Apple reported Q4 FY2026 EPS of $2.10, above the $2 consensus, and revenue of $114.48 billion against a $113.46 billion estimate, yet the stock was down 4% at $325 ahead of the open. Tariff refunds, a one-time item, added $0.05 to EPS and about one percentage point to the 47.9% gross margin. The bigger concern was guidance: CFO Kevan Parekh expects December-quarter gross margin of 45% to 46%, below the 46.3% analyst estimate, mainly due to higher memory costs, and management said memory pricing will keep rising beyond that quarter. Greater China revenue of $17.54 billion also fell short of the $18.75 billion estimate.
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Related tickers and likely impact
AAPL
▼ Likely negativeApple Inc.
Relevance: high
| 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% |
MSFT
▼ Likely negativeMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 11/02/2026 | 507.12 |
| Change that session | -2.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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