Apple reports quarterly results on Monday evening, the first since John Ternus replaced Tim Cook as CEO in September. According to LSEG estimates reported by Reuters, revenue is expected to rise nearly 11% to $113.39 billion and net profit about 6% to $29.04 billion. iPhone revenue is forecast to grow about 15% to $56.54 billion, slowing from roughly 22% in the previous three months, while services revenue may rise almost 10% to $31.56 billion, its slowest pace in more than three years. Investors will watch Christmas-quarter guidance, sales of the iPhone Duo foldable (on sale from 23 October, after the reporting period, starting at $1,999 in the US) and rising memory-chip costs, with TechInsights estimating memory and storage in the iPhone 18 Pro at about $196, versus roughly $52 in the iPhone 17 Pro.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
AAPLearningssemiconductorstech stocks
Open a keyword to see other news on the same topic.
Related tickers and likely impact
AAPL
▼ Likely negativeApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 10/30/2026 | 344.79 |
| Change that session | -1.18% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Apple Q4 earnings on deck: What to expect
Apple is scheduled to report fiscal fourth-quarter 2026 results after the U.S. market closes on Monday, with its conference call at 5 p.m. ET and investors awaiting the first outlook under CEO John Ternus. Wall Street expects revenue of about $113.4 billion, annual growth of roughly 10.7%, and earnings of $1.98 to $1.99 per share. Investors will focus on early demand for the iPhone 18 lineup and the foldable iPhone Duo, as well as memory-chip costs that could pressure margins. The holiday-quarter forecast carries extra weight as Apple enters its key shopping season, and its previous gross margin outlook was 47% to 48%. Questions are also expected on Apple's AI plans and how Ternus will incorporate AI into its products.
- Apple Has a Costly Problem Ahead of Earnings as Memory Prices Surge
Apple faces its first major earnings test under CEO John Ternus, who replaced Tim Cook in September, as expensive memory chips threaten to squeeze profitability during a busy product cycle. Analysts expect rising memory costs to slow quarterly earnings growth to its weakest pace in six quarters. For the July-to-September quarter, Wall Street projects revenue of $113.39 billion, nearly 11% annual growth, and net income of $29.04 billion, up 6%. iPhone revenue could rise 15% to $56.54 billion, while services sales may advance 10% to $31.56 billion. Ternus will also face questions on AI strategy and planned Siri improvements, and Apple shares have risen 27% this year as investors favored its measured spending on AI infrastructure.
- Apple And Palantir To Kick Off Tech Earnings In Another Crucial Week, AMD To Settle Chip Debate After Intel's Warning
Investors are heading into a key earnings week after last week's sharp selloff following weak reports from Alphabet, Intel and Amazon. Apple and Palantir report on Nov. 2 after the close, with Apple's revenue expected to rise 11% to $113.35 billion, its slowest growth in four quarters, and Palantir's Q3 revenue expected to rise 85% to $2.18 billion, with adjusted profit seen up 94% to $0.41 per share. AMD reports on Nov. 3, and its results will help determine whether Intel's weakness is company-specific or reflects a broader problem in the chip market, with Q3 revenue expected to rise 42% to $13.01 billion. Snap reports on Nov. 4 with revenue expected to rise 15% to $1.73 billion, after Alphabet and Reddit gave mixed signals on the ad market.
- Apple Q4 Earnings: Holiday Sales Outlook, iPhone Duo Demand And Memory Costs Take Center Stage In First Report Under New CEO
Apple's fiscal fourth-quarter report, due after Monday's close, is the first under new CEO John Ternus, with investors focused on holiday sales outlook, demand for the iPhone Duo and rising memory costs. Revenue is expected to rise 11% to $113.35 billion, the slowest growth in the past four quarters, while adjusted profit is seen up 8% to $1.99 per share, according to Koyfin. LSEG-Reuters estimates iPhone sales will climb about 15% to $56.54 billion, while services are expected to grow almost 10% to $31.56 billion, the slowest pace in over three years. Morningstar sees AAPL as moderately overvalued and will watch December-quarter iPhone revenue guidance and the impact of memory costs on unit prices. Bank of America removed Apple from its 'US 1 List' last week, and per Koyfin, 24 of 43 analysts rate AAPL 'Buy' or higher, 13 'Hold' and six 'Sell' or lower.
- Apple's Biggest Threat Isn't Android — It's AAPL's Own Devices, Analyst Says Ahead Of Q4 Earnings
Craig Moffett of MoffettNathanson warns Apple's valuation, about 36 times forward earnings, leaves little room for disappointment ahead of its fiscal Q4 report on Monday. With an earnings yield of about 2.8%, roughly half the Treasury yield, and shares up about 27% this year, investors may have priced in too much safety. His bigger concern is that higher memory costs have lifted base device prices by about $100 and carriers have not offset them with promotions, so consumers may delay upgrades. Wall Street expects EPS of $1.98 on revenue of $113.25 billion. Deepwater's Gene Munster forecasts 20 million iPhone Duo units in FY27, versus the Street's roughly 12 million.
- Apple Set to Dethrone Nvidia as Largest Company by Market Cap
Related markets
Latest news
- Securities firm reveals 8 notable stocks suitable for investing in November
MBS says the market could see a technical rebound after two consecutive monthly declines in September and October, noting that November has risen in 70% of the past 10 years, with an average gain of 3.8%. The VN-Index is still 51.78 points (3.1%) above its October low, but many sectors have fallen below that bottom, and excluding Vingroup-linked stocks, the rest of the market has already broken it. The report lists eight stocks, including HPG, MWG, TCB, VCB, STB, VHM, GVR and TCX, which MBS sees as having factors supporting business performance through late 2026 and beyond. Hòa Phát (HPG) posted Q3 2026 net profit of 8,217 billion VND, up 106% year on year; Techcombank (TCB) reported pre-tax profit of 10,375 billion VND, up 25.8%; and Vinhomes (VHM) saw Q3 revenue and net profit rise 420% and 453%.
- Why investors are dumping tech stocks, in one image
The article argues that tech stocks are falling for fundamental reasons: free cash flow at Big Tech leaders is drying up while capital expenditure rises sharply, leading investors to question whether this ratio is out of line with more realistic AI growth projections. According to The Kobeissi Letter, combined capex at Amazon, Alphabet, Meta and Microsoft rose $36.9 billion in the third quarter to $201.9 billion, more than doubling over 12 months and up 356% since the first quarter of 2024. Combined free cash flow of the four fell $33.1 billion to a negative $26.4 billion, its lowest on record, and only Microsoft reported positive free cash flow. The strategists estimate the companies will spend another $232 billion on capex in the fourth quarter, and that Big Tech has spent $1.6 trillion on capex over the last three years. The AI trade slid on Friday, wiping out more than $1 trillion in market value.
- Silver prices today, Monday, November 2, 2026: Silver prices slide, opening at the lowest level since November 7, 2025
Silver December futures opened at $49.20 per ounce on Monday, November 2, 2026, down 0.2% from Friday's close, and traded at $50.25 by 7:21 a.m. ET. Versus the opening price, silver is down 9.1% over one week and 20.1% over one month, its largest monthly decline since September, and up just 1.6% year over year, the smallest annual gain since the daily series began. The article notes silver's year-over-year growth was 173.3% on May 14. It also explains options for investing in silver: physical bullion and coins, which involve storage, security, insurance and dealer markups, and silver ETFs, which trade through brokerage accounts but may be taxed as collectibles and carry expense ratios.
- Meet the Spectacular Vanguard ETF With 44.6% of Its Portfolio Parked in Nvidia, Alphabet, Apple, and Microsoft
The Vanguard Morningstar Mega Cap Growth ETF (MGK) tracks an index of 52 of America's most valuable growth companies, which together are worth almost as much as the other 3,424 companies in the Morningstar US Total Market index. Nvidia, Alphabet, Apple and Microsoft, with a combined market capitalization of $17.6 trillion, make up 44.6% of the fund's portfolio, and the article links them to AI efforts such as Nvidia's Vera Rubin GPU systems and Microsoft's Copilot. Since January 2023, these four stocks have a median return of 195%, although AI stocks have recently pulled back. The ETF has delivered a compound annual return of 13.8% since 2007, versus 10.9% for the S&P 500, but the article notes its concentration in 52 stocks means diversification may help reduce downside risk. In the article's example, $20,000 in an S&P 500 fund in 2007 would be worth $142,800 today, while putting $10,000 into each of the S&P 500 and this ETF would have reached $188,000.
- Cloud Numbers Are In; This Week the Spotlight Moves to Phones, Laptops and Chips
Microsoft, Alphabet and Amazon reported third-quarter results last week, with next-session share moves ranging from a fractional dip to a double-digit drop. Attention now turns to consumer hardware, with Apple reporting fourth-quarter results on Monday, November 2, and Qualcomm reporting on Wednesday, November 4, after the close. Purchases of property and equipment rose sharply: Microsoft $39.4 billion (vs. $19.4 billion), Alphabet $51.4 billion (vs. $24.0 billion) and Amazon $77.3 billion (vs. $35.1 billion), and Amazon still expects about $220 billion in 2026 cash capital expenditures. The article notes rising semiconductor input costs, which Qualcomm said it is reflecting in product pricing, and that Apple's June-quarter gross margin of 50.1 percent included about 2 percentage points from tariff refunds.
- Revival Gold Advances Pre-Feasibility Study and Permitting Work at Mercur, Utah's Largest Primary Gold Development Project
Revival Gold has completed about 24 kilometer of resource delineation drilling at Mercur in Utah over 18 months to upgrade Inferred resources to the Measured & Indicated category. Its consultants are updating resource models and a geometallurgical model, and 18 column leach tests supporting the PFS have been completed, with full results expected later this month. Another 11 column leach tests, using four new composites, are expected to report in Q1 2027. A trade-off study favored the Main Mercur heap leach site over West Mercur for more favorable geotechnical conditions and shorter ore haulage distances, though the site is more constrained. The company targets an updated MRE, a PFS and a possible Notice of Intention to revise the LMO permit by the end of Q1 2027.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.