TECH BULLETIN

Wednesday, May 27, 2026

Tech Market Context: Macro Drivers

Key macro instruments that drive tech market movements: yields, dollar, risk appetite

Market Commentary

Today's Interesting Company News

NTG Clarity Reports Q1 2026 Revenue of $21.3 Million, Up 8.1% Year-Over-Year

NTG Clarity Networks Inc. (TSXV: NCI) reported its financial results for the first quarter ended March 31, 2026. Revenue grew 8.1% year over year to $21.3 million, with gross profit rising 4.4% to $7.0 million, representing 33.0% of revenue. Net income was $1.0 million, or 4.6% of revenue, compared to $2.1 million or 10.6% in the prior year, with the prior year including a $595,000 foreign exchange gain and the current quarter including a $668,000 non-recurring deferred tax recovery. Adjusted EBITDA was $0.8 million, or 3.6% of revenue, compared to $2.9 million, or 14.6%, in the prior year. Operating cash flow was positive $43,000 for the quarter. The company built a delivery and support base sized for materially higher revenue through 2025, and as revenue normalizes through the year, NTG expects operating leverage to convert into stronger margins. The company provided 2026 guidance, expecting revenue above $90 million and an adjusted EBITDA margin of 13-16%.

WhiteFiber Secures $100 Million Delayed Draw Facility to Support Near-Term Growth Initiatives

WhiteFiber, Inc. (Nasdaq: WYFI) announced that it has entered into a $100 million delayed draw term loan facility with Bit Digital Capital, Inc., a wholly owned subsidiary of Bit Digital, Inc. (Nasdaq: BTBT). The facility may be increased to $150 million upon mutual agreement of the parties. B. Riley Securities, Inc. purchased a portion of the term loans under the facility from Bit Digital Capital, Inc. The facility is intended to provide WhiteFiber with additional financial flexibility to support near-term growth initiatives in both its data centers and cloud services businesses. WhiteFiber continues to advance non-dilutive permanent financing solutions, including a recently expanded and amended credit facility with the Royal Bank of Canada, and ongoing progress on the permanent financing for NC-1. The company intends to use the proceeds for general corporate purposes, which may include the completion of the buildout of the first phase of an HPC data center located in Madison, North Carolina. The announcement outlines WhiteFiber's focus on disciplined execution, bringing contracted capacity online, and building a scalable infrastructure platform for the next generation of AI workloads.

HP Inc. Reports Fiscal 2026 Second Quarter Results

HP Inc. (NYSE: HPQ) announced its fiscal 2026 second quarter financial results, reporting strong growth in revenue and earnings. The company achieved second quarter GAAP diluted net earnings per share (EPS) of $0.49, up 16.7% from the prior year, and non-GAAP diluted net EPS of $0.86, up 21.1%. Net revenue for the quarter was $14.4 billion, representing a 9.0% increase year over year. HP returned $374 million to shareholders through dividends and share repurchases, and generated $0.8 billion in free cash flow. The company updated its outlook for the third quarter and full fiscal year 2026, projecting GAAP diluted net EPS of $0.47 to $0.63 and non-GAAP diluted net EPS of $0.61 to $0.71 for Q3, and full-year GAAP diluted net EPS of $2.15 to $2.45 and non-GAAP diluted net EPS of $2.90 to $3.10. HP anticipates generating free cash flow in the range of $2.8 to $3.0 billion for fiscal 2026. These results and projections reflect HP's ongoing execution of its future of work strategy and focus on AI-powered innovation.

nCino Reports First Quarter Fiscal Year 2027 Financial Results

nCino, Inc. (NASDAQ: NCNO), the platform for agentic AI banking, announced its financial results for the first quarter of fiscal year 2027, ended April 30, 2026. The company reported total revenues of $159.4 million, up 11% year-over-year, and subscription revenues of $140.9 million, up 12% year-over-year. GAAP operating margin reached 13%, up 1,400 basis points year-over-year, while non-GAAP operating margin was 28%, up 1,100 basis points year-over-year. GAAP income from operations was $21.1 million, compared to a loss of $(1.5) million in the same quarter last year, and non-GAAP operating income was $44.5 million, up 79%. Free cash flow for the quarter was $80.8 million, a 54% increase from the prior year. The company repurchased approximately 6.1 million shares for about $93.1 million and has $65.0 million remaining for future repurchases. nCino provided guidance for the second quarter and full fiscal year 2027, projecting continued growth in revenues, subscription revenues, non-GAAP operating income, free cash flow, and annual contract value.

Nutanix Reports Third Quarter Fiscal 2026 Financial Results

Nutanix, Inc. (NASDAQ:NTNX) announced its financial results for the third quarter ended April 30, 2026, reporting strong performance across all guided metrics. The company achieved 15% year-over-year growth in Annual Recurring Revenue (ARR), reaching $2.43 billion, and delivered revenue of $703.1 million, a 10% increase from the prior year. GAAP operating income was $70.5 million, while non-GAAP operating income reached $156.5 million. Free cash flow for the quarter was $197.2 million. Nutanix also unveiled new innovations in AI and cloud, formed a strategic alliance with NetApp, and announced a $750 million increase to its share repurchase authorization. Looking ahead, Nutanix raised its full year guidance and provided outlooks for Q4 and fiscal 2026, emphasizing its focus on sustainable growth and profitability.

Everpure Announces First Quarter Fiscal 2027 Financial Results

Everpure (NYSE: P) announced its financial results for the first quarter of fiscal year 2027, ending May 3, 2026. The company reported total revenue of $1.1 billion, representing a 35% year-over-year increase, and product revenue of $577 million, up 55% year-over-year. Subscription services revenue reached $476 million, up 17% year-over-year, while subscription annual recurring revenue (ARR) was $2 billion, up 19% year-over-year. Remaining performance obligations (RPO) totaled $3.8 billion, up 41% year-over-year. The company completed the strategic acquisition of 1touch and formally transitioned its brand from Pure Storage to Everpure, updating its ticker symbol to NYSE: P. Everpure increased its FY27 revenue and operating profit guidance, reflecting confidence in its ability to deliver on its priorities. The company will host a teleconference to discuss these results and participate in several upcoming investor conferences.

CanPR Technology Ltd. Announces Private Placement

CanPR Technology Ltd. (TSXV: WPR) announced it will proceed with a non-brokered private placement of up to 17,150,000 units at a price of $0.035 per unit for gross proceeds of up to $600,250. Each unit consists of one common share and one transferable common share purchase warrant, with each warrant entitling the holder to acquire one common share at $0.06 for 12 months from issuance. Certain insiders may participate in the offering, which would constitute a related party transaction under MI 61-101, but is expected to be exempt from formal valuation and minority shareholder approval requirements. The net proceeds will be used for general working capital, evaluation of prospective transactions, settlement of current liabilities, and other corporate and administrative expenses. The unit shares and warrants will be subject to a statutory hold period of four months and one day. The company may pay finder's fees on a portion of the offering, subject to applicable securities legislation. Closing of the offering is subject to TSX Venture Exchange approval.

PodcastOne (Nasdaq: PODC) Raises FY2026 Guidance to $68M–$75M Revenue and $7M–$10M Adjusted EBITDA*

PodcastOne (NASDAQ:PODC), a leading podcast platform and publisher, announced it has raised its fiscal year 2026 guidance to projected revenue of $68 million to $75 million and Adjusted EBITDA of $7 million to $10 million. The company reported a $7M warrant exercise converted to cash, repayment of all junior debt, and now holds the largest cash position in its history. PodcastOne is ranked in Podtrac’s Top Ten publisher rankings ahead of DailyWire+, Barstool and CNN. The company expects to start monetizing over 250,000 hours of video content this quarter through AI/LLM data licensing partnerships with hyperscalers. PodcastOne is also expanding retailer and carrier partnerships alongside major platforms such as Amazon, Apple, Spotify, YouTube, Paramount Global, Pluto TV, Telly, LG, Samsung, and Vizio. These developments reflect continued momentum across advertising, platform expansion, AI monetization, and strategic growth initiatives. The company believes it is well-positioned for sustained growth and long-term shareholder value creation.

IREN Targets $4.4bn in ARR with Blackwell Deployment at Childress

IREN Limited (NASDAQ: IREN) announced it has entered into a purchase agreement with Dell for air-cooled Blackwell systems to support its previously announced five-year, $3.4bn managed services AI cloud contract. The Blackwell systems will be deployed at IREN’s Childress, Texas campus, with commissioning targeted for early 2027. The total purchase price under the agreement with Dell is approximately $1.6bn, covering GPUs, servers, storage, networking, ancillary equipment, integration services, and warranties. Upon commissioning, the AI cloud contract is expected to increase IREN's annualized run-rate revenue (ARR) from $3.7bn to $4.4bn. The ARR of $4.4bn includes expected $1.9bn average annual revenue under the Microsoft contract, $0.7bn average annual revenue under the $3.4bn AI cloud contract, and estimated $1.8bn ARR from planned GPU deployments at British Columbia and Childress sites. IREN is advancing GPU financing in connection with the agreement. The company emphasizes its ongoing investment to accelerate time-to-compute and its strategy to own and control the full stack for AI cloud services.

Thomson Reuters Standard for High Stakes AI

Thomson Reuters announced its standard for Fiduciary-Grade AI™, setting a higher benchmark for AI used in professional contexts where accuracy, accountability, and trust are critical. The company outlined the Four Principles of Fiduciary-Grade AI, emphasizing authoritative content, privacy and security, human expertise, and transparent, verifiable reasoning. Fiduciary-Grade AI is designed for professionals operating under duties of care and regulatory oversight, supporting work in high-stakes professions such as legal, tax, audit, and compliance. The announcement highlights the need for AI systems to meet standards comparable to those governing credentialed professionals. Thomson Reuters delivers this standard through its CoCounsel product. The company serves professionals across legal, tax, accounting, compliance, government, and media.

Global Clean Energy Inc. Acquires AI for Natural Disasters to Expand Disaster Prediction and Emergency Response Platform.

Global Clean Energy, Inc. (OTCID: GCEI) announced the acquisition of AI for Natural Disasters (AIND), a company specializing in artificial intelligence tools for disaster prediction, monitoring, and response. The acquisition expands GCEI's applied AI platform into the resilience and emergency management markets, adding new products such as TerraVigil™ and ResilientIQ™. TerraVigil™ is designed to provide predictive intelligence and live situational awareness during natural disasters, while ResilientIQ™ helps emergency managers access operational guidance quickly. The company believes this acquisition strengthens its position in applied AI markets where decision support can directly affect public safety and infrastructure protection. Polaris Market Research estimates the natural disaster management market at $71.51 Billion in 2025, indicating strong growth potential. The acquisition is expected to support product launches, market outreach, demonstrations, and partner development tied to the AIND platform.

Broadcom Unveils World’s First Integrated 5G and Wi-Fi 8 FWA Platform in Collaboration with Samsung Electronics

Broadcom Inc. (NASDAQ: AVGO) announced a collaboration with Samsung Electronics Co., Ltd. to launch a new broadband-optimized reference platform for the global fixed wireless access (FWA) market. The platform integrates Broadcom's BCM6776 Wi-Fi 8 System-on-Chip (SoC) with Samsung's B1320 5G Modem, unifying 3GPP Release 17 connectivity with the Wi-Fi 8 (IEEE 802.11bn) standard. The BCM6776 SoC features a quad-core Arm network processor and supports tri-band Wi-Fi 8, while the Samsung B1320 modem is a 5nm chipset capable of 5G downlink speeds of 3.43 Gbps and uplink speeds of 1.17 Gbps. The platform is designed for mass-market scalability, offering high performance and cost-competitive solutions for mobile operators. OEMs are already integrating the platform into next-generation gateway portfolios, and global carrier trials and OEM sampling are underway. This collaboration aims to accelerate service innovation and ecosystem growth in the FWA market.

Datadog and Carahsoft Announce Datadog’s Achievement of FedRAMP® High Certification for Its Observability and Security Platform

Datadog, Inc. (NASDAQ: DDOG) and Carahsoft Technology Corp. announced that Datadog for Government has achieved Federal Risk and Authorization Management Program (FedRAMP) High certification for its observability and security platform. This certification places Datadog among a select group of tech companies certified to operate in highly sensitive Federal environments. The platform delivers real-time visibility and actionable insights across agencies’ entire IT environments while complying with the Federal Government’s most stringent security requirements. Carahsoft serves as Datadog’s Master Government Aggregator, providing procurement, services, and training for the Public Sector through multiple contract vehicles. The announcement highlights Datadog’s leadership in cloud security and compliance, and its commitment to delivering a platform that meets the highest standards for security and performance. This milestone enables Government agencies and contractors to adopt Datadog for secure workloads and mission-critical operations.

Broadcom Delivers Industry’s First Integrated Wi-Fi 8 SoCs to Power Next-Gen Mesh and Multi-Gigabit Routers

Broadcom Inc. (NASDAQ: AVGO) announced the expansion of its Wi-Fi 8 portfolio with three new highly integrated systems-on-chip (SoC) devices: BCM6772, BCM6774, and BCM6776. These SoCs are designed for high-performance Ethernet router and mesh network markets, integrating multi-gigabit performance into a compact, power-efficient form factor. The new chips consolidate the application processor, network processor, 2.4 GHz and 5 GHz Wi-Fi 8 radios, and multi-gigabit Ethernet PHY onto a single die. Key features include high-performance quad-core CPU complexes, dedicated Network Processing Engines, on-chip 2.4 GHz power amplifiers, and 3rd generation digital pre-distortion technology. The BCM677x family is currently being sampled to early access partners and customers. This launch aims to enable manufacturers and service providers to deliver next-generation, reliable, and cost-effective Wi-Fi 8 mesh systems and routers.

Kulicke and Soffa Declares Quarterly Dividend of $0.205

Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) announced that its Board of Directors has approved a quarterly dividend of $0.205 per share of common stock. The dividend will be payable on July 8, 2026, to shareholders of record as of June 18, 2026. Kulicke & Soffa describes itself as a global leader in semiconductor assembly technology, serving automotive, compute, industrial, memory, and communications markets. The company was founded in 1951 and emphasizes its ability to address dynamic process challenges.

Concentrix Achieves Platinum Status in NiCE 360 Partner Program

Concentrix Corporation (NASDAQ: CNXC) announced the expansion of its partnership with enterprise software provider NiCE (NASDAQ: NICE), achieving Platinum status in NiCE’s 360 Partner Program. The partnership focuses on delivering agentic AI solutions in complex and regulated environments, helping enterprises use AI to support customers via voice and chat systems that access core data for faster issue resolution. Concentrix enhances time-to-value through integration, orchestration, and operational expertise, while NiCE Cognigy provides enterprise-grade agentic AI for real-world deployment. The companies aim to help enterprises operationalize agentic AI at scale, extending its impact across systems, data, and workflows. Concentrix leverages its Agentic Operating Framework and deployment experience to maximize the performance and impact of NiCE Cognigy.

HUHUTECH International Group Awarded €13.9 Million High-Purity Process Systems Contract from Leading European Advanced-Node Semiconductor Foundry

HUHUTECH International Group Inc. (NASDAQ: HUHU) announced that its German subsidiary has received purchase orders totaling approximately €13.9 million (approximately US$15.0 million) for High-Purity Process (HPS) system engineering projects from a leading European pure-play semiconductor foundry. The orders were secured through a competitive qualified-bidder tender process and signed in phases between October 2025 and May 2026. These contracts support the customer's new advanced-node wafer fab in the Dresden semiconductor ecosystem and represent HUHUTECH’s first strategic benchmark orders in Europe. The announcement is part of HUHUTECH’s “Global 2026” initiative, expanding its customer footprint across Japan, the United States, Southeast Asia, and Europe. HUHU Germany will deliver high-purity process systems, including specialty gas supply infrastructure, with project execution by its local engineering and delivery team. The customer’s wafer products serve high-growth end markets such as high-end smartphones, AI, automotive electronics, and industrial automation. The company notes that ongoing capacity expansion and production line upgrades may create opportunities for follow-on orders and long-term services.

MineHub Completes Digital Shipment Traceability Deployment with Leading Global Mining Company

MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) has announced the successful completion of a digital shipment traceability deployment with a leading global mining company. The deployment demonstrates real-time shipment digitization, secure cross-enterprise data sharing, and digital product passport creation from mine through to disport. Key outcomes include digitization of shipment data, live shipment tracking, creation of digital product passports, and improved data consistency between supply chain participants. The initiative is described as a significant milestone in advancing supply chain transparency and efficiency in the commodities industry. MineHub's platform enables partners to optimize supply chain operations, reduce costs, and improve environmental footprint. The company plans to build on this deployment and explore new opportunities for digital innovation across the metals supply chain.

C-COM Develops Transportable LEO Tracking Terminal

C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF), a leading global provider of commercial grade mobile auto-deploying satellite antenna systems, announced the development of a new series of transportable LEO/MEO Tracking Antenna systems. The new iNetVu® FLY-101-LEO Tracker is a rugged, carbon-fiber based antenna system designed for continuous reliable 24/7 tracking of LEO/MEO satellites and can be assembled without tools in less than 10 minutes. The system supports Ku-, Ka- and X-band frequencies and is available in 60 cm, 80 cm, 1 m, and 1.3 m sizes. C-COM expects the LEO Tracker to be available for sale before the end of August. The company is also in the final stages of satellite testing and manufacturing of a potentially revolutionary Ka-band, electronically steerable, modular, conformal, flat panel phased array antenna, as well as developing an 8-Channel Ka-band Analog Beamforming Integrated Circuit (BFIC). These developments are aimed at providing low-cost, high-throughput mobility applications and reducing costs while improving performance.

Gorilla Technology Converts Growth Into Cash: Q1 Revenue Up 55%, Operating Cash Flow Turns Positive & Full Year Guidance Raised

Gorilla Technology Group Inc. (NASDAQ: GRRR) announced its financial results for the three months ended March 31, 2026, reporting significant growth and operational improvements. Q1 2026 revenue reached US$28.2 million, a 55% increase year on year from US$18.3 million in Q1 2025. Operating cash flow turned positive at US$6.6 million, marking a US$17.3 million improvement from the previous year, and the cash balance rose 373% year on year to US$98.4 million. The company increased its full year 2026 revenue guidance to a range of US$160 million to US$200 million, citing improved visibility across contracted backlog and scheduled delivery milestones. Notably, Gorilla collected significant cash from its Egypt project and advanced its AI infrastructure initiatives in Southeast Asia, including a 200MW data centre campus in Thailand. Despite a reported IFRS operating loss of US$41.1 million, largely due to non-cash stock-based compensation and foreign currency exchange losses, the company emphasized its strengthened liquidity and ongoing investments in AI infrastructure. Gorilla highlighted its agreement with Yotta and its ambition to achieve approximately 500MW of AI infrastructure capacity by the end of 2028.

Kingsoft Cloud Announces Unaudited First Quarter 2026 Financial Results

Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, announced its unaudited financial results for the first quarter ended March 31, 2026. The company reported total revenue of RMB2,703.7 million, a 37.2% year-over-year increase, with AI business gross billing growing 90% year-over-year and accounting for more than half of public cloud services revenue for the first time. Adjusted gross profit reached RMB351.4 million, up 7.2% year-over-year, and adjusted EBITDA margin was 27.6%, an increase of 11.4 percentage points year-over-year. Capital expenditures and leased assets obtained in combination amounted to RMB3 billion in Q1. The company continues to invest in infrastructure to support business expansion and address strong demand across diverse sectors.

Garmin brings revolutionary SmartCharts to Garmin Pilot Web

Garmin (NYSE: GRMN) announced that its dynamic aviation charting solution, SmartCharts, is now available for Garmin Pilot Web. SmartCharts provides pilots with a simplified and intuitive experience by producing clear and relevant data tailored for specific flight operations. The solution allows pilots to view simplified terminal procedures, including instrument approach procedures (IAP), departure procedures (DP), and standard terminal arrival routes (STAR), and integrates weather and NOTAM impacts into flight planning. SmartCharts airport diagrams are available in the Garmin Pilot mobile app on iOS devices and will come to Garmin Pilot Web in the future. The charts are accessible with a Premium subscription in the United States and the Bahamas at launch. Garmin Pilot Web was launched in 2025 to allow users to plan flights on any device, with flights syncing to mobile devices for seamless planning and flying.

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