Strong Q3 Earnings Wave Amid Market Selloff
Despite the broad tech selloff, multiple companies reported blowout Q3 results: Bloom Energy surged on +138% revenue growth, Western Digital beat by ~6%, and MaxLinear's infrastructure segment grew 210% YoY.
What we know
An account on X reported Bloom Energy ($BE) with revenue $1.24B vs $1.05B estimate (+138% YoY), raising FY26 guidance. Another account on X also flagged Western Digital ($WDC) at $4.38B revenue (+55% YoY, EPS +161%) with Q2 guide well above consensus. MaxLinear ($MXL) posted infrastructure growth of +210% YoY. TTM Technologies ($TTMI) revenue +60% and EPS +118% — another account on X. Comfort Systems ($FIX) saw backlog grow 90% to $17.81B — another account on X. Newmont beat on revenue but missed free cash flow estimates — another account on X. The divergence between individual earnings strength and the index-level selloff was noted by several traders.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.