Buybacks and data centre spending mark a week of tech earnings

Earnings dominated the week, and capital returns were a common thread. Hut 8, CLEAR and VIAVI each raised or added share repurchase authorizations: Hut 8 to $1.0 billion, CLEAR by $175.0 million and VIAVI with a new $500 million program. BCE, CLEAR and Blue Owl Technology Finance Corp. declared dividends, and Blue Owl also repurchased $55 million of stock during the quarter.

Data centre and AI infrastructure spending also ran through several reports. BCE says higher capital spending on Bell AI Fabric data centres and Ziply Fiber's network reduced free cash flow. Hut 8 signed a second 352 MW lease at Beacon Point, and Kyndryl reported hyperscaler-related revenues up 27.2%. On guidance, Waters and CLEAR raised parts of their full-year outlooks, while BCE and Kyndryl reaffirmed theirs.