EARNINGS & CATALYSTS · November 2, 2026
November 2 earnings ahead: Palantir’s sales outlook and Vertex’s acquisition costs come into focus
Palantir’s sales outlook, Apple’s holiday demand and Vertex’s Crinetics integration lead the after-close watchlist. Energy producers, pipelines, property landlords and onsemi face different cash-flow tests.
| 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) The release window and the decisions ahead
Apple is expected to report fiscal fourth-quarter earnings after close on November 2, 2026. Its date remains expected here. Palantir, Vertex, Williams, Diamondback, Realty Income, onsemi and SBA Communications have issuer announcements confirming third-quarter releases after close on the same date. onsemi’s quarter ended October 2; Palantir and Vertex are reporting September-quarter results. The central question is what these reports change about future cash generation. Apple and Palantir bring demand and growth questions; Vertex adds acquisition accounting; the energy and property businesses put investment returns and financing costs in focus.
2) Palantir: compare the result with its own sales outlook
Palantir sells software that helps government and commercial customers use data and artificial intelligence in their operations. Its August 3 outlook called for third-quarter revenue of $2.160–$2.164 billion. That was management’s forecast, not an analyst consensus or a reported result. Watch whether commercial demand and government contracts support the next outlook. Large contract announcements do not all become revenue immediately, and employee share compensation can dilute existing shareholders. ServiceNow offers recent software-sector context. On October 28, it reported 21% annual subscription-revenue growth and raised its full-year subscription-sales and free-cash-flow-margin outlook. Its subscription model and customer mix differ from Palantir’s, so use it as evidence of software spending rather than a prediction of Palantir’s results.
3) Apple: the holiday outlook matters beyond the September quarter
Apple earns money from devices and services. Watch the balance between product demand, services revenue and costs, then consider what management says about the holiday quarter. Strong sales are more valuable when the company retains enough profit and cash from them. Demand across regions and product categories can differ. Investors should avoid treating a strong headline revenue number as proof that every product line is improving. The next outlook could matter more for the shares than a small difference in the completed quarter.
4) Vertex: a completed acquisition changes the earnings questions
Vertex completed its Crinetics acquisition on September 1 and said it would discuss the accounting and financial effects on its third-quarter call. The deal adds rare endocrine diseases to a business built around medicines including cystic-fibrosis treatments. Watch acquired-product sales, integration spending and how management separates acquisition effects from ongoing operations. Drug launches can expand revenue while increasing commercial costs. The useful test is whether those investments support durable future earnings, alongside progress in the existing medicines business.
5) Williams and Diamondback: separate infrastructure from production
Williams transports natural gas; Diamondback produces oil and gas in the Permian Basin. Williams’ project spending and demand for pipeline capacity deserve attention, while Diamondback’s realized selling prices, drilling costs and investment determine cash left for shareholders. A change in commodity prices has different implications for these businesses. Do not assume that higher production or a bigger project budget automatically means better returns. Both companies have scheduled their earnings calls for November 3, after the November 2 releases, so the discussion of spending and the outlook continues the next day.
6) Realty Income and SBA: focus on cash earnings per share
Realty Income collects property rent; SBA Communications leases wireless infrastructure. At both businesses, compare the income produced by assets with the cost of debt and new investment. For Realty Income, tenant payments and investment returns help determine dividend capacity. For SBA, tower leasing and customer spending shape growth. Adjusted funds from operations is a company-defined measure that adjusts accounting profit for items including property depreciation. Read its reconciliation and per-share outlook alongside debt commitments. It is not the same as cash available after every expense. Tower peer American Tower raised its outlook on October 27. Its third-quarter property revenue grew 4.5%, while adjusted funds from operations attributable to common shareholders grew 2.4%. That gives SBA investors a recent benchmark for the sector; differences in geography and data-center exposure limit direct comparison.
7) onsemi: look for orders that can improve factory economics
onsemi makes power and sensing chips for automotive, industrial and other markets. Watch the sales outlook, customer inventory and factory costs. More orders can help profitability when they allow production facilities to operate more efficiently, but weak customer demand remains a risk. Texas Instruments reported third-quarter revenue of $6.06 billion on October 21, up 28% from a year earlier, with growth across industrial, automotive and data-center markets. This is recent sector context, not an onsemi result or a consensus comparison. Product and customer differences still matter.
8) What to do with the first headlines
Separate reported figures from management forecasts, and compare adjusted earnings with accounting profit. EPS means profit per share. For the property businesses, cash-earnings measures and financing costs may explain more than EPS alone. After-close prices can move sharply while investors interpret the outlook. Wait for the relevant release and management explanation before deciding whether a headline changes the longer-term investment case.