US corporate earnings on Wednesday brought fresh results from technology services, specialty chemicals, healthcare, artificial intelligence infrastructure and industrial businesses. CGI reported higher quarterly revenue and a substantial increase in diluted earnings per share, while ICL Group delivered modest sales growth alongside stable profitability. Riskified recorded accelerating revenue growth and improved its full-year outlook.
The reporting session also included Boyd Group Services and Aebi Schmidt, with both companies showing the importance of acquisition integration and operating margins in determining earnings quality.
Investors were also assessing several important reports released after Tuesday’s market close. CoreWeave delivered another quarter of rapid AI infrastructure expansion, Alcon reported higher sales and earnings, Petrobras benefited from stronger oil production and refining activity, and Telefônica Brasil recorded double-digit net income growth.
1. CoreWeave: Revenue Jumps 168% as AI Infrastructure Demand Accelerates
CoreWeave delivered one of the most closely watched technology earnings reports following Tuesday’s market close. The AI cloud infrastructure provider reported third-quarter revenue of $3.66 billion, compared with $1.37 billion in the corresponding period last year, representing growth of approximately 168%.
Operating income increased to $207 million from $52 million, demonstrating that the company is expanding its business while generating higher operating earnings. However, the cost of financing its infrastructure expansion remains substantial. Net interest expense reached $846 million, contributing to a quarterly net loss of $709 million.
| Financial metric | Q3 2026 |
|---|---|
| Revenue | $3.661 billion |
| Revenue growth | 168% |
| Operating income | $207 million |
| Net loss | $709 million |
| Diluted EPS | -$1.27 |
| Adjusted EBITDA | $2.256 billion |
| FY2026 revenue guidance | $13.0B-$13.3B |
CoreWeave raised its full-year revenue guidance to $13 billion-$13.3 billion. It also increased its adjusted operating income outlook and expects annualised run-rate revenue of $20 billion-$21 billion exiting 2026.
The results reinforce the company’s position in the expanding AI infrastructure market. At the same time, its capital expenditure requirements, debt burden and financing costs remain important considerations for investors evaluating the sustainability of its growth.
2. CGI: Quarterly Revenue Reaches C$4.15 Billion as Earnings Improve
CGI reported its fourth-quarter and full-year fiscal 2026 results before Wednesday’s US market opening. The IT consulting and business services company generated quarterly revenue of C$4.15 billion, representing an increase of 3.3% compared with the previous year.
Net earnings increased 20.8% to C$460.7 million, while diluted earnings per share climbed 30.2% to C$2.24. Adjusted diluted EPS increased 8.5% to C$2.31.
The difference between reported and adjusted earnings reflects the impact of acquisition and integration expenses. CGI’s adjusted operating margin remained relatively stable, while its order backlog provided visibility into future project activity.
| Financial metric | Q4 FY2026 |
|---|---|
| Revenue | C$4.146 billion |
| Revenue growth | 3.3% |
| Net earnings | C$460.7 million |
| Net earnings growth | 20.8% |
| Diluted EPS | C$2.24 |
| Diluted EPS growth | 30.2% |
| Adjusted diluted EPS | C$2.31 |
| Adjusted EPS growth | 8.5% |
| Backlog | C$32.07 billion |
For the full fiscal year, CGI generated C$16.57 billion in revenue, up 4.2%, while diluted EPS increased 16.7% to C$8.58.
The company’s backlog reached C$32.07 billion, equivalent to approximately 1.9 times annual revenue. That provides an important measure of its contracted business pipeline as enterprise technology spending and digital transformation projects continue to influence demand.
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3. Alcon: Eye Care Revenue and Core Earnings Both Move Higher
Alcon reported its third-quarter results after Tuesday’s market close, delivering revenue of $2.72 billion, an increase of 5% from $2.59 billion in the previous year’s quarter.
The eye care company benefited from growth across its surgical and vision care businesses. Its surgical portfolio recorded stronger demand for consumables and equipment, while contact lenses and ocular health products contributed to growth in the vision care division.
Diluted EPS increased 13% to $0.54, while core diluted EPS climbed 15% to $0.91.
| Financial metric | Q3 2026 | YoY change |
|---|---|---|
| Revenue | $2.717 billion | +5% |
| Diluted EPS | $0.54 | +13% |
| Core diluted EPS | $0.91 | +15% |
| Core operating margin | 21.8% | +1.6 percentage points |
| Nine-month revenue | $8.184 billion | +7% |
Alcon maintained its 2026 objectives, supported by new product launches and its expanding portfolio of eye care treatments and surgical technologies.
Also Read: US Top Earnings Today, November 4, 2026: AI Growth, Healthcare Recovery and Industrial Strength
The improvement in core earnings was particularly encouraging, indicating that the company is converting sales growth into better underlying profitability.
4. Petrobras: Higher Oil Production Supports 21.5% Profit Growth
Brazilian energy producer Petrobras reported its third-quarter financial results after Tuesday’s market close. The company recorded net income of approximately R$39.8 billion, an increase of 21.5% compared with the same period last year.
Revenue increased 32.4% to approximately R$169.3 billion, while adjusted EBITDA reached R$85.8 billion. Stronger oil production, refining activity and export volumes supported the performance.
However, reported profit remained below market expectations, partly reflecting additional taxes and other non-recurring financial effects.
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| Financial metric | Q3 2026 |
|---|---|
| Revenue | R$169.3 billion |
| Revenue growth | 32.4% |
| Net income | R$39.8 billion |
| Net income growth | 21.5% |
| Adjusted EBITDA | R$85.8 billion |
| Adjusted EBITDA growth | 34.3% |
| Shareholder remuneration announced | R$15.3 billion |
| 2026 investment guidance | $24B-$25.5B |
Petrobras also increased its full-year investment outlook as project execution accelerated across its offshore production portfolio.
The results underline the importance of production volumes and operating efficiency in determining profitability for large integrated energy companies.
5. Telefônica Brasil: Net Income Rises 30.1% as Mobile Business Expands
Telefônica Brasil, which operates under the Vivo brand, reported third-quarter results after Tuesday’s market close. Revenue increased 7.2% to R$16.02 billion, while EBITDA climbed 10% to R$7.14 billion.
Net income rose 30.1% to R$2.46 billion, reflecting stronger operating performance and improved profitability.
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Mobile services remained the company’s largest contributor to revenue, while fibre broadband services also recorded healthy growth. Its expanding customer base and higher service revenues supported the quarterly performance.
| Financial metric | Q3 2026 | YoY change |
|---|---|---|
| Operating revenue | R$16.02 billion | +7.2% |
| EBITDA | R$7.14 billion | +10% |
| Net income | R$2.46 billion | +30.1% |
| EPS | R$0.77 | +31% |
| Operating cash flow | R$4.57 billion | +17.8% |
The company continued to benefit from demand for mobile connectivity and fibre broadband. Its commitment to distributing at least 100% of its 2026 net income to shareholders also remains an important part of its capital allocation strategy.
6. ICL Group: Specialty Minerals Business Maintains Stable Earnings
ICL Group reported third-quarter revenue of $1.91 billion, representing growth of approximately 3% from $1.85 billion in the previous year’s quarter.
The specialty minerals producer recorded net income attributable to shareholders of $120 million, compared with $115 million a year earlier. Adjusted EBITDA increased slightly to $402 million from $398 million.
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The company continued to navigate elevated raw material prices, logistics expenses and currency movements. Higher gross margins and cost management helped support profitability.
| Financial metric | Q3 2026 |
|---|---|
| Revenue | $1.910 billion |
| Revenue growth | 3% |
| Net income | $120 million |
| Net income growth | 4.3% |
| Diluted EPS | $0.09 |
| Adjusted diluted EPS | $0.10 |
| Adjusted EBITDA | $402 million |
| Adjusted EBITDA growth | 1% |
ICL maintained its full-year adjusted EBITDA guidance of $1.5 billion-$1.7 billion and expects potash sales volumes between 4.5 million and 4.7 million metric tonnes.
The results indicate relatively stable operating conditions despite cost pressures across the company’s global agricultural and industrial markets.
7. Riskified: Revenue Growth Accelerates to 41% and Guidance Is Raised
Riskified reported third-quarter revenue of $115.2 million, an increase of 41% from $81.9 million in the previous year’s quarter.
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The ecommerce fraud prevention company recorded accelerating demand for its risk intelligence platform, with increased merchant adoption and additional product sales contributing to growth.
Gross profit reached $49.3 million, while adjusted EBITDA increased 47% to $8.1 million. The company also generated positive free cash flow of $15.2 million during the quarter.
| Financial metric | Q3 2026 |
|---|---|
| Revenue | $115.2 million |
| Revenue growth | 41% |
| Gross profit | $49.3 million |
| Net loss | $1.3 million |
| Adjusted EBITDA | $8.1 million |
| Adjusted EBITDA growth | 47% |
| Free cash flow | $15.2 million |
| Cash and investments | $234.9 million |
Riskified raised its revenue and adjusted EBITDA guidance for the full year, marking the third increase to its outlook during 2026.
The improvement in revenue growth and cash generation suggests that the company is benefiting from stronger demand for fraud detection as ecommerce transactions become more complex.
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8. Boyd Group Services: Revenue Surges, but Diluted EPS Comes Under Pressure
Boyd Group Services reported third-quarter sales of $1.013 billion, an increase of 28.2% compared with the previous year.
The collision repair operator benefited from newly acquired locations, including its expanded Joe Hudson’s business, alongside positive same-store sales growth.
Adjusted EBITDA increased 34.3% to $132.1 million, and the adjusted EBITDA margin improved to 13%. However, reported net earnings declined sharply because of acquisition and transformation expenses.
| Financial metric | Q3 2026 |
|---|---|
| Revenue | $1.013 billion |
| Revenue growth | 28.2% |
| Net earnings | $0.08 million |
| Previous-year net earnings | $10.85 million |
| Diluted EPS | $0.00 |
| Adjusted EPS | $0.68 |
| Adjusted EBITDA | $132.1 million |
| Adjusted EBITDA growth | 34.3% |
Adjusted net earnings increased to $19 million from $17.8 million. However, adjusted EPS declined from $0.83 to $0.68, reflecting the higher share count following acquisition-related equity issuance.
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Boyd’s ability to integrate new repair locations and realise projected cost savings will be important in determining whether its substantial revenue expansion produces stronger per-share earnings.
9. Aebi Schmidt: Revenue Grows, but Earnings Miss Expectations
Aebi Schmidt reported third-quarter revenue of $493 million, an increase of 4.6% from $471 million in the same period last year.
The specialty vehicle manufacturer recorded net income of $10.8 million, compared with $1.2 million in the previous year’s quarter. Adjusted EBITDA increased 4.9% to $44.2 million.
Despite the improvement in reported net income, adjusted EPS came in below analyst expectations. Higher costs and margin pressure remained challenges during the quarter.
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| Financial metric | Q3 2026 |
|---|---|
| Revenue | $493 million |
| Revenue growth | 4.6% |
| Net income | $10.8 million |
| Adjusted EPS | $0.02 |
| Adjusted EBITDA | $44.2 million |
| Adjusted EBITDA growth | 4.9% |
| FY2026 revenue guidance | $1.95B-$2.00B |
| FY2026 adjusted EBITDA guidance | $170M-$180M |
The company lowered its full-year adjusted EBITDA guidance to $170 million-$180 million from its previous range of $175 million-$195 million.
The updated outlook reflects the challenges of managing inflation, supply chain conditions and demand across its international markets.
US Earnings: What Investors Should Take Away
Wednesday’s earnings reports present a mixed but informative picture of corporate performance.
CoreWeave’s rapid revenue expansion demonstrates the scale of investment flowing into AI infrastructure, although its financing costs remain significant. CGI and Riskified delivered encouraging earnings and revenue growth, while Alcon continued to improve profitability through its healthcare product portfolio.
Also Read: Top US Earnings Today: Cadence, Celestica and Nucor Deliver Stronger Sales
Petrobras and Telefônica Brasil demonstrated the benefits of stronger operating activity, while ICL maintained relatively stable earnings despite input cost pressures. Boyd Group and Aebi Schmidt offered a reminder that acquisition-led expansion can create challenges for margins and per-share profitability.
For investors, the central consideration remains the quality of earnings. Revenue growth, operating margins, cash generation and full-year guidance together provide a more complete picture of corporate performance than headline EPS alone.
Disclaimer: This article is intended for educational and informational purposes only. It does not constitute investment advice, financial advice or a recommendation to buy, sell or hold any securities. Readers should conduct their own research or consult a qualified financial adviser before making investment decisions. OneTrader is not registered with SEBI as an investment adviser.
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