Stories

Events that two or more publishers reported, read together. Each story is summarised from its sources by AlphAI, with every figure traceable to an article.

Twilio posts Q3 beat but shares tumble on slower Q4 growth outlook

Twilio reported Q3 2026 revenue of $1.56 billion, up 20% year‑over‑year on a reported basis and 16% organically, with non‑GAAP EPS of $1.65 and GAAP EPS of $1.00. The company raised its full‑year 2026 revenue growth outlook to 20% but guided Q4 organic revenue growth to 11‑12%, implying revenue of $1.595 billion‑$1.605 billion. The slower outlook sent the stock down roughly 15‑18% in after‑hours trading.

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Marvell in advanced talks to acquire Lumentum, a potential AI optics megadeal

Marvell Technology reported that it is in advanced, late‑stage negotiations to buy Lumentum Holdings, the laser and optical‑component maker for data‑center AI infrastructure. The talks could lead to an announcement as early as next week, but no agreement, price or financing terms have been disclosed. Lumentum’s capacity is sold out through early 2029, prompting investors to weigh the strategic fit against financing risk.

Intel beats Q3 earnings but warns of weaker Q4, sending shares tumbling

Intel reported third‑quarter 2026 revenue of $16.5 billion, up 21% year‑over‑year, and GAAP earnings per share of $0.52 (non‑GAAP $0.60). The company announced a $23 billion public equity offering and highlighted strong data‑center demand. However, it forecast fourth‑quarter revenue of $15 billion‑$16 billion, below analysts’ expectations, citing a prolonged PC market slowdown and a $300 million hit from an Israel fab explosion. The guidance triggered a sharp decline in Intel’s stock price.

Trian-led group offers to take Wendy’s private for $1.4 billion

Trian Fund Management, led by Nelson Peltz, and partners including Flynn Group, BlueFive Capital and Sixth Street Partners offered on Wednesday to buy Wendy’s for $1.4 billion in cash, or $7.35 per share. The proposal would take Wendy’s private and represents nearly 19% above Tuesday’s closing price. Wendy’s declined to comment, and its shares rose 15% at the opening bell.

Eli Lilly beats Q3 2026 earnings, lifts full‑year revenue outlook but trims EPS guidance

Eli Lilly reported third‑quarter 2026 revenue of $24.4 billion, up 39% year‑over‑year, and GAAP EPS of $7.22, with non‑GAAP EPS of $7.48. The company raised its full‑year 2026 revenue guidance to $91 billion‑$92 billion, while lowering its adjusted EPS outlook to $35.00‑$36.00 per share because of $4.57 per share of acquisition‑related charges. Strong sales of the weight‑loss drugs Mounjaro ($10.72 billion) and Zepbound ($5.35 billion) drove the results.

CCI approves Vega SAS’s €5.1 bn purchase of a 16.2% stake in Vodafone

The Competition Commission of India gave clearance for Vega SAS, the French holding company owned by Xavier Niel’s Maya SAS, to acquire a 16.2% shareholding in Vodafone Group. The deal involves buying 3,944,743,685 shares from Emirates Telecommunications Group (e&) for roughly €5.1 bn (£4.4 bn). After the transaction Vega will become Vodafone’s single largest shareholder, although it will remain a minority investor.

FDA grants accelerated approval to Inovio’s VOCERYQ for rare throat disease

On October 30, 2026, the U.S. Food and Drug Administration granted accelerated approval to INOVIO’s VOCERYQ, formerly INO-3107, for reducing the frequency of surgery in adults with recurrent respiratory papillomatosis. The approval was supported by a study in which 7 of 26 efficacy-evaluable patients required no surgery during the 12 months after treatment. INOVIO expects to make the therapy available in approximately 60 days and launch it commercially in the first quarter of 2027.

Crocs posts Q3 2026 earnings beat and lifts full‑year outlook

Crocs reported third‑quarter 2026 revenue of about $1.04 billion, a 4.6% year‑over‑year increase on both reported and constant‑currency terms. Adjusted earnings per share rose to $3.69, well above analysts’ expectations. The company raised its full‑year 2026 revenue growth target to roughly 3% and its adjusted EPS guidance to $14.45‑$14.65. It also repurchased roughly 2.0 million shares for $250 million and paid down $21 million of debt.

DoorDash to acquire Instacart in $17 billion deal

DoorDash announced a definitive agreement to buy Instacart (Maplebear Inc.) for $65 per share, valuing the transaction at about $17 billion. The deal, structured as at least 75% cash, includes a 26% premium to Instacart’s pre‑announcement price and is expected to close by the end of 2027 or the first half of 2028 pending shareholder and regulatory approvals. Both companies released Q3 2026 results the same morning, with DoorDash reporting $4.6 billion revenue and Instacart posting $1.1 billion revenue.

Regeneron posts Q3 2026 earnings beat, driven by Dupixent sales and $1 billion Sanofi upfront

Regeneron Pharmaceuticals reported third‑quarter 2026 revenue of $5.12 billion, up 36% year‑over‑year, and non‑GAAP earnings per share of $20.07, beating consensus estimates. The results were powered by record sales of Dupixent and a $1 billion upfront payment from Sanofi that expands their collaboration on four next‑generation antibodies. The company also announced FDA approval for Pasatru and raised its full‑year gross‑margin guidance.

GoDaddy posts Q3 2026 earnings beat, lifts full‑year revenue outlook on strong Airo AI product

GoDaddy reported third‑quarter 2026 revenue of $1.34 billion, up 6% year‑over‑year, and adjusted earnings of $2.08 per share, beating analyst forecasts of $1.89. The AI‑driven Airo platform generated over $100 million in annualized bookings, driving the revenue beat and prompting the company to reaffirm its full‑year revenue guidance at the high end of the $5.215 billion‑$5.255 billion range. Management highlighted margin expansion to a normalized EBITDA margin above 33% and free cash flow of $481 million.

Gaming and Leisure Properties reports Q3 results and raises AFFO outlook

Gaming and Leisure Properties reported third-quarter results for the period ended September 30, 2026, with revenue of $435.4M, net income of $213.8M and AFFO of $311.7M, or $1.04 per share. The company raised its 2026 AFFO outlook to $1.222B-$1.225B, or $4.11-$4.12 per share. On October 27, GLPI also agreed with Prologis to develop the former Hollywood Casino Joliet site, with GLPI receiving a $61 million capital account credit and retaining an approximately 20% interest if all phases proceed.

U.S. State Department approves $2.1 billion sale of 500 Patriot PAC‑3 missiles to Ukraine

The U.S. State Department cleared a sale of 500 Patriot PAC‑3 MSE interceptors to Ukraine, valued at about $2.1 billion. Lockheed Martin will be the principal contractor. Funding will come from Canada, Germany, Norway and an EU‑backed loan, with no U.S. money involved. Ukraine’s president said the weapons are needed quickly, but officials note production and delivery could take years.

Piper Sandler posts Q3 2026 results, declares $0.20 dividend and $200 million buyback

Piper Sandler Companies reported third‑quarter 2026 net revenues of $443.0 million, an 8 % year‑over‑year decline, and GAAP diluted earnings of $0.78 per share, also down 8 % YoY. Adjusted diluted earnings were $0.87 per share, missing consensus by $0.06. The board approved a quarterly dividend of $0.20 per share and authorized a new $200 million share‑repurchase program.

OPay withdraws $304 million NYSE IPO after regulatory inquiry

OPay Limited cancelled its planned U.S. initial public offering on the New York Stock Exchange after a regulatory inquiry involving a foreign jurisdiction. The company had priced 16 million American Depositary Shares at $19 each, valuing the business at about $4 billion, and had agreed with underwriters to terminate the underwriting agreement on October 30, 2026. OPay said the halt will not affect its operations or financial condition and it will continue pursuing a secondary listing on the Nigerian Exchange.

S&P shifts Meta’s credit outlook to negative as AI spending strains cash flow

S&P Global Ratings revised Meta Platforms’ outlook to negative from stable on October 30, 2026, while keeping its AA- rating. S&P expects Meta’s capital spending to reach about $140 billion in 2026, more than $225 billion in 2027 and about $252 billion in 2028, alongside a $71 billion free operating cash flow deficit in 2027. Meta disputed S&P’s assessment of its AI monetization prospects.

Canadian National Railway posts stronger third-quarter results and reaffirms outlook

Canadian National Railway reported third-quarter results on Oct. 30, 2026, with revenue of C$4,771 million, diluted EPS of C$2.00 and adjusted diluted EPS of C$2.16, up 18%. The company generated C$2,918 million in free cash flow during 2026's first nine months, an increase of 25%. CN maintained its expectation for mid-to-high single-digit adjusted diluted EPS growth in 2026 and said it is tracking toward the upper end of that range.

France Advances Proposed Tax on Digital Data Traffic

France’s National Assembly adopted an amendment to the 2027 finance bill on October 30, 2026, creating a proposed levy of €0.055 per gigabyte sent to French internet subscribers. The measure passed 11 to 10 over government objections, and its Socialist authors estimate it could raise €10 billion annually. The levy would apply to content providers including Google, Meta, Amazon, Netflix and Akamai, but it is not yet law and may be removed during the budget process.

Chevron posts record Q3 earnings as refining margins and cash flow surge

Chevron reported third‑quarter 2026 adjusted profit of $10.4 billion, or $5.28 per share, well above analyst forecasts. Revenue climbed 36 % year‑over‑year to $67.8 billion, driven by higher oil realizations and record U.S. refinery throughput of 1.09 million barrels per day. Operating cash from operations reached $16 billion and the company returned $1.78 per share in a quarterly dividend.

AptarGroup posts Q3 2026 earnings beat with $1.52 adjusted EPS and 6% revenue growth

AptarGroup Inc. reported third‑quarter 2026 results after market close, delivering adjusted earnings per share of $1.52, beating consensus by $0.05. Revenue reached $1.02 billion, up 6% year‑over‑year, while net income fell to $32.6 million due to a $60.4 million after‑tax charge from deconsolidating its Russian subsidiary. The company guided adjusted EPS for Q4 2026 between $1.39 and $1.47.

Hippo posts Q3 profit, lifts full‑year revenue and earnings outlook

Hippo Holdings reported third‑quarter 2026 net income of $9 million and adjusted net income of $20 million, with revenue of $156 million, up 29.4% YoY. The insurer beat analysts’ expectations, posting adjusted EPS of $0.74 versus a consensus loss forecast, and improved its combined ratio to 98.4%. It raised its full‑year 2026 guidance to $585 million‑$590 million of revenue and $77 million‑$80 million of adjusted net income, and increased the gross‑written‑premium target to $1.70 billion‑$1.75 billion.

Capri Holdings reports Q2 FY2027 earnings beat and raises full‑year outlook

Capri Holdings announced second‑quarter fiscal 2027 results on Oct. 30, 2026. Revenue fell 5.5% year‑over‑year to $809 million, while adjusted earnings per share came in at $0.42, beating estimates by $0.21. CEO John D. Idol said trends at Michael Kors and Jimmy Choo improved sequentially and the company expects revenue to return to growth in the second half of fiscal 2027. The firm also lifted its full‑year adjusted EPS guidance to $2.20 and its revenue target to about $3.42 billion.

Jinko Holdings reports Q3 2026 loss narrowing and gross margin surge

Jinko Holdings posted third‑quarter 2026 revenue of RMB13.62 billion (US$2.03 billion) and a gross profit of RMB1.67 billion, lifting gross margin to 12.3% from 4.2% in Q2. Net loss narrowed to RMB170 million (US$25.4 million) and adjusted loss to RMB7.9 million. Module shipments fell 6% sequentially to 15.0 GW, with Tiger Neo 3.0 shipments exceeding 5 GW, while energy‑storage shipments reached 1.75 GWh. Management guided Q4 module shipments of 16‑18 GW and highlighted new AI and storage investments.

Church & Dwight reports Q3 2026 earnings beat and launches $1 billion share repurchase

Church & Dwight posted third‑quarter 2026 adjusted earnings of $0.92 per share, topping the $0.90 consensus. Revenue reached $1.60 billion, up about 1% year‑over‑year, with organic sales climbing 5.1% across all segments. The board approved a new $1 billion share‑buyback program and the company lifted its full‑year outlook to roughly 0.5% net‑sales growth and 7% adjusted EPS growth.

Sandisk posts record Q1 revenue, beats earnings and announces 8‑for‑1 stock split

Sandisk reported fiscal Q1 2027 revenue of $11.0 billion, up 23% sequentially and 378% year‑over‑year, with GAAP net income of $8.1 billion. Non‑GAAP earnings were $49.51 per share, beating consensus. The company announced an eight‑for‑one forward stock split effective 19 Nov 2026 and returned $5.0 billion to shareholders via share repurchases. It guided Q2 2027 revenue to $12.2‑$12.6 billion and non‑GAAP EPS to $55‑$57 per share.

Russia places Apple and Microsoft on state surveillance registry

Russia’s communications regulator Roskomnadzor listed Apple and Microsoft on its “organizers of information dissemination” register on Oct. 2. The designation obliges the firms to keep users’ written, audio and video messages inside Russia for three years and to hand the data to security services on demand. Failure to comply could lead to fines or restrictions on their services in the country. Neither company has publicly commented on the move.

W&T Offshore posts Q3 2026 production above guidance, declares dividend and converts credit facility

W&T Offshore reported third‑quarter 2026 production of 38.2 thousand barrels of oil equivalent per day, 4% above the high end of its guidance. The company posted revenue of $167.1 million, a net loss of $13.6 million, and adjusted EBITDA of $51.1 million. It issued 3.6 million shares for $15 million, raised total liquidity to about $235 million, reduced net debt to $160 million and declared a $0.01 per‑share dividend for Q4 2026. On October 1 the firm converted its credit facility to a reserve‑based lending structure, expanding the borrowing base to $100 million.

Medallion Financial posts Q3 loss as home‑improvement loan surge drives higher provisions and margin compression

Medallion Financial Corp. reported third‑quarter 2026 net income of $2.4 million, or $0.10 per diluted share, down from $7.8 million a year earlier. Loan originations rose 41% to $603.9 million, led by a 145% jump in home‑improvement loans, while credit‑loss provisions increased to $30.8 million and net interest margin fell to 7.34% from 8.21%. The board approved a new $40 million stock repurchase program and the company issued $55 million of preferred stock to support growth.

Alaska Air Group to cut 200 non‑union jobs amid $700 million loss forecast

Alaska Air Group announced it will lay off 200 non‑contract employees, including 125 in Washington and 48 in Hawaii, as it confronts a projected $700 million adjusted pretax loss for the year. CEO Ben Minicucci said the cuts are needed to restore financial discipline after the company posted a $416 million loss in the first nine months and a $147 million net loss in the third quarter. Affected staff will have their last day on Nov 13 and will receive pay through Dec 31 along with severance support.