Key Highlights

  • Apple posted the largest Net Income at $30.7 billion, up from $27.5 billion a year earlier.
  • Diamondback Energy net income attributable was $1.603 billion, or $5.69 per diluted share.
  • Corebridge Financial net income to common shareholders was $1.44 billion, versus $144 million a year earlier.
  • Palantir GAAP net income was $1.128 billion, a 49% Margin on Revenue of $2.313 billion.
  • Equitable Holdings reported net income of $1.121 billion, against a net loss of $1.3 billion a year earlier.

Which Companies Reported the Biggest Quarterly Profits This Earnings Season?

This ranking orders five companies that reported on Nov 2, 2026 by quarterly net income, largest first. Apple (NASDAQ:AAPL) leads by a wide margin with $30.7 billion for its fiscal fourth quarter, up from $27.5 billion.

Diamondback Energy (NASDAQ:FANG) is second at $1.603 billion, and Corebridge Financial (NYSE:CRBG) third at $1.44 billion of net income to common shareholders. Palantir (NASDAQ:PLTR) reported $1.128 billion, and Equitable Holdings (NYSE:EQH) reported about $1.121 billion, a gap of only about $7 million (calculated).

The bases are not like for like. Corebridge and Equitable both reported net income that was far above their operating measures or a year earlier, and Corebridge's press release gives no total revenue figure. Apple reports a fiscal quarter, and the net income definitions vary slightly by company.

1. Apple: How Did Net Income Reach $30.7 Billion?

Apple reported fiscal fourth quarter 2026 net income of $30.7 billion on revenue of $114.5 billion, up 12%. Diluted EPS was $2.10, up from $1.85, and included a $0.05 benefit from Tariff refunds. Management said net income and EPS set September quarter records even without that benefit.

Company gross margin was 47.9%, including roughly 1 percentage point from tariff refunds, and operating expenses rose 21% to $19.2 billion. Fiscal 2026 net income was $132.2 billion.

Apple returned $28 billion in the quarter, including $24 billion of share repurchases and $3.9 billion of dividends, and ended with $137 billion in cash and marketable securities against $80 billion of debt. It guided December quarter gross margin to 45% to 46%, citing higher memory costs.

2. Diamondback Energy: What Lifted Net Income to $1.603 Billion?

Diamondback reported net income attributable to the company of $1.603 billion, or $5.69 per diluted share, compared with $1.018 billion, or $3.51, a year earlier. Adjusted earnings were $5.86 per diluted share. Revenue was $5.431 billion, and income from operations more than doubled to $2.5 billion.

The realized oil price was $87.30 per barrel versus $64.60 a year ago, while oil production of 525 MBO/d was flat with the second quarter. Free Cash Flow was $2.1 billion, and net Debt stood at $12.817 billion.

The board raised the annual base Dividend 7.3% to $4.72 per share, and the company lifted 2026 oil production guidance to about 524 MBO/d.

3. Corebridge Financial: Did Realized Gains Drive the $1.44 Billion Result?

Corebridge reported net income available to common shareholders of $1.44 billion, or $3.22 per diluted share, compared with $144 million, or $0.27. The company attributed the swing largely to favorable net realized gains, including changes in embedded Derivatives tied to a funds withheld Reinsurance arrangement and in Fair Value Market Risk benefits.

Adjusted after-tax Operating Income was $545 million, up from $520 million, and operating EPS rose to $1.22 from $0.96 as the diluted share count fell to 447 million from 541 million. Premiums and deposits dropped 29% to $8.8 billion.

The company returned $295 million to shareholders, split between $185 million of Buybacks and $110 million of dividends. Management said its planned Merger with another large insurer is advancing through regulatory approval.

4. Palantir: How Did Net Income Reach $1.128 Billion?

Palantir reported GAAP net income attributable to common stockholders of $1.128 billion, or $0.44 per diluted share, up from $475.6 million, or $0.18. Revenue was $2.313 billion, up 96%, and the net income margin was 49%.

U.S. commercial revenue rose 148% to $984 million and moved ahead of U.S. government revenue of $953 million for the first time. Adjusted free cash flow was $1.216 billion, and the company held $10.4 billion in cash and Treasury securities.

It raised 2026 revenue guidance to $8.530 billion to $8.534 billion and continues to expect GAAP operating income and net income in every quarter this year.

5. Equitable Holdings: What Turned a $1.3 Billion Loss Into $1.121 Billion of Profit?

Equitable reported net income of about $1.121 billion, or $4.05 per share, against a net loss of $1.3 billion, or $4.47 per share, a year earlier. Total revenues rose to $3.881 billion from $1.450 billion. The company combines a retirement and protection insurer, a majority-owned asset manager and a network of financial professionals.

Non-GAAP operating earnings were $595 million, or $2.13 per share, and $554 million, or $1.98 per share, excluding notable items, 19% above the prior year. The annual actuarial assumption review added $111 million to net income.

The company returned $320 million in the quarter, a 59% payout ratio, and completed the sale of its Employee Benefits Business on Oct 13, 2026.

Biggest Quarterly Profits Compared: Operating Strength Against One-Time Swings

The five companies together reported about $36.0 billion of net income (calculated), and Apple's $30.7 billion was about 5.8 times the other four combined (calculated). Net income as a share of revenue was about 48.8% at Palantir, 29.5% at Diamondback and 26.8% at Apple (calculated); Corebridge is excluded because its release gives no revenue.

Corebridge's net income was about 2.6 times its adjusted after-tax operating income of $545 million (calculated), and Equitable's was about 1.9 times its non-GAAP operating earnings of $595 million (calculated). That gap shows how much of those two results came from items outside core operations.

Apple, Diamondback and Palantir reported more direct operating drivers in their articles, though definitions and fiscal periods still differ.

What to Watch Next: Dividend Dates, Insurer Merger Approvals and Fourth Quarter Targets

Apple's $0.27 dividend is payable on Nov 16, 2026, and Diamondback's $1.18 quarterly dividend on Nov 19, 2026. Corebridge declared $0.25 per share, payable Dec 31, 2026 to holders of record on Dec 17, 2026, and scheduled its Earnings Call for Nov 3, 2026.

Corebridge's merger is advancing through regulatory approval, and Equitable said its own merger remains on track to close by year-end 2026, subject to approvals. Palantir guided fourth quarter revenue to $2.649 billion to $2.653 billion, and its fourth quarter results are the next milestone, with no date in its materials.