Revenue rose 36.8% year on year in the third quarter of 2026, but net profit fell 5% quarter on quarter. Nomura Orient International cut its earnings forecast for the year while raising its 2027–2028 forecasts, betting on higher release-film volumes and economies of scale.
JCET’s third-quarter revenue reached a quarterly record, and the company raised its full-year investment budget by 65%. JPMorgan is optimistic about AI-related orders and product upgrades, while cutting its 2027–2028 earnings forecasts because of additional depreciation.
In the third quarter of 2026, Bestechnic’s revenue recovered quarter on quarter, but net profit fell sharply both year on year and quarter on quarter. Nomura Orient International cut its earnings forecasts and is watching customer adoption and mass-production progress for the BES6100 smart glasses chip.
Third-quarter sales declines widened and expenses rose. Although wholesale prices recovered, holiday retail sell-through remained weak. JPMorgan expects continued profit pressure in the fourth quarter and believes dividends and buybacks are insufficient to offset earnings risks.
Third-quarter revenue fell 45%–50% year over year, below JPMorgan’s previous forecast. The bank lowered its full-year earnings forecast and is watching overseas store expansion costs and the company’s ability to deliver follow-on hit IP.
In the first three quarters of 2026, semiconductors and electronic materials accounted for more than 40% of Injet Electric’s revenue, while new orders rose 169.24% year over year. Materials orders grew the fastest, and the company expects order growth to drive a subsequent increase in revenue.
TUC’s third-quarter gross margin rose to 36.9%, above the Bloomberg consensus. Nomura expects price increases to continue driving profit growth, but has also lowered its valuation multiple because of uncertainty surrounding a key AI customer’s next-generation project.
Third-quarter revenue rose 46% year on year, but the more significant new development is management’s expectation that fourth-quarter interconnect chip revenue growth will rise to about 103% year on year. Bernstein raised its full-year revenue forecast and sees further demand from upgrades to server memory channels.
Third-quarter data center revenue and gross margin exceeded market expectations, but weakening PC demand and inventory adjustments weighed on the fourth-quarter outlook. Bernstein says PC headwinds are more severe than previously expected.
AWS grew 39% year over year in the third quarter, and management expects growth to remain above 40% through 2028; however, advertising growth slowed to 11%, and the midpoint of fourth-quarter operating profit guidance was below market expectations.
Semiconductor and battery businesses drove OPT’s third-quarter revenue up 46% year over year, but revenue and profit declined quarter over quarter. BofA raised its price target to 97 yuan and remains focused on the near-term margin pressure from expansion into new businesses.
Nomura expects high-end copper-clad laminate prices to rise 10%–20% in the fourth quarter of 2026 and is positive on material upgrades for AI platforms; capacity plans extend to 2030, though some projects have been delayed.
Goldman Sachs believes earnings growth and easing inflation can still support equities, but high valuations, technology stock concentration and interest-rate shocks make diversification more important. The bank is overweight equities and government bonds and underweight credit over the next 12 months.
Third-quarter orders and the backlog awaiting installation reached records, and Equinix raised its full-year guidance for the third consecutive time. Bernstein is optimistic about renewal price increases and expansion, but the cost of new debt exceeds the interest rate on existing borrowings.
Alphabet’s quarterly free cash flow was negative for the second consecutive time; Microsoft lowered its 2026 capital expenditure guidance but expects spending to exceed 50 billion dollars in the next fiscal quarter. Nomura believes attention will shift to financial capacity and progress in AI monetization.
Changjiang Securities sees valuation recovery opportunities in Chongqing Rural Commercial Bank, China Merchants Bank and Bank of Nanjing; Zhongtai Securities is watching revenue growth from Bank of Suzhou’s balance sheet expansion, while its net interest margin and profit growth remain under pressure.
Third-quarter sales volume rose 7% quarter on quarter and the average selling price increased 9%, lifting the gross margin to 36%; management raised its 2027 sales guidance from 20 billion square meters to 22 billion square meters.
Oracle expects to need approximately 20 billion dollars in additional financing for the FY26 to FY30 investment cycle and to generate approximately 30 billion dollars in free cash flow in FY29. Citi believes AI application adoption and data center expansion have strengthened the growth outlook.
Growth in new energy vehicle gears and robotics prompted Bank of America to raise its revenue forecasts, but larger-than-expected foreign-exchange losses left third-quarter net profit attributable to shareholders below the bank’s forecast. Bank of America raised its price target from 45 yuan to 47 yuan and reiterated its Buy rating.
Revenue rose 33% year over year in the third quarter of 2026, while net profit fell 94%. JPMorgan believes demand remains resilient, but memory costs and competition are eroding the gross profit generated by growth.
