Manufacturing & Industrial Technology

Schaffhausen – October 29, 2026 -- Garmin Ltd. (NYSE: GRMN) posted record third-quarter operating income of $612 million, up 34% year on year, and raised its full-year 2026 guidance after revenue rose 12% to a record $1.99 billion.

Margins expand 420 basis points as tariff refunds add $33 million

Consolidated gross margin reached 63.3%, up 420 basis points, with higher margins in every segment. Garmin attributed the gain to favorable segment mix, lower product costs and about $33 million in refunds of previously paid tariffs. Operating margin was 30.8%. Pro forma EPS rose 39% to $2.76, while GAAP EPS was $2.80.

Operating expenses grew 10% to $646 million. R&D rose 9% on personnel costs, and SG&A rose 10% on personnel and advertising. The effective tax rate fell to 18.1% from 21.2%, which Garmin linked to higher expected U.S. deductions under tax legislation enacted in 2025 that took effect in 2026.

Galway – October 29, 2026 -- TE Connectivity (NYSE: TEL) closed fiscal 2026 with record net sales of $19.9 billion, up 15% on a reported basis and 12% organically, as customer demand for data and power connectivity lifted both of its segments.

Adjusted EPS rose 24% to $11.52 for the year ended September 25, 2026. GAAP EPS climbed 80% to $11.07. Adjusted operating margin was 22%, against 20% on a GAAP basis.

Fourth-quarter orders jump 29% to $6.1 billion

Fourth-quarter net sales hit a record $5.3 billion, up 12% reported and 13% organic, with the Industrial and Transportation segments both growing strongly. Orders reached $6.1 billion, up 29% year over year and 6% sequentially.

GAAP diluted EPS from continuing operations was $3.10, up 39%, while adjusted EPS of $3.14 rose 21%. GAAP operating margin was 21% and adjusted operating margin was 22%.

ATLANTA – October 29, 2026 -- One in four supply chain leaders wish they had chosen a different automation path, and 94% say switching providers would be prohibitively expensive, according to a survey of 250 North American decision-makers released by warehouse robotics provider Exotec. Most buyers are therefore locked into their chosen system for 10 to 15 years.

Larger companies report more underperformance, not less

Companies with more than $1 billion in revenue were more likely than smaller firms to say their most significant automation investment underperformed (21% vs. 13%). Exotec traces regret to three pre-implementation decisions: underestimating lifetime ownership cost, leaving accountability for issue resolution unclear, and automating before the operation was ready.

HELSINKI – October 29, 2026 -- UPM-Kymmene reported a third-quarter comparable EBIT of €131 million from continuing operations, down 8% from €142 million a year earlier. Operating cash flow nearly doubled to €420 million from €218 million, driven by working capital measures.

Sales slipped to €2,202 million from €2,226 million, and the comparable EBIT margin fell to 5.9% from 6.4%. Lower deliveries during customer destocking and higher variable costs weighed on results. Pricing actions offset part of the impact. CEO Massimo Reynaudo called it "a softer quarter following a strong first half."

ESPOO – October 29, 2026 -- Valmet Oyj's third-quarter orders received rose 30 percent to EUR 1,408 million (EUR 1,083 million), or 25 percent organically, while comparable EBITA climbed 6 percent to EUR 169 million (EUR 159 million).

Biomaterial capital orders reach EUR 552 million on China and Asia-Pacific wins

Growth came from strong biomaterial services intake, continued expansion in Process Performance Solutions and a strong quarter in biomaterial capital projects. Biomaterial capital orders totaled EUR 552 million, including major project wins in China and Asia-Pacific. Biomaterial services orders grew 12 percent organically, with growth across regions, service categories and business areas.

Process Performance Solutions posted 3 percent organic order growth in a low-growth market and a comparable EBITA margin of 20.2 percent.

HSINCHU – October 29, 2026 -- oToBrite Electronics will present an IP69K-rated 3D stereo vision camera module with sub-microsecond (1 μs) synchronization of 3MP global shutter sensors at ROBOTWORLD 2026 in South Korea, targeting humanoid robots, quadruped robots and unmanned vehicles.

indie ISP drives left-right exposure sync in the stereo module

The module was co-developed with indie and incorporates indie's iND880 image signal processor. It synchronizes exposures between the left and right cameras and keeps image quality consistent for depth perception in dynamic outdoor environments. Built-in image quality tuning and the oToVision SDK complete the package.

Two baseline options are available. The 60 mm version is designed for humanoid robots and robotic arms. The 120 mm version delivers depth perception at distances of up to 20 meters for outdoor autonomous robots and unmanned vehicles.

ATSUGI – October 29, 2026 -- Sony Semiconductor Solutions Corporation announced the LYTIA 720, an approximately 50-effective-megapixel CMOS image sensor for mobile devices that cuts random noise in dark environments by about 50% compared with a conventional product.

LYTIA 720 targets smartphone main cameras in a 1/1.56-type format

The sensor is designed for the main camera of mobile devices. It inherits technologies developed for Sony's LYTIA high-end series. Sony chose the 1/1.56-type size because it is widely adopted in the smartphone market, and says the aim is to bring high-quality imaging to more users.

MILWAUKEE – October 29, 2026 -- A. O. Smith Corporation (NYSE: AOS) agreed to sell an 81% interest in its China business to alternative asset manager CPE, valuing the unit at approximately $400 million on a cash-free, debt-free basis. The company will keep a 19% stake and sign a long-term brand licensing agreement.

Licensing royalties lift total deal value above $500 million

The $400 million valuation excludes the royalty stream from the brand license. Including the net present value of licensing payments to A. O. Smith over a multi-decade period, total value is expected to exceed $500 million.

The structure also lets A. O. Smith repatriate roughly $80 million in cash now held in China.

Share repurchases take priority for after-tax proceeds

After closing, A. O. Smith intends to prioritize share buybacks as the use of after-tax proceeds and repatriated cash.

Seoul – October 29, 2026 -- SK hynix posted third-quarter revenue of 104.6155 trillion won and operating profit of 83.3338 trillion won, an operating margin of 80%. Quarterly revenue has now topped 100 trillion won for the first time in the company's history. Net profit reached 39.7756 trillion won, a 38% net margin.

Revenue rose 32% and operating profit 38% from the second quarter, when the company reported revenue of 79.3187 trillion won and operating profit of 60.5426 trillion won. SK hynix attributed the gain to higher prices for key products amid rising demand for AI memory.

HBM4 shipments begin in earnest as server DDR5 sales climb

In DRAM, results were driven by a significant increase in server DDR5 sales, and HBM4 shipments started in earnest. In NAND, sales of 321-layer TLC eSSD expanded, and data-center products continued to grow across the board.

Wilmington – October 29, 2026 -- The Chemours Company (NYSE: CC) has declared a quarterly cash dividend of $0.0875 per share on its common stock for the fourth quarter of 2026.

Board of Directors approves Q4 payout on common stock

The Chemours Board of Directors approved the dividend, which applies to the company's common stock. The company announced the declaration on October 29, 2026.

Chemours pays from a base of 28 plants and 2,400 customers

Chemours operates through three businesses: Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials. It has approximately 5,700 employees and 28 manufacturing sites, and serves approximately 2,400 customers in approximately 110 countries. End markets include coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas.