Hardware - Azzet - Business news, investments companies & executives

Sign inJoin Now

Hardware

Hardware
Dell surges on upbeat AI server outlook, record results
Dell Technologies reported fiscal 2026 third-quarter results and issued upgraded fourth-quarter and full-year guidance, driving its shares higher in extended United States trading on Tuesday (Wednesday AEDT). The company also confirmed David Kennedy as its permanent chief financial officer. The results came in broadly ahead of market expectations. Adjusted earnings per share (EPS) hit a record $2.59 exceeded the $2.47 consensus estimate, while revenue of $27.01 billion was marginally below the expected $27.13 billion, despite hitting a record high and lifting 11% year-on-year. Cash flow from operations reached $1.2 billion. Shares jumped around 4.5% in extended trading as the company flagged further growth driven largely by AI server demand. CFO David Kennedy said: “FY26 will be another record year, and we’re raising our AI shipment guidance to roughly $25 billion, up over 150% year over year, and revenue guidance to $111.7 billion, up 17%.” Dell expects to sell $9.4 billion worth of AI servers in the fourth quarter, excluding a recent deal to supply Nvidia-based GB300 systems to Iren, a neocloud provider that plans to rent the systems to Microsoft. The company forecasts approximately $31.5 billion in fourth-q
Hardware
Tesla recalls over 10k units of Powerwall 2 batteries
Tesla recalled around 10,500 units of its Powerwall 2 battery, according to a United States Consumer Product Safety Commission disclosure. The battery is used as a backup for residential use, and the notice said it was recalled due to overheating. “The lithium-ion battery cells in certain Powerwall 2 systems can cause the unit to stop functioning during normal use, which can result in overheating and, in some cases, smoke or flame and can cause death or serious injury due to fire and burn hazards,” the CPSC recall notice said. Tesla blamed the issue on a “third-party battery cell defect”, but did not name the supplier. The company also said it is remotely limiting the charge on affected units to minimise risk while it arranges free replacements for customers. Tesla also reassured customers that the issue does not affect Powerwall 3. There were 22 complaints leading up to the recall, including five resulting in “minor property damage”, but no known injuries. The Powerwalls are sold by Tesla’s energy division, which was the company’s biggest growth engine in the third quarter of 2025. The energy division saw a revenue jump of 44% to US$3.42 billion, representing around one-quarter of Tesla’s overall revenue.
Hardware
Cisco shares hit new high on Q1 result, revenue upgrade
The Cisco Systems share price jumped to a new high after the company announced a 5% increase in net income for the first quarter of the 2026 financial year (Q1 FY26) and raised its revenue forecast. The networking equipment manufacturer said net income rose to US$2.9 billion (A$4.4 billion) in Q1 from $2.7 billion in the previous corresponding period and diluted earnings per share increased 6% to 72 cents on revenue which grew 8% to $14.9 billion. Cisco said strong top and bottom-line growth exceeded its guidance and delivered continued operating leverage. AI Infrastructure orders from hyperscaler customers totalled $1.3 billion, reflecting a significant acceleration in growth.Source: Cisco Systems“We had a solid start to fiscal 2026, and Cisco is on track to deliver our strongest year yet,” Chair and CEO Chuck Robbins said in an earnings release. “The widespread demand for our technologies highlights the critical role of secure networking and the value of our portfolio as customers move quickly to unlock the potential of AI (artificial intelligence).” Chief Financial Officer Mark Patterson said Cisco delivered a strong quarter with top and bottom-line performance exceeding guidance and solid margins, and operating
Hardware
CoreWeave revenue up, shares drop on data centre delay
Cloud infrastructure provider CoreWeave beat estimates on revenue last quarter, though shares dropped by 16.3% as a delay at a data centre partner weighed on its guidance. Revenue was US$1.36 billion, up from $583.94 million year-over-year and passing LSEG estimates of $1.29 billion. Its net loss was $110.12 million, improving from a loss of $359.81 million. “We delivered an exceptional third quarter, setting new records for revenue and almost doubling our revenue backlog to more than $55 billion,” said CoreWeave CEO Michael Intrator. “Our performance reflects disciplined execution across every part of our business, from scaling infrastructure and expanding capacity to deepening customer relationships and advancing our software and services. CoreWeave’s position as the essential cloud for AI has never been stronger as we drive growth through focus and innovation to power the next generation of AI.” While CoreWeave added eight new data centres in the U.S. last quarter, Intrator said a third party developer was currently behind schedule due to supply chain issues, leading to lower fourth quarter expectations. It projects full-year revenue will be $5.05-5.15 billion, below estimates of $5.29 billion. CoreWeave’s rev
Hardware
Qualcomm chipset growth drives earnings beat
Qualcomm beat estimates on revenue and earnings per share last quarter, driven by major growth in its chipset business. Revenue increased 10% year-over-year to US$11.27 billion, passing LSEG estimates of $10.79. Earnings per share were up 12% to $3.00, above estimates of $2.88. “Our business remains strong as demonstrated by record QCT revenues in fiscal 2025,” said Qualcomm CEO Cristiano Amon. Its QCT segment includes wireless chipset technologies. “We delivered 18% year-over-year growth in total QCT non-Apple revenues, with combined fiscal year Automotive and IoT revenue growth of 27%. We are excited about our business momentum, the availability of our automated driving stack, and our expansion to data centers and advanced robotics.” GAAP earnings before taxes grew by 14% to $2.97 billion. The company said it expects lower cash tax payments in the future due to new United States legislation, but it received a $5.7 billion charge last quarter for a valuation allowance against U.S. tax assets. QCT revenues were up 13% to $9.82 billion, driven by 14% growth in Handsets and 17% in Automotive. The segment’s earnings before taxes rose 17% to $2.90 billion. QTL, Qualcomm’s patent licensing business, saw revenue fall 7

Hardware
Beta Technologies closes 6% up on NYSE debut
Amazon-backed electric aircraft company, Beta Technologies, closed up 6% at US$36 per share in its NYSE debut. The company priced shares in its IPO at $34, surpassing expectations of $27 to $33. In its stock market debut, the company managed to sell 29.9 million shares, raising more than $1 billion at a valuation of $7.4 billion. Beta Technologies' public debut is an achievement for founder and CEO, Kyle Clark and was an untraditional approach to building an aviation company. “And I said, ‘You know what? It actually is not. I think the more time we spend with investors, the better this is going to be for Beta’,” Clark said in an interview Monday evening. “As people started to dig really deep into the tech and the strategy, we got stronger and stronger, and our oversubscription speaks for itself.” The company is still relatively small, posting a net loss of $183.2 million in the first half of this year, compared to $37.1 million in the first half of last year. Despite this, revenue still doubled from US$7.6 million in 2017, when the company was founded, to US$15.6 million. Beta Technologies still decided to go public in the midst of a government shutdown that started at the beginning of October, while the Secur
Hardware
SK Hynix hits record breaking profit for a successful Q3
SK Hynix shares jumped 5.2% by 2:50 pm AEDT (3:50 am GMT) after the heavyweight chipmaker posted record revenue and profit in its third-quarter earnings report. Revenue rose about 39% in the September quarter compared with the same time last year, landing at 24.73 trillion won, and operating profit climbed to 11.39 trillion won. On a quarterly basis, revenue was up 10%, while operating profit grew 24%.Credit: SK Hynix newsroomThe South Korean company, which makes memory chips used to store data, has seen an increase due to the growing demand in the AI memory market. SK Hynix's planned supply of memory products for next year has already sold out, with the company looking to expand production capacity. “With the innovation of AI technology, the memory market has shifted to a new paradigm and demand has begun to spread to all product areas,” said Kim Woohyun, the company's Chief Financial Officer. “We will continue to strengthen our AI memory leadership by responding to customer demand through market-leading products and differentiated technological capabilities.”
Hardware
TSMC posts record profit, lifts outlook on AI demand
Taiwan Semiconductor Manufacturing Co. (TSMC) has reported record earnings for the third quarter of 2025 (Q3 FY25) and upgraded its full-year revenue forecast on the back of surging demand for computer chips powering the artificial intelligence (AI) revolution. The world’s largest contract chipmaker said net income jumped 39.1% to NT$452.30 billion (US$14.75 billion) on revenue which climbed 30.3% to NT$989.92 billion (US$33.10 billion) in the quarter ending 30 September. “Our business in the third quarter was supported by strong demand for our leading-edge process technologies,” TSMC’s Chief Financial Officer Wendell Huang said in a media release. “Moving into fourth quarter 2025, we expect our business to be supported by continued strong demand for our leading-edge process technologies.”Source: TSMCTSMC raised its 2025 revenue growth forecast in U.S. dollar terms to the mid-30% range due to stronger-than-expected AI demand. “AI demand actually continues to be very strong — more strong than we thought three months ago,” CEO C.C. Wei told analysts on the earnings call. In Q4 the company expected revenue to be between US$32.2 billion and US$33.4 billion, the gross profit margin to be between 59% and 61% and the opera
Hardware
ASML sales dip, expects drop in China demand
Semiconductor equipment company ASML saw a decline in sales and income last quarter, but has forecast 2026 total net sales will not be below 2025’s despite a likely fall in demand in China. Net sales were EU€7.52 billion (US$8.74 billion), down from €7.69 billion year-over-year and below LSEG estimates of $7.79 billion. Net income was $2.13 billion, falling from €2.29 billion but above estimates of $2.11 billion. “Our third-quarter total net sales of €7.5 billion and gross margin of 51.6% were in line with our guidance, reflecting a good quarter for ASML,” said ASML CEO Christophe Fouquet. Lithography chipmaking systems have developed positively as extreme ultraviolet lithography technologies are adopted, said Fouquet, and companies’ investments in artificial intelligence have remained strong. “On the other hand, we expect China customer demand, and therefore our China total net sales in 2026, to decline significantly compared to our very strong business there in 2024 and 2025.” The company projects a net sales increase of around 15% across 2025, and does not expect 2026’s sales to be below 2025’s. It predicts fourth quarter sales will be €9.2-9.8 billion. ASML will not be able to sell its most advanced systems i