Apple Falls More Than 8% On Earnings Beat As Weak September Revenue Guidance And Chip Shortages Weigh On Shares
Apple reported June-quarter revenue of $109.42B and earnings per share of $2.02, beating analyst estimates driven by strong iPhone and Mac sales. The stock fell more than 8% in extended trading after the company lowered its forward revenue outlook.
CFO Kevan Parekh projected September-quarter revenue growth of 9% to 11% year over year, a pace below consensus expectations, citing rising memory chip costs and supply constraints for advanced system-on-chip nodes. The report also showed misses in Greater China and services revenue, marking Tim Cook’s final quarterly earnings presentation before stepping down as chief executive.
From the sources (25 posts)
@tradfi*APPLE 3Q REV. $109.42B, EST. $108.85B *APPLE 3Q EPS $2.02, EST. $1.89 *APPLE 3Q MAC REVENUE $10.35B, EST. $8.62B *APPLE 3Q IPHONE REVENUE $54.25B, EST. $53.6B $AAPL
@alphasenseinc$AAPL Earnings: - Revenue of $109.4 billion, up 16 percent year over year. - iphone revenue: $54.25 billion - Services revenue: $30.74 billion - Company gross margin was 50.1 percent, including a favorable impact of approximately 2 perce
@financialjuice🔴$AAPL Apple Q3 Earnings EPS $2.02, est. $1.89 Revenue $109.42B, est. $108.85B Products Revenue $78.68B, est. $77.25B Services Revenue $30.74B, est. $31.36B iPhone Revenue $54.25B, est. $53.60B Mac Revenue $10.35B, est. $8.62B iPad Revenue
@firstsquawkAPPLE POSTED Q3 EPS OF $2.02 VERSUS $1.89 EXPECTED, WITH REVENUE OF $109.42 BLN ABOVE THE $108.85 BLN ESTIMATE, PRODUCTS REVENUE OF $78.68 BLN VERSUS $77.25 BLN AND IPHONE REVENUE OF $54.25 BLN VERSUS $53.60 BLN, THOUGH SERVICES REVENUE OF
@cnbcApple earnings live updates: Revenue tops estimates as iPhone sales jump 22%
@wallstengineApple $AAPL Q3'26 EARNINGS HIGHLIGHTS 🔹 Revenue: $109.42B (Est. $108.85B) 🟢; +16.4% YoY 🔹 EPS: $2.02 (Est. $1.89) 🟢; +28.7% YoY 🔹 Greater China: $18.82B (Est. $19.58B) 🔴; +22.4% YoY Segment Revenue: 🔹 iPhone: $54.25B (Est. $53.6B) 🟢; +21.
@kalshiBREAKING: Apple releases Q2 earnings • EPS: $2.02 vs $1.89 est • Revenue: $109.4B vs $108.9B est $AAPL -5% after-hours
@techmemeApple reports Q3 revenue up 16% YoY to $109.42B, vs. $108.65B est., net income up 27% to $29.79B, and China revenue up 22% to $18.82B (Apple) (Visit Techmeme dot com for the link and full context!)
@stocksavvyshay$AAPL Q3 EARNINGS • Revenue $109.4B vs Est. $108.9B • EPS $2.02 vs Est. $1.89 • China Revenue $18.8B vs Est. $19.6B • iPhone Revenue $54.3B vs Est. $53.6B • Mac Revenue $10.4B vs Est. $8.6B • R&D spend: $11.7B (+32% YoY)
@businessApple sales grew slower than analysts anticipated last quarter in China and its services business, sparking concerns about two key markets
@polymarketBREAKING: Apple reports $109,400,000,000.00 in quarterly revenue, beating estimates as iPhone & Mac demand accelerates.
@axiosApple's final Tim Cook quarter ends strong
@techmemeApple Q3: iPhone up 22% YoY to $54.25B, vs. $53.86B est., Mac up 29% to $10.35B, iPad down 6% to $6.19B, and Wearables, Home, and Accessories up 6% to $7.88B (@stephennellis / Reuters) (Visit Techmeme dot com for the link and full context!
@zerohedgeApple Tumbles On China, Service Revenue Miss
@financialjuiceApple CFO: anticipates September quarter company revenue growth of 9% to 11% year over year - conf call
@financialjuiceApple expects iPhone revenue growth rate to be mid-teens year over year: CFO on conference call
@firstsquawkAPPLE CFO SAYS IT PROJECTS SEPTEMBER-QUARTER GROSS MARGINS BETWEEN 47% AND 48%, INCLUDING A ONE-PERCENTAGE-POINT BOOST FROM TARIFF REFUNDS - CONF CALL
@firstsquawkAPPLE CFO SAYS IT EXPECTS IPHONE REVENUE GROWTH IN THE MID-TEENS YEAR-OVER-YEAR - CONF CALL
@firstsquawkAPPLE CFO SAYS IT ANTICIPATES SEPTEMBER-QUARTER COMPANY REVENUE GROWTH OF 9% TO 11% YEAR-OVER-YEAR - CONF CALL
@mweinbachApple is really pushing that there will be supply constraints in the September quarter for iPhone, which essentially means the iPhone 18 series will not be easy to get. Good for investors to know, but worth mentioning for consumers too
@financialjuiceApple expects supply constraints to rise sharply from June to September quarter: CFO, impacting iPhone, Mac and iPad
@wallstengineAPPLE $AAPL OUTLOOK: Q4 Guide: Revenue: +9% to +11% YoY; ~$112B-$114B (Est. $114.84B) 🔴 iPhone: Mid-teens % YoY Services: Similar to Q3 ex-FX; Gross Margin: 47%-48%; incl. ~1pp tariff-refund benefit Supply constraints (advanced-node SoC
@kobeissiletterBREAKING: Apple stock, $AAPL, extends losses to -8% after reporting weaker than expected revenue guidance. The stock has now erased -$390 billion in market cap in 60 minutes.
@trendspiderApple $AAPL extends drop to more than -8% in after-hours after lowering forward revenue guidance 🩸 Apple's CFO stated the company expects supply constraint to increase significantly in the coming months.
@wallstengineApple $AAPL CEO Tim Cook on memory supply: “Primarily, the DRAM market has three suppliers. Obviously, if there were more suppliers, that would be good.” “It would help us on the supply side and perhaps the pricing side. It’s unclear on t