Apple Reports Q3 Earnings, Shares Drop on Weak Guidance
Apple (NASDAQ: AAPL) announced its financial results for Q3 2026, ending June 27, on July 30. The company reported a revenue increase of 16% year-over-year to $109.4 billion, with earnings per share rising 29% to $2.02. Despite these solid results, Apple’s forward guidance fell short of analyst expectations, contributing to a approximately 5% drop in shares.
In the past five years, Apple has faced several post-earnings stock declines of 3% or more but has historically rebounded. Notable prior instances include drops of about 4% on guidance warnings during Q2 2022 and Q2 2025. With CEO Tim Cook transitioning to Executive Chairman and John Ternus taking over, uncertainty looms regarding future performance, especially amid economic challenges and geopolitical tensions.
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