Netflix reported third-quarter revenue of $12.87 billion, up from $11.51 billion a year earlier, and cut its 2026 advertising revenue forecast to about $2.7 billion from about $3 billion. Earnings per share were 87 cents versus the 82 cents analysts expected, and shares fell about 6% in extended trading, CNBC reported.
An earlier version said Netflix shares fell about 4% in extended trading. CNBC's updated report says shares fell about 6%. The figure has been corrected.
It did not detail specific monetization changes.
Netflix accounted for 7.8 percent of U.S. viewing time in July, down one percentage point from the prior year.
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Netflix is laying off roughly 6% of its staff, about 1,000 jobs, its biggest cuts since 2022. A memo from co-CEOs Ted Sarandos and Greg Peters says product, tech, legal and HR teams will be hit hardest.
Netflix has applied generative AI workflows to roughly 300 titles in 2026 so far, with the heaviest use in post-production. The update underscores the company's push toward faster, lower-cost production methods while still relying on human refinement.
SpaceX reported Q3 2026 revenue of $14.6 billion, up 161% from a year earlier, and net income of $4.4 billion. On its earnings webcast, CFO Bret Johnsen said SpaceX expects Q1 2027 revenue of $33 billion to $37 billion, and CEO Elon Musk said SpaceX will try to catch Starship on Flight 15 next month.
SpaceX reported Q2 revenue of $7.8 billion, up 92 percent year-over-year, with its former xAI division driving growth through cloud deals while posting a reported 2,013 percent surge in AI-segment capital expenditure to $15.8 billion (about $18.4 billion company-wide). The results offer the first public window into the economics of an AI-scale operation, highlighting both revenue gains and massive infrastructure costs.
TSMC posted a 77.4% year-on-year profit increase to NT$706.56 billion and raised its capital spending outlook while announcing another $100 billion for Arizona fabs. The results underscore sustained AI demand that now dominates 66% of its platform revenue.
