Apple has become only the second company in the world to reach a $5 trillion market cap and will report fiscal fourth-quarter and full-year 2026 results on Nov. 2. Management guided for 10% sales growth at the midpoint and a 47.5% gross margin, while Wall Street expects 10.6% sales growth and $1.98 in EPS, up from $1.85 a year earlier. The company expects a lower gross margin and slower iPhone sales growth, attributing the pressure to surging memory prices, which former CEO Tim Cook had earlier called a "100-year flood." This will be the first time new CEO John Ternus faces investors on earnings. With the stock up 27% year to date and trading near 40 times trailing 12-month earnings, the article notes that any doubt about results or guidance could weigh on the shares.
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Related tickers and likely impact
AAPL
• NeutralApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 10/29/2026 | 348.94 |
| Change that session | +1.49% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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