt Securities

    Clarivate subsidiary Clarivate Science Holdings Corporation commenced cash tender offers for its 3.875% Senior Secured Notes due 2028 and 4.875% Senior Notes due 2029, capped at $500,000,000 in aggregate principal amount. The offers expire at 5:00 p.m. New York City time on November 10, 2026, with settlement expected on November 13, 2026, and Total Consideration for the 2029 Notes set at $928.75 per $1,000 principal amount.

  8. 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, which IBM describes as the most powerful quantum chip it has built. The system will anchor IQMP's National Quantum Algorithm Center, where participants including Deloitte, AbbVie, Northwestern University, EPRI and the University of Illinois Urbana-Champaign 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 DataCult reporting.