Apple beat Wall Street's targets for its fiscal fourth quarter, but its stock fell in extended trading.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
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% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Apple Posts Fiscal Q4 Beat On Strong iPhone, Services Sales
Apple beat Wall Street's targets for its fiscal fourth quarter, with strong iPhone and services sales. Its stock was flat in extended trading after the report was released late Monday.
- Apple Sales Rise 12%; Tariff Refunds Pad EPS: Rapid Earnings Reaction
Apple posted record September-quarter revenue of $114.5 billion for fiscal 2026's fourth quarter, up 12% year over year, while shares were roughly flat after hours. Tariff refunds, a one-time item, added about 1 percentage point to gross margin and $0.05 to EPS; without them, EPS growth would be about 11%, slightly below sales growth. Diluted EPS rose 14% to $2.10, gross margin reached 47.9%, and operating cash flow was $28 billion, with $28 billion returned to shareholders. The holiday quarter is the next test, as Apple launches the iPhone Duo, new home hardware, touch on the Mac and a rebuilt Siri; high early production costs could pressure margins. The article suggests watching gross margin excluding refunds, with holding near 47% indicating the new lineup is not eating into profit.
- Apple earnings: iPhone sales lead revenue upward
Apple reported higher-than-expected revenue for its latest quarter, as iPhone sales picked up.
- Apple's Fourth-Quarter Results Beat Estimates Amid Strong iPhone Sales
- Apple's Q4 earnings results beat estimates, including iPhone sales
Apple reported fourth-quarter results after the close on Monday, with EPS of $2.10 versus analyst estimates of $2.00. Revenue came in at $114.48 billion, above the $113.47 billion expected, and iPhone revenue reached $57.58 billion versus estimates of $56.49 billion.
- Apple Beats Earnings in Ternus' First Quarter: Why Is the Stock Falling?
Apple's earnings beat forecasts on record iPhone sales, but sales in Greater China fell about $1 billion short of expectations.
Related markets
Latest news
- Stock Market Today, Nov. 2: Rivian Rallies on UBS Upgrade and Solid R2 Demand Outlook
Rivian Automotive (RIVN) closed up 8.47% at $13.19 on Nov. 2, with trading volume of 64.3 million shares, about 165% above its three-month average of 24.3 million. UBS upgraded the stock to Buy from Neutral/Hold, kept its $17 target, and said the recent sell-off was overdone ahead of the R2 ramp, also expecting solid early R2 demand and a positive automotive gross margin percentage as Rivian exits 2026. Rivian's third-quarter revenue rose 38% year over year to $2.2 billion, with gross profit of $176 million, up $152 million, and the budget R2 became its best-selling vehicle by volume in the quarter. Its Volkswagen joint venture received a $1 billion term loan in October. The same day, the S&P 500 fell 0.50% to 7,542 and the Nasdaq Composite dropped 1.07% to 25,164, while Rivian has fallen 87% since its 2021 IPO.
- Apple posts stronger-than-expected Q4 revenue in first earnings report for new CEO John Ternus
Apple reported fiscal fourth-quarter revenue above expectations, giving new CEO John Ternus, whose tenure began in September, a positive start, while several tech peers including Alphabet, Amazon and Intel posted disappointing results. The company earned $30.71 billion, or $2.10 per share, in the July–September period, up 12% from $27.47 billion, or $1.85 per share, a year earlier, including 5 cents per share from tariff refunds. Revenue rose 12% to $114.5 billion from $102.5 billion, beating analysts' average forecast of $1.99 per share on $113.4 billion in revenue, according to FactSet. Emarketer analyst Jacob Bourne said record iPhone revenue and strong growth in China show the resilience of Apple's business, and that its cautious approach to AI infrastructure spending helps preserve cash flow, while partnerships with Alphabet could strengthen its AI capabilities without the same financial risks as peers. Shares were flat in after-hours trading, after closing down 1.8% at $338.32 in regular trading.
- Why Franklin Electric Stock Raced 5% Higher on Monday
Franklin Electric (FELE) shares rose more than 5% on Monday after DA Davidson analyst Matt Summerville upgraded the stock to Buy from Neutral and raised his price target to $135 from $105. Summerville pointed to the company's growing exposure to high-growth areas, including new products for data center infrastructure and critical minerals, and said its distribution business could lift segment margins and revenue growth. He also highlighted Franklin's relatively clean balance sheet. The author agrees the company is an under-the-radar beneficiary of hot industries, but notes that its core markets, which make up most of its business, remain vulnerable to rising interest rates and construction-industry downcycles.
- Micron Technology: Is This a Sign That Its Stock Has Already Peaked?
Micron Technology (MU) shares fell 5.78%, after an earlier rally driven by strong memory demand and the company's ability to raise prices; the stock crossed a $1 trillion market cap earlier this year but now trades near $940 billion. Its 30-day average trading volume has fallen significantly since peaking around late June, which the author cites as a sign that interest in the stock has faded. The stock's earnings multiple of 11 looks low, but the author argues it is skewed by very strong recent results, and that more supply could come online sooner than expected. With the stock up more than 1,000% over five years, some investors may simply want to cash out before it's too late, and the author says he would not buy Micron at this stage given the risks of cyclical stocks.
- Apple Q4 earnings call: Ternus breaks down 'excellent quarter'
Apple CEO John Ternus said total company revenue set records for the September quarter and the full fiscal year. iPhone revenue reached $57.6 billion, up 17% from a year earlier despite supply constraints and foreign exchange headwinds, marking a September-quarter record and the company's best fiscal year ever for iPhone. Services, Apple's second-largest segment, posted an all-time record in the quarter and closed out its best year ever. Apple grew in most of the markets it tracks, setting September-quarter records in the Americas, Europe, Greater China and the rest of Asia Pacific, along with an all-time record in India, and it also set a record for upgraders worldwide.
- Why Wingstop Stock Keeps Going Up
Wingstop shares (WING) rose nearly 9% on Monday, extending their post-earnings gains after the company reported third-quarter results on Oct. 28. Revenue rose 5.3% year over year to $185 million on new store openings, with 76 net new stores bringing the total to 3,331 locations as of Sept. 26, including 2,787 in the U.S. and 544 franchised international locations. However, domestic same-store sales fell 5.4% as consumers pulled back on dining out amid rising gas prices and other costs, and the company lowered its full-year same-store sales forecast to a decline of 6.5% to 7%. Adjusted net income was $29.3 million, or $1.08 per share, above Wall Street's estimate of $1.02. CEO Michael Skipworth said the Club Wingstop loyalty program is helping to draw guests back, and the company plans to open as many as 450 net stores in 2026 while working toward more than 10,000 restaurants globally.
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.