Apple's fiscal fourth-quarter revenue, ended Sept. 26, rose 12% to $114.48 billion, above the $113.39 billion expected by LSEG, and EPS grew 14% to $2.10 versus $1.99 estimated. Shares fell about 3% in after-hours trading because guidance for gross margins and Services revenue growth came in below Street expectations, although overall revenue guidance beat forecasts. Rising memory costs continue to weigh on margins, while the foldable iPhone Duo sold out on launch and supply remains constrained. Apple repurchased $24 billion of stock in the quarter and $86 billion over the past 12 months. The analysts raised their price target to $360 from $340 but kept a hold-equivalent 2 rating, citing the stock's strong run and a valuation above 35 times next-12-month EPS estimates.
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Related tickers and likely impact
AAPL
▲ Likely positiveApple 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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