Super Micro lifts quarterly revenue outlook above Wall Street estimates
The server maker also raised its gross margin forecast to 12% to 12.5%, citing its customer and product mix.
Netflix forecasts profit below estimates, shares fall more than 5%
The streaming company also lowered its 2026 advertising outlook after some ad features took longer than expected to roll out.
Netflix projected fourth-quarter profit below analysts’ expectations on October 20, following job cuts and changes to its programming leadership. It expects net income of $2.79 billion, or 67 cents per share, compared with average analyst estimates of $3.07 billion and 73 cents. Its shares dropped more than 5% to $68.69 in after-hours trading.
Revenue for the third quarter reached $12.87 billion, an 11.8% increase that matched Wall Street expectations but marked its slowest growth in nearly three years. Earnings of 87 cents per share exceeded the 82-cent average estimate among analysts surveyed by LSEG.
Netflix cut its forecast for 2026 advertising revenue to roughly $2.7 billion from about $3 billion. Executives said in a shareholder letter that the rollout of some advertising capabilities had taken slightly longer than anticipated.
The company recently eliminated 1,000 jobs, about 6% of its workforce. It also replaced Chief Creative Officer Bela Bajaria and announced the departure of film chief Dan Lin.
Netflix said it plans to license more third-party programming while concentrating on its core television, film and live-event streaming service. Executives said investment in original shows would aim to attract members and make the service essential to viewers. The company has also invested in games, podcasts and live events as it competes with YouTube and TikTok for viewing time.
Analytics firm Antenna recorded net U.S. subscriber losses in every month of 2026 through September. Its data draw on sources including credit card transactions and exclude subscriptions obtained through wholesale bundles. A Netflix spokesperson disputed whether the figures reflected the company’s business performance.