Apple (AAPL) Expected to Post Earnings on Monday

Key Points

• Apple is expected to report fiscal Q4 2026 earnings after Monday’s market close, November 2. Analysts forecast earnings of $1.99 per share on $113.31 billion in revenue.
• Apple’s previous quarter exceeded expectations, with EPS of $2.02 versus the $1.89 consensus and revenue of $109.42 billion, up 16.4% year over year.
• Investor focus will center on iPhone Duo demand and whether growth justifies Apple’s premium valuation. Strong launch interest and broader hardware and services opportunities are positive catalysts, while reported foldable-screen issues, execution risks and a price-to-earnings ratio near 40 present concerns.

Apple (NASDAQ:AAPL - Get Free Report) is expected to issue its Q4 2026 results after the market closes on Monday, November 2nd. Analysts expect the company to post earnings of $1.99 per share and revenue of $113.31 billion for the quarter. Interested persons may visit the company's upcoming Q4 2026 earnings report for the latest details on the call scheduled for Monday, November 2, 2026 at 5:00 PM ET.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%. The firm had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The company's quarterly revenue was up 16.4% compared to the same quarter last year. On average, analysts expect Apple to post $8.75 EPS for the current fiscal year and $9.60 EPS for the next fiscal year.

Apple Price Performance

AAPL stock opened at $347.73 on Monday. Apple has a twelve month low of $243.42 and a twelve month high of $351.73. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock's 50 day moving average is $329.75 and its 200-day moving average is $309.70. The firm has a market capitalization of $5.07 trillion, a PE ratio of 39.88, a P/E/G ratio of 2.75 and a beta of 1.07.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's dividend payout ratio is 12.39%.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand is the primary catalyst. The foldable phone launched globally Friday amid long lines, limited store inventory and reports that preorders are backordered into 2027. Supply-chain reports indicate Apple raised its first-year shipment target by 44%, to roughly 14 million units. The premium product could expand Apple’s addressable market and support revenue growth. Apple fans react as iPhone Duo hits stores
• Positive Sentiment: The launch strengthens Apple’s broader hardware and services roadmap. Analysts are evaluating whether the Duo can drive accessory, software and services revenue, while potential touchscreen Macs, smart-home products and an Apple-Schneider Electric energy-management partnership provide additional growth opportunities. Will Apple take over the smart home
• Positive Sentiment: Apple briefly reclaimed the title of world’s most valuable public company. AAPL approached or surpassed Nvidia’s approximately $5 trillion valuation as Nvidia shares weakened during a broader AI-stock selloff. Investors are treating Apple’s substantial cash generation and lower AI infrastructure spending as a relative safe haven. Apple tops Nvidia in market value
• Neutral Sentiment: The next major test is earnings. Apple’s fiscal fourth-quarter results are expected November 2, with investors looking for evidence that iPhone Duo demand, holiday sales and margins justify a stock trading near 40 times earnings. Analysts remain broadly constructive, but the average price target is close to recent trading levels.
• Negative Sentiment: Execution and valuation risks remain significant. Some early users have reported cracked foldable screens, while reviews cite first-generation glitches, a $2,000 price and limitations involving the camera and apps. These issues could affect returns, customer satisfaction and adoption.
• Negative Sentiment: Insider selling adds a modest cautionary signal. Senior Vice President Jennifer Newstead sold approximately $815,000 of AAPL shares, following several similar sales. The transaction is small relative to Apple’s size but may reinforce concerns that the stock has become expensive.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of analyst reports. Morgan Stanley reissued an "overweight" rating on shares of Apple in a research report on Wednesday. HSBC reaffirmed a "buy" rating and set a $366.00 price objective on shares of Apple in a report on Tuesday, September 8th. KeyCorp reaffirmed an "underweight" rating on shares of Apple in a report on Thursday, October 15th. Robert W. Baird upped their target price on shares of Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Apple in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.12.

Insiders Place Their Bets

In related news, SVP Deirdre O'brien sold 46,389 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the completion of the sale, the senior vice president directly owned 136,810 shares of the company's stock, valued at approximately $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of the firm's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the sale, the chief executive officer directly owned 59,567 shares of the company's stock, valued at approximately $19,832,236.98. This represents a 29.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 286,853 shares of company stock valued at $95,477,342. Insiders own 0.06% of the company's stock.

About Apple

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.

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