Equitable Holdings (EQH) shares surged 8.46% in after-hours trading following the release of its first-quarter 2026 financial results that exceeded analyst expectations and showed a significant profit turnaround.

The company reported adjusted earnings per share of $1.62, beating the FactSet consensus estimate of $1.61. Revenue for the quarter came in at $4.23 billion, also surpassing the $3.95 billion analyst forecast. More notably, net income swung to a profit of $621 million compared to $63 million in the same period last year, while adjusted operating earnings increased 12.11% to $472 million.

The strong performance was driven by strength in the retirement segment, which reported $1.3 billion in net inflows and a 10% increase in first-year premiums. The company also maintained its 2026 guidance of $1.8 billion in cash generation and reiterated confidence in its outlook, citing the recently announced all-stock merger with Corebridge Financial that is expected to be immediately accretive to earnings.