The technology disruption delays Workhorse’s financial update, highlighting how outages can disrupt critical corporate operations.
US-based electric truck manufacturer Workhorse Group has postponed its third-quarter earnings announcement and conference call because of a global Microsoft outage, delaying investors’ access to its latest financial results and business outlook.
The company announced the postponement on Nov. 12, citing “business disruptions” caused by Microsoft’s service problems. Workhorse said it would publish its earnings report before the rescheduled conference call, set for 4:30 p.m. ET on Monday, Nov. 16.
Workhorse Announces Delayed Earnings Release
Workhorse confirmed that its third-quarter earnings announcement and conference call would not proceed as scheduled on Thursday, Nov. 12.
“The rescheduling is due to business disruptions caused by the global Microsoft outages taking place today, November 12,” the company said.
The company confirmed that its earnings press release would be published ahead of the rescheduled conference call. Investors can access the announcement through its investor relations website.
The conference call will take place at 4:30 p.m. ET on Nov. 16. Participants can access the webcast through Workhorse’s investor relations page or join by telephone.
The postponement means investors must wait several additional days to review the company’s financial performance and hear management’s assessment of its commercial vehicle business.
Microsoft Outage Impacts Businesses Globally
The announcement came as several Microsoft services experienced disruptions, including Outlook, Teams, Copilot, and other Microsoft 365 applications.
The outage began on Nov. 12 and continued into Asia-Pacific business hours on Nov. 13. Thousands of users in the U.S. reported problems, while disruptions were also recorded in India, Australia, and Japan.
Downdetector recorded more than 130,000 reports of Outlook problems in the U.S. at the peak of the disruption on Thursday.
Microsoft said it had made infrastructure adjustments to restore affected services, although its recovery efforts had not produced a sustained improvement.
“We’re reviewing what additional actions we can take to improve overall infrastructure stability,” Microsoft said in an update posted on X.
The company also said some features dependent on Exchange Online and email had been affected, while services that did not rely on the platform remained functional. Microsoft said it was not aware of any malicious activity causing the outage.
Outage Impacts Businesses Beyond Microsoft
The disruption also affected organizations relying on Microsoft’s infrastructure for everyday operations.
OpenAI and Anthropic reportedly experienced problems involving their Microsoft connectors. Indian airlines IndiGo and Akasa Air also reported disruptions to their email support services.
Financial institutions in Taiwan experienced operational difficulties as well. One company reportedly canceled a previously scheduled bond repurchase transaction because of the disruption.
Workhorse’s decision to postpone its earnings announcement adds another example of how disruptions involving digital infrastructure can affect companies outside the technology sector.
What Happens Next for Workhorse Investors?
Investors will now have to wait until Nov. 16 to review Workhorse’s third-quarter financial results and hear management’s assessment of its business outlook.
The company designs and manufactures electric commercial vehicles, including trucks used for business and fleet operations. It is headquartered in the Detroit area and produces vehicles at a manufacturing facility in Union City, Indiana.
The rescheduled conference call will provide investors with an opportunity to hear the company’s latest financial update and developments in its commercial vehicle business.
