Unity Posts First GAAP Profit Since IPO as Tapestry, ConocoPhillips and Cardinal Health Lead a Broad Earnings Beat Wave

A heavy wave of third-quarter and fiscal first-quarter earnings reports on November 5, 2026 produced a string of significant beats across technology, energy, consumer, and healthcare sectors, with Unity Software and Tapestry delivering the sharpest market reactions of the session.

Unity Software surged 23% after reporting its first GAAP-profitable quarter since going public, with revenue rising 32% year-over-year to $622 million against estimates of $567 million, and diluted EPS of $0.25 far exceeding the $0.05 consensus. Adjusted EBITDA reached $257 million. The company's Vector advertising product grew 126% year-over-year and 40% sequentially. Unity guided Q4 strategic revenue of $683 million to $691 million with adjusted EBITDA of $290 million to $295 million.

Tapestry jumped more than 10% after its fiscal first quarter revenue of $1.89 billion and adjusted EPS of $1.82 both beat expectations, with Coach brand sales rising 16% year-over-year while Kate Spade fell 10%. The company raised its full-year fiscal 2027 EPS guidance to $8.25 to $8.35, up from a prior $7.80 to $7.90, and boosted its planned share repurchase program by $350 million to $1.7 billion. The company added 2.6 million new consumers in the quarter, roughly 35% of them from Generation Z.

ConocoPhillips beat profit estimates with adjusted EPS of $3.27 against the $3.04 consensus, on adjusted net income of $3.9 billion and cash flow from operations of $7.20 billion. The company raised its ordinary quarterly dividend by 11% to $0.93 per share and guided Q4 production at 2.32 million to 2.36 million barrels of oil equivalent per day. Average realized price was $61.40 per barrel of oil equivalent, 32% higher than a year earlier.

Cardinal Health posted a strong fiscal first-quarter beat, with adjusted EPS of $3.26 versus the $2.93 estimate on revenue of $67.5 billion against a $66.71 billion forecast. The company raised its full-year adjusted EPS guidance to $12.80 to $13.00 from a prior $12.40 to $12.60. Parker-Hannifin also delivered a notable beat, with non-GAAP EPS of $8.90 topping estimates by $0.73 and revenue of $5.99 billion beating by $200 million.

In energy utilities, Duke Energy reported Q3 adjusted EPS of $1.99 against estimates of $1.86 on operating revenue of $9.10 billion, and narrowed its full-year adjusted EPS view to $6.70 to $6.80. Southern Company topped estimates more decisively, with non-GAAP EPS of $1.94 beating by $0.23 on revenue of $8.84 billion, which surpassed forecasts by $430 million.

Becton Dickinson beat on both lines for its fiscal fourth quarter, reporting adjusted EPS from continuing operations of $4.15 against the $4.07 estimate on revenue of $5.27 billion versus $5.12 billion expected, and issued fiscal 2027 adjusted EPS guidance of $13.10 to $13.30. Arrow Electronics reported record quarterly revenue of $10.7 billion, beating estimates by $690 million, with non-GAAP EPS of $6.22 topping forecasts by $1.26.

Appian beat on both revenue and earnings, with Q3 revenue of $234.6 million surpassing the $215 million estimate by 9% and adjusted EPS of $0.51 beating by $0.18. The company raised full-year revenue guidance to $873 million to $877 million and full-year adjusted EPS guidance to $1.20 to $1.24.

Ralph Lauren reported fiscal second-quarter revenue of $2.19 billion, up 9% and $60 million above estimates, with non-GAAP EPS of $4.64 beating by $0.38. The company raised its fiscal 2027 constant-currency revenue growth forecast to approximately 6% to 7% from a prior 5% to 6%, yet shares fell roughly 8.5% in pre-market trading. Eos Energy Enterprises reported revenue of $82.7 million, up 171% year-over-year, and announced a 10 MW, 100 MWh long-duration energy storage project in West Virginia with MN8 Energy and Google. The company received an $87 million first advance under a second tranche of its DOE loan and reported a backlog of $765 million representing 3.2 gigawatt-hours.

On the downside, Papa John's missed on both revenue and earnings, with Q3 revenue falling 10.5% year-over-year to $454.8 million and adjusted EPS dropping 50% to $0.16. North America comparable sales fell 8.3%. Wendy's revenue of $547 million beat estimates but global same-restaurant sales fell 5.2%, and the company unveiled a multi-year strategy called Dave's Way. Cummins missed on revenue at $9.4 billion versus the $9.87 billion estimate and on adjusted EBITDA at $1.79 billion against $1.86 billion expected, though it guided full-year EBITDA growth of approximately 18.2%.