8-K filings, November 5-6, 2026: data center demand and US investment plans lead

Several companies set out multi-year spending plans

• BD said it intends to invest $19 billion in the U.S. over several years, including $3 billion for manufacturing expansion.
• Live Nation Entertainment said it directs $800 million toward expanding and improving venues.
• Consolidated Edison (Con Edison) said it plans to invest approximately $797 million in climate resilience from 2026 through 2030.
• Microchip Technology said it has paused most factory expansion actions and reduced planned capital investment through fiscal 2027, while selectively adding production and research equipment.

Cummins and Microchip pointed to data center demand

• Cummins said that in one part of its business, revenues increased 5% in North America and 4% internationally. It said increased demand for power generation products, particularly for data center applications, drove this.
• Cummins said a U.S. data center project will be its largest battery energy storage systems deployment to date.
• Microchip reported robust bookings and growing PCIe Gen6 switch and retimer design wins in data center. PCIe (Peripheral Component Interconnect Express) is a standard for high-speed links between computer components.

Several companies reported higher results

• Rockwell Automation said its adjusted earnings per share (EPS) for the fourth quarter of fiscal 2026 was $3.88, up 16% from $3.34 a year earlier.
• BD said it delivered 5.6% revenue growth in the fourth quarter of fiscal 2026.
• Atlassian said that in the first quarter of fiscal 2027 its operating margin under generally accepted accounting principles (GAAP), the standard US accounting rules, expanded to 11%. It reported $463 million in free cash flow and 44% growth in remaining performance obligations (RPO), contracted revenue not yet recognized.
• BeOne Medicines reported third-quarter GAAP net income of $385 million, up $260 million year over year.

Other companies focused on shareholder returns and operations

• Devon Energy said it expects approximately $3.5 billion in net proceeds after taxes and effective-date adjustments. It plans to use them to accelerate share repurchases and reduce debt. Devon declared a fixed quarterly dividend of $0.32 per share.
• Cummins said it plans to return 50% of its operating cash flow to shareholders.
• Live Nation said quarterly attendance grew 19%.
• Humana said its third-quarter 2026 Insurance segment GAAP benefit ratio was 93.7 percent, against guidance of slightly above 94 percent.