The Read
Apple’s stock fell about 11% after Q3 2026 earnings despite a 6.
The schedule
- Thu5Nov
Fiscal Q4 2026 earnings print and crucial holiday forward guidance assessing tariff impacts.
- Thu10Dec
Anticipated final ruling or settlement phase in the DOJ antitrust lawsuit concerning App Store policies.
- Fri30Apr
Fiscal Q2 2027 earnings print and anticipated update to the company's capital return program.
- Fri7May
Fiscal Q1 2027 earnings release covering the critical holiday sales period.
Past
- Tue15Sep
Annual September event revealing the iPhone 18 lineup and next-generation Apple Watch.
- Thu30Jul
Actual outcome: Bear · $218.00 at outcome
Although Apple delivered a 6.1% EPS beat ($2.42 versus the $2.28 estimate), the stock initially fell below the $225 bear floor. The bearish reaction was driven by reports of a delay in the highly anticipated foldable iPhone, alongside market concerns over weaker iPhone sales and higher memory costs weighing on the outlook.
Although Apple delivered a 6.1% EPS beat ($2.42 versus the $2.28 estimate), the stock initially fell below the $225 bear floor. The bearish reaction was driven by reports of a delay in the highly anticipated foldable iPhone, alongside market concerns over weaker iPhone sales and higher memory costs weighing on the outlook.
- Mon8Jun
Actual outcome: Bear · $253.15 at outcome
Apple's WWDC presentation on its new AI capabilities left investors underwhelmed, prompting a 4% drop in shares. Analysts offered a mixed read on the company's AI progress, leading to skepticism about the immediate consumer platform shift and driving the stock toward the bear floor.
Annual developer presentation focused on Apple Intelligence capabilities and new operating systems.
- Fri1May
Actual outcome: Bull · $231.60 at outcome
Apple delivered a clear beat on both the top and bottom lines, reporting record March quarter revenue driven by strong iPhone sales and an EPS of $2.42 that exceeded estimates by 6.1%. The stock reached the bull target as investors responded to the company's ability to maintain high Services margins and successfully navigate rising memory costs while advancing its Apple Intelligence strategy.
Quarterly financial results focusing on Apple Intelligence adoption rates and Services margins.
