{"id":74033,"date":"2026-11-02T17:38:18","date_gmt":"2026-11-02T21:38:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/palantir-and-onsemi-lead-tech-earnings-beats-north-korea-denies-record-6-3b-binance-heist\/74033\/"},"modified":"2026-11-02T17:38:18","modified_gmt":"2026-11-02T21:38:18","slug":"palantir-and-onsemi-lead-tech-earnings-beats-north-korea-denies-record-6-3b-binance-heist","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/palantir-and-onsemi-lead-tech-earnings-beats-north-korea-denies-record-6-3b-binance-heist\/74033\/","title":{"rendered":"Palantir and onsemi Lead Tech Earnings Beats; North Korea Denies Record $6.3B Binance Heist"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Palantir (<a href=\"\/stock\/PLTR\">PLTR<\/a>)<\/strong> delivered a massive &quot;beat-and-raise&quot; quarter, with <strong>Q3 revenue surging 96% year-over-year to $2.31 billion<\/strong>, fueled by a <strong>148% explosion<\/strong> in U.S. commercial revenue.<\/li>\n<li><strong>ON Semiconductor (<a href=\"\/stock\/ON\">ON<\/a>)<\/strong> exceeded Q3 expectations with <strong>$1.72 billion in revenue<\/strong> and announced a <strong>$600 million acquisition of Ferric<\/strong> to bolster its AI data center power delivery capabilities.<\/li>\n<li><strong>North Korea<\/strong> officially denied involvement in the <strong>record-breaking $6.3 billion Binance heist<\/strong>, labeling the FBI&#39;s accusations a &quot;fabrication&quot; while maintaining its policy opposes malicious cyber activities.<\/li>\n<li><strong>Diamondback Energy (<a href=\"\/stock\/FANG\">FANG<\/a>)<\/strong> and <strong>Williams Companies (<a href=\"\/stock\/WMB\">WMB<\/a>)<\/strong> both topped earnings estimates, with Diamondback raising its full-year production guidance and Williams tracking toward the high end of its EBITDA targets.<\/li>\n<\/ul>\n<h2>Palantir Crushes Estimates as Commercial Revenue Overtakes Government<\/h2>\n<p>Palantir Technologies (<a href=\"\/stock\/PLTR\">PLTR<\/a>) reported stellar third-quarter 2026 results, highlighted by total revenue of <strong>$2.31 billion<\/strong>, comfortably beating the <strong>$2.17 billion<\/strong> analyst consensus. For the first time in the company&#39;s history, <strong>U.S. commercial revenue ($984 million)<\/strong> surpassed U.S. government revenue, signaling a successful pivot toward enterprise AI demand.<\/p>\n<p>The company significantly raised its full-year 2026 revenue guidance to a range of <strong>$8.530 billion to $8.534 billion<\/strong>, up from its previous outlook of approximately $8.15 billion. Palantir also projects a full-year adjusted operating profit of <strong>$5.25 billion<\/strong>, well above the <strong>$4.79 billion<\/strong> estimate, as its &quot;Sovereign AI&quot; movement continues to gain global momentum.<\/p>\n<h2>ON Semiconductor Pivots to AI with Ferric Acquisition<\/h2>\n<p>ON Semiconductor (<a href=\"\/stock\/ON\">ON<\/a>) reported Q3 adjusted earnings of <strong>$0.90 per share<\/strong>, beating the <strong>$0.88<\/strong> estimate, on revenue of <strong>$1.72 billion<\/strong>. While total revenue grew 11% year-over-year, the company&#39;s <strong>AI data center revenue skyrocketed 175%<\/strong>, prompting management to raise its 2030 AI data center revenue target to over <strong>$3 billion<\/strong>.<\/p>\n<p>To accelerate this growth, onsemi announced it is acquiring <strong>Ferric<\/strong>, a specialist in integrated voltage regulators, for <strong>$600 million in cash<\/strong>. The deal is expected to close by year-end and will be immediately accretive to non-GAAP earnings, positioning onsemi as a leader in next-generation power delivery for AI processors.<\/p>\n<h2>North Korea Rejects Blame for $6.3 Billion Binance Hack<\/h2>\n<p>Following the October 29 breach of <strong>Binance<\/strong>, the world&#39;s largest cryptocurrency exchange, North Korea has issued a formal denial through its state news agency, KCNA. Pyongyang called the FBI&#39;s attribution of the <strong>$6.3 billion theft<\/strong> to the &quot;TraderTraitor&quot; hacking group a &quot;fabrication&quot; intended to tarnish the country&#39;s image.<\/p>\n<p>The heist is the largest in cryptocurrency history, nearly quadrupling the previous record. Despite the denial, blockchain intelligence firms <strong>TRM Labs<\/strong> and <strong>Chainalysis<\/strong> have supported the FBI&#39;s findings, noting that the stolen assets are currently being converted into <strong>Ethereum<\/strong> and laundered through decentralized finance (DeFi) protocols.<\/p>\n<h2>Energy Sector Strength: Diamondback and Williams Top Views<\/h2>\n<p>Diamondback Energy (<a href=\"\/stock\/FANG\">FANG<\/a>) posted Q3 adjusted EPS of <strong>$5.86<\/strong>, beating the <strong>$5.73<\/strong> forecast, and generated <strong>$2.1 billion in adjusted free cash flow<\/strong>. The company raised its full-year production guidance to <strong>524 Mboe\/d<\/strong> and increased its annual base dividend by 7.3%, reflecting strong operational efficiency in the Permian Basin.<\/p>\n<p>Similarly, Williams Companies (<a href=\"\/stock\/WMB\">WMB<\/a>) reported adjusted EBITDA of <strong>$2.04 billion<\/strong>, exceeding the <strong>$1.94 billion<\/strong> estimate. Management noted that the company is now tracking toward the upper half of its full-year adjusted EBITDA guidance of <strong>$8.3 billion to $8.5 billion<\/strong>, supported by the early close of the <strong>Momentum Midstream<\/strong> acquisition and rising demand for natural gas infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Palantir (PLTR) delivered a massive &quot;beat-and-raise&quot; quarter, with Q3 revenue surging 96% year-over-year to $2.31 billion, fueled by 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