EARNINGS & CATALYSTS · November 3, 2026
November 3 after-close earnings preview: AI margins, travel demand and insurance costs in focus
Ahead of November 3 after-close earnings, watch whether AMD and Arista turn AI demand into profitable growth, Booking sustains travel demand, and insurers contain costs. Amgen, Block and IFF add distinct business tests.
| Company | Report date | Window | EPS estimate | Revenue estimate |
|---|---|---|---|---|
| Advanced Micro Devices, Inc. (AMD) | November 3, 2026Issuer confirmed | After close | 1.95 | 13.1B |
| Amgen Inc. (AMGN) | November 3, 2026Issuer confirmed | After close | 5.79 | 10.07B |
| Arista Networks, Inc. (ANET) | November 3, 2026Issuer confirmed | After close | 1.08 | 3.33B |
| Booking Holdings Inc. (BKNG) | November 3, 2026Issuer confirmed | After close | 4.49 | 9.55B |
| Block, Inc. (XYZ) | November 3, 2026Issuer confirmed | After close | 1.03 | 6.58B |
| American International Group, Inc. (AIG) | November 3, 2026Issuer confirmed | After close | 1.88 | 7.42B |
| Prudential Financial, Inc. (PRU) | November 3, 2026Issuer confirmed | After close | 3.34 | 14.66B |
| International Flavors & Fragrances Inc. (IFF) | November 3, 2026Issuer confirmed | After close | 0.81 | 1.91B |
1) What is scheduled after close on November 3?
AMD, Amgen, Arista Networks, Booking Holdings, Block, AIG, Prudential Financial and IFF have announced third-quarter earnings releases for after close on November 3, 2026. This report previews the decisions ahead. AIG, Prudential and IFF plan their management calls for November 4, so some explanations will follow the written results the next day.
2) AMD and Arista: can AI growth support margins?
AMD’s August 4 outlook put third-quarter revenue at $13 billion, plus or minus $300 million, with an adjusted gross margin of about 56%. Gross margin is the share of sales left after direct product costs. Compare the results with that outlook, then examine the next forecast and the mix of data-center and consumer products. Intel’s October 29 results showed Data Center and AI revenue up 78%, while its PC-focused business fell 5%. That is useful evidence of uneven chip demand, although AMD has a different product mix. Arista’s October 7 rack-scale Ethernet announcement adds another test: whether systems connecting larger groups of AI processors become timely customer orders and shipments. Watch revenue guidance, margins and dependence on a few large customers.
3) Amgen: what follows the recent clinical progress?
Amgen announced interim Phase 3 lung-cancer results on October 24 for Imdelltra combined with Imfinzi in a specific first-line maintenance setting. The findings make the route toward potentially broader treatment use an important management discussion. Trial progress does not itself establish an expanded approval or new quarterly sales. For the earnings report, focus on medicine sales, pricing and research spending. The balance between existing product cash flow and development costs matters alongside longer-term opportunities.
4) Booking: does travel demand become profitable growth?
Marriott’s November 2 report showed revenue per available room up 6.5% worldwide in constant currencies. That measure combines room pricing and occupancy. It provides a useful demand signal ahead of Booking’s report. Booking earns money from reservations and related travel services. Watch room nights, booking values and marketing costs together. Hotel operators and online travel platforms capture different parts of a trip’s economics, so stronger hotel demand is context rather than a forecast of Booking’s profit.
5) Block: are Square and Cash App growing efficiently?
Block’s coming report will help investors assess its seller-services business and consumer financial app together. Focus on gross profit, the amount left after direct costs, alongside operating expenses and cash generation. Customer borrowing can deepen engagement but brings repayment risk. Check whether growth in financial services comes with manageable credit losses. Revenue alone can give an incomplete picture because the mix of activities affects how much profit each dollar produces.
6) AIG and Prudential: are growth and costs under control?
AIG announced on October 30 that it signed an agreement to acquire Everest’s Chile insurance business and completed the separate Colombia acquisition. Chile remains subject to approvals, with closing expected in the first half of 2027. Expansion is more valuable when policy pricing covers claims and expenses. Watch the combined ratio: below 100% means an underwriting profit before investment income. Prudential’s October 15 filing estimated a $140 million reduction in third-quarter pre-tax adjusted operating income from its Japan sales suspension. That was preliminary information. Compare the final figure with the estimate and read the revised segment comparisons when judging the underlying business.
7) IFF: what remains after the planned divestiture?
IFF’s August 4 report treated Food Ingredients as discontinued operations after a signed sale agreement. That report expected closing by the end of the second quarter of 2027, subject to conditions. It did not describe the transaction as completed. Focus on sales and margins in the remaining business, costs that remain after a disposal, and the use of sale proceeds. Compare the same set of businesses across periods so a change in company size is not mistaken for weaker customer demand.
8) How should investors read the earnings releases?
Start with the business development, then revenue, cash flow and the next outlook. EPS means profit per share. Adjusted EPS removes selected costs and can differ from profit under GAAP accounting rules; compare matching measures. A good quarter can still be followed by a cautious forecast. After-close trading is thinner and price swings can reverse. The useful decision is whether the new information changes the company’s earning power and risks, rather than whether the first price reaction looks exciting.