Apple beat fiscal Q4 2026 expectations (reported Nov 2, 2026) with revenue of $114.48 billion and EPS of $2.10, yet the stock fell to $332.64 (-1.68%) as of 12:49 PM EST on Nov 3. The selling was driven by guidance: December-quarter gross margin of 45% to 46% against a consensus of 46.9%, and Services growth of 8% to 9% versus about 10.7% expected, with memory costs and Siri AI ramp costs adding pressure. iPhone revenue reached $57.58 billion, up about 17.5%, while tariff refunds added about 1 point to gross margin, though management said most refunds have been received. Analysts are divided on the AI strategy and valuation, with UBS expecting the P/E to compress to about 31x from 36x. The next earnings report is tentatively set for about Feb 4, 2027.
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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 11/02/2026 | 338.32 |
| Change that session | -1.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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