Stock Market News for October 28, 2026

At a glance

On October 28, 2026, KLA reported fiscal Q1 revenue of $4.14 billion and expects fiscal Q2 revenue of $4.7 billion; Nextpower posted record Q2 revenue of $1,109 million and completed a ~€230 million acquisition; ServiceNow reported Q3 revenue of $4,106 million and raised its AI ACV target to $1.7 billion.

Earnings and guidance

KLA (KLAC) reports fiscal 2027 first quarter results revenue of $4.14 billion and said it expects fiscal second-quarter revenue of $4.7 billion.

Nextpower (NXT) reports Q2 fiscal year 2027 financial results with record revenue of $1,109 million, GAAP net income of $165 million and adjusted EBITDA of $250 million.

ServiceNow (NOW) reports third quarter 2026 financial results revenue of $4,106 million, subscription revenue of $3,988 million and raised its 2026 AI annual contract value target to $1.7 billion.

Fortinet (FTNT) reports strong third quarter 2026 financial results revenue of $2.08 billion, GAAP diluted EPS of $0.86 and increased its share repurchase authorization by $1.2 billion, leaving $2 billion available.

Sterling Infrastructure (STRL) reports record third quarter results and raises guidance revenue of $1.56 billion, net income of $214.9 million and signed backlog of $4.14 billion.

Vertiv Holdings (VRT) reports strong third quarter 2026 net sales of $4,313 million, operating profit of $984 million and raised its full-year 2026 guidance across key metrics.

Carvana (CVNA) announces record third quarter 2026 results revenue of $8.040 billion, net income of $483 million and record adjusted EBITDA of $800 million.

Garmin (GRMN) announces third quarter 2026 results record revenue of $1.99 billion, operating income of $612 million and raised its full-year outlook.

Chipotle Mexican Grill (CMG) announces third quarter 2026 results revenue of $3.3 billion, comparable restaurant sales up 2.1% and net income of $339.9 million.

Flex (FLEX) reports second quarter fiscal 2027 results net sales of $8.5 billion, GAAP EPS of $0.70 and raised fiscal 2027 sales guidance to $34.9 billion–$35.9 billion.

Gen Digital (GEN) delivers another double-digit growth quarter and raises FY27 outlook revenue of $1.369 billion, GAAP diluted EPS of $0.48 and raised full-year non-GAAP revenue and EPS targets.

Tenable Holdings (TENB) announces third quarter 2026 financial results revenue of $276.4 million, GAAP net income of $11.3 million and said it closed an $800 million financing.

Financings and offerings

AXT (AXTI) announces private equity financing for subsidiary Tongmei definitive agreements for Tongmei to raise up to approximately US$545 million in private equity financing, expected to close in December 2026 subject to governmental filings and other conditions.

Dividends and capital returns

Universal Display (OLED) announces quarterly cash dividend approved a fourth-quarter cash dividend of $0.50 per share, payable December 31, 2026, to shareholders of record on December 17, 2026.

Drug trials and approvals

Coherus Oncology (CHRS) announces interim clinical data for tagmokitug reported a 75% confirmed response rate (6/8) in evaluable first-line esophageal squamous cell carcinoma patients at the October 14, 2026 cutoff and 89% (8/9) afterward.

Strategic processes and other notable news

TransCode Therapeutics (RNAZ) retains Tungsten Advisors to lead a formal strategic process to evaluate asset licensing, sales, partnerships or business combinations for its oncology portfolio, including TTX-MC138.