GoKawiil
Tech News
TechCrunch has launched a recurring feature to monitor tech companies' quarterly earnings reports and investor calls for Fall 2026. The coverage will track financial wins and losses across the sector, with particular attention to AI-related spending and claims.
On Meta's quarterly earnings call, Mark Zuckerberg described a future in which billions of users rely on Muse, the personal AI agent Meta released last month, to shop, work and communicate through automated interactions with other people's Muse agents. He said these agents could eventually generate more per-user revenue than Instagram and Facebook, and predicted Muse would become 'highly profitable' within a few years.
Tesla reported Q3 2026 revenue of roughly $28 billion, nearly unchanged from a year earlier, as automotive revenue dipped 3% and solar/storage revenue dropped 16% to $2.9 billion. Services revenue grew a third to $4.6 billion, but operating expenses jumped 39% to $4.8 billion, pushing operating margin down to 2.6% from 5.8% a year earlier, with net profit falling 43% to $787 million.
SpaceX's third-quarter earnings exceeded Wall Street expectations, producing an unexpected profit that analysts described as a blowout result. Elon Musk responded by declaring that a previously stated ambitious goal is now within reach, without detailing specific figures or timelines in the reporting.
Meta disclosed in its third-quarter earnings that income from operations would have been $22.89 billion if not for a $9.89 billion charge tied to its child safety settlement with US attorneys general. The company agreed in August to pay $17.1 billion to resolve claims that its platforms were designed to be addictive to children, though $5.3 billion of that is contingent on YouTube and TikTok adopting similar safety safeguards. Despite the charge, Meta still reported $64.60 billion in quarterly revenue, up 26 percent year-over-year.
Tesla reported $28.0 billion in revenue and $1.7 billion in net income for the quarter ending September 2026, roughly flat revenue and a 4 percent profit drop versus the same period in 2025. Deliveries fell 2.1 percent year-over-year, a decline Tesla had anticipated following the September 2025 expiration of the $7,500 federal EV tax credit. The results came days after Tesla showcased a flying, flipping prototype of its next-generation Roadster in Waco, Texas.
On SpaceX's earnings call, CEO Elon Musk said merging SpaceX and Tesla would be a 'good idea' and noted that special committees have been formed at both companies' boards to explore the possibility. Musk is set to discuss Tesla's quarterly results Wednesday, with analysts expecting 43 cents earnings per share on $27.9 billion in revenue, roughly flat versus last year.
SpaceX reported third-quarter revenue of $14.6 billion, up 161% year-over-year and ahead of analyst estimates, with net income of $4.4 billion versus a $1.05 billion loss a year earlier. On the earnings call, Elon Musk said he is considering combining SpaceX with Tesla and that both companies' boards have formed committees to discuss the idea.
During SpaceX's earnings call, CEO Elon Musk raised the possibility of closer financial links between SpaceX and Tesla, discussed plans for a new launchpad in Louisiana, and projected the company could eventually generate $500 billion in annual revenue. The call covered several other updates on SpaceX's business trajectory, according to reporting on the session.
Netflix reported third-quarter revenue grew 12% year-over-year, its slowest growth rate in years. The report coincides with a reorganization of the company's programming units.
Elon Musk disclosed on Tesla's Q3 earnings call that Tesla and SpaceX have each set up special committees of independent directors to discuss a possible merger. Musk said the committees were formed at shareholders' request and that he is not involved in the talks due to his conflict of interest as CEO of both companies. No deal terms have been reached, and any Tesla-side merger would require approval from 50 percent of all shareholders, not just those voting.
Netflix's third-quarter investor letter names improved monetization, alongside entertainment value and new technology, as top priorities going forward. The company reported $12.9 billion in revenue, up 12 percent year-over-year, even as analysts at Jefferies estimate monthly viewing time per member fell to 49 hours in early 2025 from 66 hours in early 2023, and its share of US viewing time dipped slightly year-over-year in July.