| AAPL |
Report |
Total Revenue (Q3 FY26 / June quarter) |
BEAT |
pred ~$110.3B vs. cons $108.9B |
MEDIUM |
| AAPL |
Report |
Diluted EPS (Q3 FY26) |
BEAT |
pred ~$1.94 vs. cons $1.89 |
MEDIUM |
| AAPL |
Report |
iPhone Revenue (Q3 FY26) |
BEAT |
pred ~$56.0B vs. cons $54.8B |
MEDIUM |
| AAPL |
Guide |
Q4 FY26 (Sept quarter) Revenue Growth YoY |
BETTER |
guide ~11% vs. cons ~9.5% (Sept-qtr FY26) |
LOW |
| AAPL |
Guide |
Q4 FY26 Gross Margin |
LOWER |
guide ~46.5%-47.3% (mid ~46.9%) vs. cons ~47.8% (Sept-qtr FY26) |
HIGH |
| AAPL |
Guide |
Q4 FY26 Operating Expenses |
LOWER |
guide ~$19.6B vs. cons ~$19.2B (Sept-qtr FY26, higher opex = unfavorable vs. Street) |
MEDIUM |
| AAPL |
Return |
Day-1 residual (stock − beta × S&P 500) |
+0.6% |
— |
MEDIUM |
| AAPL |
Return |
5-day cumulative residual |
-1.8% (FADE) |
Headline revenue/EPS beat and iPhone strength drive an initial modest pop (helped by the emotional Cook farewell narrative), but the memory-cost-driven September-quarter gross margin guide below consensus forces sell-side FY26 EPS estimate cuts over the following days. With the stock priced at 35x+ forward earnings for a 'beat-and-raise,' a beat without a raise on margins triggers valuation-multiple compression as models get trimmed for the seasonally critical iPhone-launch quarter, producing a fade rather than follow-through. |
MEDIUM |