Horizon Aircraft (NASDAQ:HOVR) reported second-quarter fiscal 2026 results Wednesday, detailing an aggressive scaling plan for its flagship hybrid-electric VTOL, the Cavorite X7.
Infosys (NYSE:INFY) raised its full-year revenue forecast on Wednesday after reporting third-quarter results that surpassed Wall Street expectations, signaling a resilient recovery in enterprise technology spending.
The Bangalore-based outsourcing giant now expects revenue to grow between 3% and 3.5% for the fiscal year ending March 2026, up from its previous projection of 2% to 3%.
For the quarter ended December 31, 2025, Infosys reported net profit of $747 million, or 18 cents per share.
On an adjusted basis, earnings reached 21 cents per share, topping the 20-cent average estimate from analysts surveyed by Zacks Investment Research.
Revenue rose to $5.1 billion, exceeding the $5.08 billion forecast by the Street.
The upgraded guidance reflects a surge in demand for the company’s "AI-first" services, specifically its Topaz generative AI platform.
Infosys reported a large deal total contract value (TCV) of $4.8 billion for the quarter, with "net new" deals accounting for 57% of that figure.
Despite seasonal headwinds like winter furloughs in the U.S. and Europe, the company managed to maintain stable operating margins between 20% and 22%.
The results come as a relief to the broader Indian IT sector, which has faced concerns over sluggish discretionary spending.
While profit dipped 2% year-over-year in rupee terms due to the impact of new labor codes in India, the sequential improvement in margins and the volume of new deals suggest that the sector’s "winter of discontent" may be thawing.
Beam Global (NASDAQ:BEEM) delivered its strongest quarterly performance since late 2024 on Wednesday, signaling a successful pivot away from a reliance on U.S. government contracts that have stalled under the current administration’s shift in EV policy.
Xpeng (NYSE:XPEV) has set an internal delivery target of up to 600,000 vehicles for 2026, according to people familiar with the matter, as the Volkswagen-backed automaker transitions from a traditional car manufacturer into a "physical AI" powerhouse.
The U.S. Department of Commerce officially relaxed export restrictions on advanced semiconductors Tuesday, opening a regulated pathway for Nvidia Corp. (NASDAQ:AMD) and AMD (NASDAQ:AMD) to resume sales of high-performance AI chips to China.
Pearson (NYSE:PSO) reported that its strategic pivot toward digital-first education is yielding high-margin results, with fourth-quarter sales growth doubling the annual rate.
The London-based education giant guided fiscal-year 2025 adjusted operating profit to between £610 million and £615 million, representing a roughly 6% underlying increase that sits at the top end of analyst expectations.
The Pentagon has outlined plans to make AI central to US military and space operations despite criticism over safety risks.
Curtis Yarvin says sustained prompting can push AI chatbots to echo a user’s political worldview.
SemiLEDs Corporation (NASDAQ:LEDS) reported a sharp sequential decline in revenue for its first fiscal quarter of 2026 on Wednesday, as the Hsinchu-based chipmaker moved past a period of high-volume equipment sales that had temporarily inflated its top line.
Energous Corporation (NASDAQ:WATT), a pioneer in over-the-air (OTA) wireless power networks, announced preliminary results for fiscal year 2025 on Tuesday, highlighting a dramatic expansion in commercial adoption.
Meta Platforms (NASDAQ:META) and EssilorLuxottica are in discussions to double their production capacity for AI-powered smart glasses to 20 million units annually by the end of 2025, according to people familiar with the matter.
Sono-Tek Corporation (NASDAQ:SOTK) reported a significant jump in profitability for its third fiscal quarter, as a strategic pivot toward complex, high-value coating systems offset a slight dip in overall revenue.
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