Global technology and industrial sectors report mixed quarterly results

Various technology and industrial companies have reported diverse financial outcomes for the third quarter of 2026.

GlobalWafers reported a 2.60 percent year-on-year revenue increase to 14.87 billion TWD, despite a production setback caused by a fire at its 8-inch production line in Novara, Italy. The company noted high capacity utilization in Japan and record deliveries in Texas and Missouri, driven by demand for AI and high-bandwidth memory.

Nan Ya Plastics achieved a multi-year revenue high in October, reporting 34.9 billion TWD, a 64.6 percent increase compared to the previous year. This growth was largely driven by a 104.7 percent surge in electronic materials, fueled by the expansion of AI servers and data centers.

In the infrastructure sector, Quanta Services reported record growth, with third-quarter revenue rising to 12.01 billion USD from 7.63 billion USD the previous year. The company also raised its full-year outlook, supported by a record backlog of 63.73 billion USD.

Conversely, CVRx reported a 6 percent decline in third-quarter revenue to 13.8 million USD and lowered its full-year guidance. The company cited lower sales productivity and challenges in the European market as primary headwinds.

Elbit Systems is preparing to release its third-quarter results on November 17, following a second quarter that saw 2.287 billion USD in revenue and a 32 billion USD order backlog.