EARNINGS & CATALYSTS · November 2, 2026
November 2 earnings preview: Apple’s holiday outlook and Palantir’s AI growth face their next tests
Apple and Palantir lead the after-close earnings watchlist. Vertex, Williams, Diamondback, Realty Income, onsemi and SBA bring separate tests of growth, cash generation and financing costs.
| Company | Report date | Window | EPS estimate | Revenue estimate |
|---|---|---|---|---|
| Apple Inc. (AAPL) | November 2, 2026Expected · subject to change | After close | 1.99 | 113.4B |
| Palantir Technologies Inc. (PLTR) | November 2, 2026Expected · subject to change | After close | 0.41 | 2.18B |
| Vertex Pharmaceuticals Incorporated (VRTX) | November 2, 2026Expected · subject to change | After close | 4.82 | 3.42B |
| The Williams Companies, Inc. (WMB) | November 2, 2026Expected · subject to change | After close | 0.54 | 2.99B |
| Diamondback Energy, Inc. (FANG) | November 2, 2026Expected · subject to change | After close | 5.72 | 4.6B |
| Realty Income Corporation (O) | November 2, 2026Expected · subject to change | After close | 0.41 | 1.43B |
| ON Semiconductor Corporation (ON) | November 2, 2026Expected · subject to change | After close | 0.88 | 1.71B |
| SBA Communications Corporation (SBAC) | November 2, 2026Expected · subject to change | After close | 2.09 | 724.07M |
1) Apple and Palantir: growth needs to support the outlook
Apple is expected to report fiscal fourth-quarter results after close on November 2. An October 30 earnings preview put expected revenue at about $113.3 billion. That is an analyst expectation, not reported sales. The holiday-quarter outlook will help investors assess product demand, services spending and the effect of component costs on profitability. Palantir has confirmed that its September-quarter results will arrive after close on November 2. Its June-quarter revenue grew 93% from a year earlier, establishing a demanding comparison for the next update. Watch U.S. commercial activity, government demand and how signed business converts into revenue. Cash generation and employee share compensation also affect the value created for each share.
2) Vertex: acquisition integration and new medicines
Vertex confirmed its third-quarter release for November 2 after close. In August, it raised full-year revenue guidance to $13.1–$13.2 billion. The November report will show whether that outlook holds as the company expands beyond its core cystic-fibrosis franchise. The Crinetics acquisition closed on September 1, adding a new integration and spending question. Watch the contribution from acquired medicines, launch progress and management’s explanation of the transaction’s accounting effects. Sales growth should be considered alongside research and commercial investment, rather than treated as automatic profit growth.
3) Williams and Diamondback: two different energy cash-flow tests
Williams and Diamondback have both confirmed November 2 results after close. Their conference calls follow on November 3, so further detail may come after the initial releases. Williams transports natural gas through infrastructure. The useful questions are whether demand supports new projects, how quickly projects enter service and whether cash generation keeps pace with investment and debt costs. Diamondback produces oil and gas in the Permian Basin. For it, realized commodity prices, operating costs and capital spending determine how much production becomes cash available for debt reduction or shareholder returns. The same energy-price move can therefore affect these businesses differently.
4) Realty Income and SBA: cash earnings versus the cost of capital
Realty Income and SBA Communications confirmed third-quarter releases after close on November 2. Realty Income earns rent from properties; SBA leases wireless-infrastructure sites. Watch cash earnings, financing costs and investment returns at both, while keeping their different tenants and assets in view. For these property businesses, adjusted funds from operations is a company-defined cash-earnings measure that adjusts accounting income for items such as property depreciation. Review its reconciliation and per-share outlook alongside debt and dividend commitments. Relevant tower peer American Tower reported September-quarter results on October 27: property revenue rose 4.5%, and adjusted funds from operations attributable to common shareholders rose 2.4%. It raised its full-year outlook. That gives a recent reference for leasing conditions, while its data-center exposure and geographic mix limit direct comparison with SBA.
5) onsemi: a separate test of automotive and industrial demand
onsemi confirmed results for its quarter ended October 2 after close on November 2. Watch the next revenue outlook, customer inventory and the cost of running its factories. A recovery in sales is more useful to shareholders when it also improves profitability and cash generation. Texas Instruments offers recent sector context rather than a forecast for onsemi. On October 21, it reported third-quarter revenue of $6.06 billion, up 28% from a year earlier, with growth across industrial, automotive and data-center markets. Different products and customers mean that result cannot establish onsemi’s outcome.
6) How to read the releases
The watchlist is AAPL, PLTR, VRTX, WMB, FANG, O, ON and SBAC, all expected after close on November 2, 2026. Issuer announcements confirm the release window for Palantir, Vertex, Williams, Diamondback, Realty Income, onsemi and SBA. Apple’s date is treated here as expected from the current earnings calendar and dated preview. Start with the outlook, then ask whether growth produces cash after operating costs and investment. Compare reported and adjusted profit carefully: a change in accounting adjustments can make a headline look stronger without improving the underlying business. Expectations and release schedules can change before publication.