Sanmina Revenue Surges 79% on AI Demand, AAON Jumps 23% on Record Sales, Hims Falls 18% on Weak Outlook

Mumbai, 10 November 2026: Companies across sectors made several key announcements, with developments ranging from major acquisitions and strategic investments to financial results, new contracts and business expansion plans. These updates brought companies into focus in the stock market, as investors tracked their potential business impact and responded to company-specific news. While some announcements highlighted growth opportunities and stronger performance, others pointed to challenges and changing business outlooks. Here is a look at the major corporate developments making headlines.

Sanmina Shares Rise 4.35% as FY2026 Revenue Jumps 79% Year-on-Year

Sanmina Corporation reported record fiscal 2026 revenue of $14.53 billion, marking a 79% year-on-year increase and exceeding the upper end of its July outlook by $225 million. The company’s fourth-quarter revenue reached $3.86 billion, up 84% from the corresponding period last year, supported by growth across its core business and ZT Systems operations.

Core Sanmina revenue increased 42% year-on-year to $2.97 billion in Q4 FY2026, while ZT Systems contributed $884 million. For the full financial year, core Sanmina revenue grew 18.3%, while ZT Systems generated $5.4 billion in annualised revenue.

The company’s non-GAAP diluted earnings per share (EPS) rose 120% to $13.28 in FY2026, exceeding its July guidance by $1.08. Fourth-quarter diluted EPS increased 166% year-on-year to $4.43. Full-year non-GAAP operating margin expanded to 7.4% from 5.7% in the previous year.

Cloud and AI infrastructure revenue climbed 179% to $2.37 billion in Q4 and reached $9.25 billion for FY2026, up 198%. Sanmina forecast FY2027 revenue of $17.5 billion to $19.5 billion, with diluted EPS of $15.50 to $17.50. It expects cloud and AI systems revenue of $7.5 billion to $9 billion. The company cited programme and supply chain uncertainties behind outlook. Inventory rose 131% to $2.6 billion, while inventory turns declined to 5.2 times from 6.7 times.

Sanmina shares were trading at $156.15, up $6.51 or 4.35% from the previous close of $149.64, as of 11:01:58 a.m. EST on November 10, 2026. The stock opened at $164.95 and recorded a high of $167.96 and a low of $153.51 so far.

AAON Shares Surge 23.07% as Record Q3 Sales Prompt Higher 2026 Guidance

AAON Inc. reported record third-quarter net sales of $707.4 million in 2026, an 84.1% increase year-on-year that exceeded analyst expectations of $599.7 million. Adjusted diluted earnings per share (EPS) more than doubled to $0.83, against the consensus estimate of $0.56. Operating income rose 129.3% to $100 million, while gross profit increased 76.4% to $188.5 million. Gross margin was 26.7%, down 110 basis points year-on-year but up 60 basis points sequentially.

Growth reflected stronger demand across the company’s AAON and BASX product lines, higher manufacturing output and improved utilisation of expanded production capacity. AAON-branded sales increased 19.6% to $310.2 million, while BASX-branded revenue surged 218.3% to $397.2 million, supported by demand for cooling and environmental control equipment used in data centres. Total backlog reached approximately $1.9 billion, up 40.5% year-on-year.

AAON raised its full-year 2026 sales growth forecast to 72%-75%, from its earlier range of 55%-60%. It expects gross margin of about 26% and selling, general and administrative expenses at approximately 13% of sales. Operating cash flow for the first nine months of 2026 improved to $146.9 million, compared with an outflow of $18.8 million in the year-ago period.

The company also restated its first-half 2026 results after identifying accounting errors, increasing previously reported revenue by $10.7 million and diluted EPS by $0.09. It disclosed a material weakness in internal controls over financial reporting and said it was taking steps to address the deficiencies.

Year-to-date capital expenditure was $147 million, while debt stood at $387 million and leverage improved to 1.0 times.

AAON shares were up 23.07% in Tuesday’s trading, according to the supplied market quote. A separate share-price figure, timestamp, opening price and session range were not provided for AAON.

Also Read: What Is the New York Stock Exchange (NYSE)?

Hims & Hers Shares Sink 17.83% as Q4 Revenue Forecast Misses Estimates

Hims & Hers Health Inc. reported third-quarter 2026 revenue of $890.4 million, up 49% year-on-year, broadly in line with analyst expectations. However, the telehealth company’s profitability weakened, with gross margin declining to 57% from 74% a year earlier. The company also reported a net loss of $33 million, compared with a profit of $15.8 million in the corresponding quarter last year. Adjusted EBITDA increased to $82.4 million from $78.4 million, but its margin narrowed to 9% from 13%.

Subscriber numbers increased 13% year-on-year to approximately 2.8 million but declined by around 103,000 from the previous quarter. Monthly revenue per average subscriber rose 30% to $105. International revenue surged 321% to $233.3 million, while US revenue increased 21% to $657.1 million.

The company’s fourth-quarter revenue forecast of $875 million to $895 million fell short of analysts’ expectations of $955.1 million. Hims & Hers also reduced its full-year 2026 adjusted EBITDA guidance to $257 million-$277 million. Its annual revenue forecast was narrowed to $3.13 billion-$3.15 billion. Management cited strategic pricing and marketing decisions, deferred membership revenue and reduced US weight-loss marketing as factors affecting its outlook.

The company attributed subscriber pressure partly to its decision to scale back weight-loss marketing while preparing to expand its treatment offerings through pharmaceutical partnerships. CEO Andrew Dudum said the company was willing to accept near-term subscriber losses to strengthen its longer-term position. The company also reported operating cash flow of $65.4 million and free cash flow of $26 million during the quarter.

Hims & Hers shares were trading at $18.85, down $4.09 or 17.83% from the previous close of $22.94, as of 11:35:17 a.m. EST on November 10, 2026. The stock opened at $22.12 and recorded a high of $22.47 and a low of $18.80 during the session.

Babcock & Wilcox Shares Rise 16.08% as Q3 Revenue Jumps 109% Year-on-Year

Babcock & Wilcox Enterprises (NYSE: BW) reported third-quarter 2026 revenue of $290.8 million, up 109% from $139.2 million in the same period last year. The increase was primarily driven by higher large-project volumes, including $77.8 million from Base Electron.

Net income reached $93.9 million, compared with $35.1 million a year earlier. However, the latest quarter’s figure included an $85.1 million benefit from changes in the fair value of customer warrants. Adjusted net income, which excludes non-cash warrant and other stock-related valuation effects, was $4.8 million.

Earnings per share rose to $0.61 from $0.30 in the third quarter of 2025. Adjusted EBITDA increased 88% to $17.7 million from $9.4 million, while operating income climbed to $13.8 million from $3.4 million.

Bookings more than doubled year-on-year to $228 million, while the company’s backlog grew 571% to $2.5 billion. B&W also reported a global pipeline exceeding $16 billion, including more than 6 gigawatts of potential new power-generation opportunities involving utilities, industrial customers and data centres.

The company reiterated its 2026 adjusted EBITDA target of $80 million to $105 million and introduced a 2027 target range of $125 million to $140 million. During the quarter, it repurchased $38 million in shares and fully redeemed approximately $61.8 million of outstanding 6.5% bonds due in December 2026.

At September 30, B&W had $128.9 million in cash, cash equivalents and restricted cash, alongside $166.4 million in secured debt and bonds.

BW shares were trading at $4.40, up 16.08% from the previous close of $3.79, as of 11:48:32 a.m. EST on November 10, 2026. The stock opened at $3.795 and traded between $3.60 and $4.62 during the session.

Take-Two Shares Gain 6.79% as Q2 Net Bookings Reach $1.60 Billion

Take-Two Interactive Software (NASDAQ: TTWO) reported fiscal second-quarter 2027 net bookings of $1.60 billion for the three months ended September 30, 2026, down 18% from $1.96 billion in the same period last year. GAAP net revenue declined to $1.50 billion from $1.77 billion.

Recurrent consumer spending, which includes virtual currency, add-on content, in-game purchases and advertising, fell 9% year-on-year and accounted for 81% of total net bookings. The company’s leading contributors included NBA 2K, the Grand Theft Auto series, Toon Blast, Match Factory!, Empires & Puzzles and the Borderlands franchise.

Take-Two reported a GAAP net loss of $54 million, or $0.29 per share, compared with a loss of $133.9 million, or $0.73 per share, a year earlier.

The company reiterated its fiscal 2027 net bookings outlook of $8 billion to $8.2 billion. It expects full-year net revenue of $7.98 billion to $8.18 billion and EBITDA of $1.02 billion to $1.08 billion.

For the fiscal third quarter ending December 31, 2026, Take-Two expects net bookings of $3.35 billion to $3.50 billion, net revenue of $3.27 billion to $3.42 billion, and net income of $250 million to $276 million.

CEO Strauss Zelnick said the company expects an important year, with the launch of Grand Theft Auto VI scheduled for November 19, 2026. He also cited strong pre-order demand for the upcoming title.

TTWO shares traded at $221.49, up 6.79% from the previous close of $207.40, as of 11:50:36 a.m. EST on November 10, 2026. The stock opened at $218.18 and recorded a session high of $229.46 and a low of $214.29.

Also Read: How to invest in US stocks

D-Wave Shares Drop 11.38% as Q3 EPS Miss Overshadows Revenue Growth

D-Wave Quantum (NYSE: QBTS) reported third-quarter 2026 revenue of $4.51 million, up 21% year-on-year and above analyst expectations of $4.36 million. However, its adjusted loss per share of $0.13 was wider than the expected loss of $0.10, missing estimates by $0.03.

Revenue growth was supported by higher sales across its quantum computing services and professional services businesses. QCaaS subscription revenue increased 56% to $2.2 million, while professional services revenue surged 318% to $2 million. Systems and other revenue contributed approximately $360,000.

Commercial enterprise customers accounted for 52% of quarterly revenue, compared with 31% in the same period last year. The company recognised revenue from more than 100 customers during the quarter. However, quarterly bookings declined 19% year-on-year to $1.9 million. For the first nine months of 2026, bookings reached $37.4 million, up 611%, supported partly by a $20 million system sale to Florida Atlantic University.

GAAP gross profit fell 11% to $2.4 million, while gross margin declined 18.5 percentage points to 52.9%. Operating expenses increased 84% to $55.9 million. D-Wave reported a net loss of $48.2 million, or $0.13 per share. Its cash and marketable securities totalled $503.4 million as of September 30.

Management expects all revenue streams, including system sales, QCaaS and professional services, to grow in 2027. It also highlighted progress on its annealing and gate-model quantum computing platforms.

QBTS shares traded at $10.16, down 11.38% from the previous close of $11.47, as of 11:56:58 a.m. EST on November 10, 2026. The stock opened at $11.06 and recorded a session high of $11.40 and a low of $10.11.

Rigetti Shares Fall 5.89% as Investors Await Q3 Results and Quantum Deals

Rigetti Computing (NASDAQ: RGTI) shares declined in Tuesday’s trading as investors awaited the company’s third-quarter 2026 results, scheduled for release after market close. Analysts expect an adjusted loss of $0.05 per share on revenue of $3.67 million.

The projected revenue would represent a 28% decline from the $5.13 million reported in the second quarter. However, it would mark a 93% increase compared with the same period last year, reflecting growing interest in superconducting quantum processors. Analysts expect the loss per share to remain broadly unchanged from the previous quarter.

Revenue estimates have fallen 4.3% over the past 60 days, while earnings estimates have remained steady. This reflects uncertainty around the timing of high-value system deliveries, which can make quarterly revenue uneven.

Investors will look for updates on Rigetti’s government partnerships and commercial deployment pipeline. The company has announced a potential award of up to $100 million from the US Department of Commerce for quantum research and development. It also plans to invest $100 million in the UK to deploy a 1,000-qubit system and is collaborating with Hewlett Packard Enterprise and the Pittsburgh Supercomputing Center on a hybrid quantum-classical supercomputer.

In the second quarter, Rigetti reported revenue of $5.13 million and a loss of $0.05 per share, meeting analyst expectations. It also highlighted the deployment of its 108-qubit Cepheus-1-108Q system, which it describes as its largest modular quantum computer.

Analysts remain divided but broadly positive, with nine buy ratings among 13 analyst recommendations and a mean price target of $26.69. B. Riley maintained its buy rating but reduced its target to $25 from $35.

RGTI shares traded at $12.22, down 5.89% from the previous close of $12.98, as of 11:59:18 a.m. EST on November 10, 2026. The stock opened at $12.58 and recorded a session high of $12.90 and a low of $12.15.

LCI Shares Fall 2.61% as Board Rejects Monomoy’s Revised $104.50 Offer

LCI Industries (NYSE: LCII) announced that its board unanimously rejected a revised acquisition proposal from Monomoy Capital Partners, which offered $104.50 per share in cash. The board determined that the proposal was not superior to its pending merger agreement with Patrick Industries (NASDAQ: PATK).

Monomoy submitted the revised offer on Friday, increasing its previous proposal by 3.5%. However, LCI said its updated long-range plan supports a midpoint discounted cash flow valuation exceeding $150 per share. The plan assumes average wholesale shipments of approximately 308,000 units, between 11% and 29% below historical averages over the past 10 to 30 years.

The revised offer values LCI at approximately 7.2 times its next-twelve-month EBITDA, around 1.3 times below the company’s three-year average trading multiple. It also represents a premium of approximately 4% to LCI’s closing share price on June 29, 2026, before the Patrick merger was announced.

LCI’s board highlighted the expected benefits of the Patrick transaction, including approximately $150 million in annualised net cost synergies within three years of closing. The combined company’s pro forma net leverage, excluding synergies, also declined from 2.4 times at March 31, 2026, to 2.2 times at September 30.

Proxy advisory firms Institutional Shareholder Services and Glass Lewis have recommended that shareholders vote in favour of the Patrick merger. A special shareholder meeting is scheduled for Monday.

The companies remain on track to complete the transaction in the first half of 2027, subject to shareholder and regulatory approvals and customary closing conditions.

LCII shares traded at $98.48, down 2.61% from the previous close of $101.11, as of 12:01:51 p.m. EST on November 10, 2026. The stock opened at $100.57 and recorded a session high of $100.73 and a low of $97.83.

Diamondback Shares Rise 0.56% as KKR Joins Deep Blue Acquisition

Diamondback Energy (NASDAQ: FANG) and investment firm KKR have agreed to jointly acquire Five Point Infrastructure’s 70% stake in Deep Blue Midland Basin LLC, a water infrastructure platform operating in the Midland Basin. Following the transaction, Diamondback and KKR will jointly own the entire business, building on Diamondback’s existing 30% interest.

Formed in 2023 as a joint venture between Diamondback and Five Point, Deep Blue operates a network providing water sourcing, transportation, storage, recycling and disposal services. These operations support oil and gas production in the Midland Basin.

Diamondback CEO Kaes Van’t Hof said the Deep Blue system is important to the company’s core operations, which require reliable transportation of nearly 2 million barrels of water per day.

KKR Partner James Cunningham said the firm sees opportunities to address the region’s growing water infrastructure requirements. He also described the investment as an initial step towards developing a broader relationship with Diamondback.

KKR’s investment will be funded primarily through its KKR Global Infrastructure Investors V fund. The companies expect the transaction to close in the fourth quarter of 2026, subject to customary regulatory approvals and closing conditions.

The acquisition expands Diamondback’s ownership of infrastructure that supports its Permian Basin operations in West Texas. Deep Blue’s services cover several stages of water management, an important requirement for the company’s oil and natural gas activities.

FANG shares traded at $179.16, up 0.56% from the previous close of $178.17, as of 12:03:04 p.m. EST on November 10, 2026. The stock opened at $175.17 and recorded a session high of $180.28 and a low of $172.19. Diamondback also announced a cash dividend of $1.18 per share, with an ex-dividend date of November 12, 2026.

Also Read: US Stock Market Timings 

BioNTech Agrees to $205 Million Voucher Deal; Shares Decline 0.86%

BioNTech SE has agreed to acquire a Rare Pediatric Disease Priority Review Voucher (PRV) from Scholar Rock Holding for $205 million, aiming to accelerate the development of its oncology pipeline. The agreement was announced on Tuesday, November 10, 2026.

The voucher allows its holder to request an expedited review of a single marketing application by the US Food and Drug Administration (FDA), reducing the regulatory review timeline. BioNTech plans to use it to support a future regulatory filing for one of its late-stage oncology pipeline candidates, according to the company.

Scholar Rock received the PRV following FDA approval of Isembyld, its treatment for spinal muscular atrophy (SMA), a rare genetic disorder that causes muscle weakness. The Cambridge, Massachusetts-based biotechnology company secured the approval in September 2026.

Separately, Scholar Rock reported better-than-expected third-quarter 2026 financial results on Tuesday. The company recorded $0.6 million in net product revenue from US sales of Isembyld following its September approval.

BioNTech shares were trading at $86.76, down 0.86% from the previous close of $87.51, as of 11:37:05 AM EST on November 10, 2026. The stock opened at $87.30 and recorded a high of $88.08 and a low of $86.65 during the session.

IsoEnergy Shares Fall 9.25% After Agreeing to Acquire 13.64 Million Premier American Uranium Shares

IsoEnergy Ltd. has agreed to acquire 13,642,775 common shares of Premier American Uranium Inc. from Sachem Cove Opportunity Fund LP in exchange for 387,491 IsoEnergy common shares, according to a November 10, 2026, press release.

The IsoEnergy shares were issued at a deemed price of $11.763 each, representing total consideration of $4,558,057. The transaction remains subject to customary closing conditions, including approval from the Toronto Stock Exchange. Premier American Uranium will not issue new securities or receive any proceeds from the deal.

Before the transaction, IsoEnergy held 7,493,601 Premier American Uranium shares and warrants to acquire another 3,060,127 shares. This represented approximately 7.8% ownership on a non-diluted basis and 10.7% on a partially diluted basis.

Upon completion, IsoEnergy’s holding will increase to 21,136,376 shares, alongside warrants for 3,060,127 additional shares. Its ownership will consequently rise to approximately 22.1% on a non-diluted basis and 24.5% on a partially diluted basis.

The transaction follows Premier American Uranium’s completion of a $5 million strategic investment by DISA Uranium Corporation through subscription receipts priced at C$0.75 each.

IsoEnergy shares were trading at $8.14, down 9.25% from the previous close of $8.97, as of 11:28 AM EST on November 10, 2026. The stock opened at $8.86 and recorded a high of $8.72 and a low of $8.02 during the session.

Anthropic Targets $1.4 Trillion IPO Valuation, Seeking Up to $90.4 Billion

Anthropic is targeting a valuation of up to $1.4 trillion through its initial public offering (IPO), marking a major test of investor appetite for artificial intelligence (AI) companies. According to its updated prospectus filed on November 10, 2026, the AI company and some existing shareholders plan to raise up to $64.4 billion by offering 825 million shares at $70 to $78 apiece.

The company will also raise $26 billion through a separate private placement involving cornerstone investors, including Google, Nvidia and Advanced Micro Devices (AMD). Together, the offerings could raise up to $90.4 billion. At the top of the IPO price range, its valuation would reach approximately $1.4 trillion on a fully diluted basis and $1 trillion excluding stock options and restricted shares.

The revised terms indicate a lower fundraising target than the preliminary proposal of up to $69.3 billion. Investor expectations have also moderated from earlier discussions of a $2 trillion valuation amid concerns about infrastructure spending, borrowing costs and volatility in AI-related stocks.

Anthropic reported a run-rate revenue of approximately $81 billion as of October 31, 2026, up $10 billion from September 30. However, its prospectus highlighted risks involving substantial computing commitments, competition and AI safety regulations. The company has nearly $900 billion in computing commitments with partners, including Amazon and Google.

The shares are expected to list on the Nasdaq under the ticker symbol ANT, with Goldman Sachs and Morgan Stanley leading the offering.

First Advantage, SmartStop and Aptera Announce Share Offerings; Stocks Decline Up to 29%

Three US-listed companies announced share offerings on November 10, 2026, with First Advantage Corporation, SmartStop Self Storage REIT and Aptera Motors Corp. outlining separate fundraising transactions.

First Advantage announced that investment funds affiliated with Silver Lake Group will sell 15 million existing shares at $21.80 apiece through a secondary offering. The transaction will generate approximately $327 million for the selling shareholder, while First Advantage will not sell shares or receive any proceeds. The offering is expected to close on November 12, with Barclays Capital and J.P. Morgan Securities acting as underwriters. First Advantage shares were trading at $21.19, down 9.93% from the previous close of $23.52, as of 22:46:30 GMT on November 10. The stock opened at $21.24 and recorded a session high of $21.50 and a low of $21.00.

Meanwhile, SmartStop Self Storage priced an underwritten public offering of 8.15 million shares at $37 apiece, increasing the offering size from the initially proposed 7 million shares. The transaction includes an option for underwriters to purchase another 1.2 million shares. Proceeds received upon settlement of the forward sale agreements will support pending investments and acquisitions, debt repayments and general corporate purposes. The offering is expected to close on November 12. SmartStop shares were trading at $37.89, down 4.54% from the previous close of $39.69, as of 12:16:39 PM EST. The stock opened at $37.40 and recorded a high of $37.93 and a low of $37.21 during the session.

Separately, Aptera Motors entered into an agreement with institutional investors to sell 3,428,571 Class B common shares at $1.75 each through a registered direct offering. The company will also issue warrants to purchase up to an additional 3,428,571 shares at an exercise price of $2.05 each. The combined offerings are expected to generate approximately $6 million in gross proceeds, which will support product validation, manufacturing readiness and general corporate purposes.

The transactions are expected to close around November 11, subject to customary conditions. Aptera shares were trading at $1.62, down 28.95% from the previous close of $2.28, as of 12:11:43 PM EST. The stock opened at $1.747 and recorded a high of $1.747 and a low of $1.58 during the session.

Also Read: What Are Fractional Shares? 

AEVEX Wins Nearly $400 Million Defence Contract as AIB Advances Data Centre Development

Three US-listed companies announced business developments on November 10, 2026, covering a major defence contract, data centre construction progress and funding milestones.

AEVEX Corp. secured an Indefinite Delivery/Indefinite Quantity (IDIQ) contract worth nearly $400 million for unmanned aircraft systems and associated support services for a US customer. The multi-year agreement provides a flexible procurement framework for different mission requirements and strengthens the company’s position as a provider of scalable unmanned systems. AEVEX develops and manufactures autonomous technologies and defence solutions for national security customers. Its shares were trading at $11.65, up 0.78% from the previous close of $11.56, as of 12:10:49 PM EST on November 10. The stock opened at $11.56 and recorded a high of $12.12 and a low of $11.48 during the session.

Meanwhile, AIB Data Centers Inc. reported progress at its CLT1 campus after receiving its first prepayment draw from funds placed in escrow and executing equipment orders for generators, UPS systems and switchgear.

The project is expected to deliver 50 MW of critical IT capacity under a 12-year customer agreement. Across its contracted sites, AIB projects approximately $90.5 million in annual stabilised net operating income by Year 5. Its shares traded at $0.75, up 5.92% from the previous close of $0.7081, as of 12:13:53 PM EST. The stock opened at $0.7086 and recorded a high of $0.78 and a low of $0.7086 during the session.

The latest corporate developments highlight strong revenue growth, expanding business opportunities, major acquisitions and continued investment across sectors such as technology, energy, defence and infrastructure. While several companies reported record sales, higher earnings or significant contract wins, others faced pressure from weaker forecasts, rising costs and disappointing results. Share price movements remained mixed, reflecting varied market responses to these announcements. Fundraising activities, strategic investments and future growth expectations also remained key themes across the companies covered.