Apple Q4 results, Anthropic's Q3 revenue up 12x YoY

TechmemeNov 3, 2026

Mon, Nov 2

Tomorrow's events: GamesBeat NEXT (day 2); NEW DATES: Dubai FinTech Summit (day 2); AfroTech (day 2); Earnings: AMD, SHOP, BKNG, XYZ, TOST; WSJ Tech: California

top news

Apple reports Q4 revenue up 12% YoY to $114.48B, vs. $113.39B est., China revenue up 21% to $17.5B, vs. $18.9B est., in John Ternus' first earnings report (Apple)

@neilcybart: Apple's outlook for 1Q27: - Revenue growth: 7% to 10%. - Services revenue: 8% to 9% (third-party licensing and FX headwinds) - Gross margin: 45% to 46% (higher memory costs / Siri AI) Noisy guidance (as expected) impacted by a variety of issues including supply issues.

@munster_gene: First take on $AAPL... Business overall is solid despite navigating higher memory costs and higher prices to consumers... 1. iPhone was up 17.5% vs. Street at up 15.5%. Rock solid. 2. Mac got a 22% price increase for the full quarter and beat estimates. Sales up 24% yy, compared to Street looking for up 15%. Shows how much Mac bucked the Intel announcement for a slowdown in consumer we say last week... 6. Wearables down 8% vs. Street at down 4%. I dont know what to make of this.

@joannastern: John Ternus answers investor question on where Apple is at with consumer AI agent capabilities: “With Siri AI, we really have the kind of the Siri that we always wanted... but we're also really encouraged the fact that Apple devices, we think, are the best places to use all forms of AI.”

S-1 update: Anthropic reports Q3 revenue up 12x YoY to nearly $17B, a $23.3B net loss, up from $12.1B in Q3 2025, and operating expenses up 292% YoY to $17.5B (Bailey Lipschultz / Bloomberg)

@andrewcurran_: New language added on page 29 of Anthropic's S-1/A this morning says that internal estimates indicate they may imminently meet the RSI danger threshold of ‘dramatically accelerated progress attributable to AI’ - as much progress in one year as two years of the 2018-2024 baseline!

@mikeisaac: anthropic updated q3 financials are out the Claude Code impact = revenue up times 12 year over year. big. now that OAI has caught up on coding will be curious to see what growth curves look like going forward

@rebeccatorrenc5: Lots of relief after Anthropic's S-1 showed revenue growth was outrunning compute expense through Q2. Not so in Q3. From today's amended S-1: Revenue was up ~47% QoQ, while compute and infra expenses were up ~78%. Total compute and infra commitments: $895 *billion*.

SPONSOR 3 smarter updates for your staffing pipeline — Staffing recruiters manage multiple client requirements, large candidate databases, and tight submission deadlines. Finding suitable candidates is only the first step.

Marvell agrees to acquire optical components maker Lumentum in a $115B all-stock deal, as it aims to rival Broadcom; Nvidia invested $2B in each company in 2026 (Anhata Rooprai / Reuters)

@boringbiz_: The Marvell and Lumentum M&A transaction announced this morning is a bigger deal than people are giving it credit for Lumentum holders will get 4.5 Marvell shares for each share of Lumentum and a 23.9% premium. Pro forma they own roughly 33% of the combined company Marvell is guiding to more than $1 billion of run-rate cost synergies, non-GAAP EPS accretion in year one and a close in 1H28 Per Bloomberg, it ranks among the 10 largest tech and telecom deals ever Lumentum makes the indium phosphide lasers, optical transceivers and optical circuit switches that carry data between AI chips.

@mkfilko: This is probably what @JensenHuang meant when he said they are going to be a $1T company. He knew what Marvell had in their plans 😉

@benbajarin: Also the Marvell and Lumentum deal is telling on what's needed to compete with Broadcom.

Marvell's $115B Lumentum acquisition is one of the biggest tech deals ever and 2026's top M&A deal; Lumentum is up 128% YTD, giving it a ~$76B market cap (Bloomberg)

Supermarkets in Belgium, Ireland, Sweden, Finland, and Estonia report fridge and freezer temperature spikes due to suspected hacks, echoing attacks in France (Bloomberg)

Sources: Apple is developing a tabletop robot with a 9" screen and a swiveling arm, set for release in 2027 or 2028 for ~$1,000, as John Ternus pushes robotics (Aaron Tilley / The Information)

Sources: SpaceX is in talks with EchoStar to acquire Boost Mobile or access its network, after Verizon, T-Mobile, and AT&T rebuffed requests for network access (Washington Post)

Elon Musk says the cost of serving Grok Bot was “unsustainably high relative to revenue”, in response to subscribers complaining about SpaceX's usage limits (Siladitya Ray / Forbes)

Filings: Oracle is selling $10B in common stock and $10B in bonds, as it rushes to get financing for its data center buildout and chip purchases; ORCL falls 9% (Kelly Cloonan / Wall Street Journal)

South Korean President Lee Jae Myung vows to dedicate ~$16B for AI, chips, physical AI, and data centers in the country's 2027 budget, nearly double 2026's sum (Reuters)

artificial intelligence

Anthropic confirms new Claude Code limits “to steer it away from recreating someone else's specific game”, saying IP infringement is against its usage policy (Bruno Ferreira / Tom's Hardware)

SemiAnalysis launches GDPx, an AI frontier model benchmark measuring 11 domains, including chip design, cybersecurity, and RSI; Opus 5.5 tops with a 12% score (SemiAnalysis)

Email: OpenAI plans to merge ChatGPT's Chat and Work tabs on desktop for select users before rolling it out widely; Codex “will remain a separate experience” (Ivan Mehta / TechCrunch)

YC details multi-agent tests in games like Minecraft, where agents exhibit emergent capabilities, forming roles, hierarchies, and complex coordination patterns (YC Labs)

Researchers say LLMs can be good at natively reading and writing neural network weights; GPT-6 Astra edited Qwen3.5-0.8B's weights to make it better at math (Rikiya Takehi)

DeepSeek releases a “creator mode” that allows DeepSeek Harness users to quickly create custom plugins, like a 3D model renderer and a video editing workbench (Debby Wu / Bloomberg)

Hirundo, Lazarus, and others are applying machine unlearning and weight edits to Chinese models to remove censorship and harden security for Western companies (Rest of World)

Letter: the White House argues it doesn't have to share the full draft of its voluntary AI testing framework, citing national security and commercial exemptions (Leo Schwartz / The Information)

A look at AI safety debates and the rising popularity of “Stop Unilaterally + Raise Awareness”, or SURA; safety-focused AI labs shouldn't abandon the AI race (Scott Alexander / LessWrong)

How SF's AI boom is reshaping dating: founders treat first dates as interviews, use tech terms like “conversion rate” to track dates, and pay coaches $5K/month (Emmy Martin / New York Times)

A profile of UCLA math professor Terence Tao, who was once enthusiastic about AI's role in math but now warns of AI destroying the field's deliberative process (Rivka Galchen / New Yorker)

A profile of OpenAI VP Charles Porch, an ex-Instagram executive who is rehabilitating AI's image across Hollywood and the media, including via celebrity dinners (Charlotte Klein / New York Magazine)

earnings

Palantir reports Q3 revenue up 96% YoY to $2.31B, above $2.18B est., US commercial revenue up 148% YoY to $984M, and raises FY 2026 revenue guidance to ~$8.53B (Samantha Subin / CNBC)

Roku reports Q3 revenue up 24% YoY to $1.5B, Platform revenue up 23% to $1.3B, ad revenue up 23% to $727.4M, and subscription revenue up 23% to $580.9M (Todd Spangler / Variety)

Match Group reports Q3 revenue fell 3% YoY to $891M, below estimates, and total paying users fell 5% to 13.8M; Q4 forecast has adjusted EBITDA below estimates (Samantha Kelly / Bloomberg)

NAND maker Kioxia's stock closed down 15.78% after its cautious Q3 outlook inflamed investor concerns that the explosive growth driven by AI may be leveling off (Bloomberg)

data centers

Putin orders owners of non-state data centers to reserve 10% of capacity for Russia's IT infrastructure after Ukrainian drone attacks on Russian facilities (Reuters)

OpenAI launches the Grid Protectors Program, a US effort for its future data center campuses meant “to reduce electricity demand when the grid is under strain” (OpenAI)

infosec

Ukraine says its air raid alert app was compromised late on Sunday, sending false warnings of “nuclear danger”; Russia says its alert app had also been attacked (Bloomberg)

Fan fiction website AO3 says it could take two to four weeks to restore service after a “security incident”; AO3 hosts 18M+ works and has 11M+ registered users (Bruce Gil / Gizmodo)

funding deals

Data analytics provider Hex Technologies, which says it has rebuilt its platform for AI agents, raised a $100M Series D led by Peak XV at a $1.2B valuation (Tim Keary / Forbes)

Tutor Intelligence, which trains robot foundation models and builds AI warehouse robots, raised a $75M Series B led by a16z, taking its total funding to $117M (John Werner / Forbes)

Tel Aviv-based 42AI, which is developing a “behavioral world model” that tries to predict how humans will act, emerges from stealth with a $62.5M seed (Ram Iyer / TechCrunch)

Casap, whose AI tools automate dispute and anti-fraud operations for banks, raised a $56M Series B led by Base10 Partners, bringing its total funding to $90M (Jeff John Roberts / Fortune)

Broccoli AI, which sells AI agents to plumbing, HVAC, and electrical companies, raised a $22M Series A and a $30M Series B; a source says it is valued at $300M (Nick Lichtenberg / Fortune)

Trajectory, which is developing AI model post-training tools for nontechnical customers, raised a $45M Series A led by Sequoia at a $300M valuation (Marina Temkin / TechCrunch)

Bites, whose AI tools give frontline workers personalized training via WhatsApp, SMS, Slack, Teams, and more, raised a $40M Series A led by PeakSpan Capital (Meir Orbach / CTech)

The Hague-based Braid, whose API lets companies sell eSIM mobile plans under their own brand via 600+ carriers, raised a ~$38M Series A led by Octopus Ventures (Rahul Raj / EU-Startups)

AI-powered medical search engine Vera Health, which says it is used by 800,000+ clinicians in 190 countries, raised a $28.5M Series A led by Threshold Ventures (Cailey Gleeson / Fierce Healthcare)

Midstream Health, whose AI tools help 250 hospitals recover revenue from rebates and vendor and payer underpayments, raised a $20M Series A led by Valtrius (Will Maddox / Axios)

more news

Brazil's largest crypto exchange Mercado Bitcoin halts withdrawals after a breach involving $46M+ in assets, per Arkham; Tether froze 4.5M+ USDT in response (Jason Shubnell / The Block)

Memo: Alphabet is issuing €6B in euro-denominated debt across seven tranches, attracting €17B+ in demand; Alphabet sold €9B of bonds in six tranches in May 2026 (Reuters)

SPONSOR WebBrain: an open-source AI agent for your browser — Read pages, fill forms and automate tasks in Chrome or Firefox. Use local models or your preferred AI provider. Get started free.

Memo: Linux distribution vendor SUSE is laying off ~10% of its employees, saying “automation and AI are fundamentally shifting how software companies operate” (Liam Proven / The Register)

Investigation: a network of 400+ domains and apps linked to Chinese-language developers bypasses app store reviews to generate nonconsensual deepfakes and CSAM (Matt Burgess / Wired)

Analysis: Elon Musk contributed a record $474M to political groups for the 2026 midterms, including $216M to America PAC, the most a non-candidate has spent yet (Theodore Schleifer / New York Times)

British physicist and materials scientist Cyril Hilsum, widely recognized as “the father of liquid crystals” for enabling flat-panel display tech, died at 101 (Michael S. Rosenwald / New York Times)

This email was sent to [subscriber]
Images not loading in Outlook? Add us to your address book!
Techmeme 530 Divisadero St. #175 San Francisco, CA 94117 USA