Apple reported fourth-quarter earnings per share (EPS) of $2.05, above the $1.99 estimate, on revenue of $114.48 billion versus $113.40 billion expected. Despite the beat on both lines, shares traded down 2.52% to $329.79 in the after-hours session following the report, against a prior close of $338.32.
Source: Trades in the regular session and after hours, against the close · as of November 2, 2026 at 6:45 PM ET · Five-minute closes. Extended-hours trading is thin; the price can move a long way before the open.
| Measure | Reported | Estimate | Result |
|---|---|---|---|
| Earnings per share | $2.05 | $1.99 | Beat |
| Revenue | $114.48 billion | $113.40 billion | Beat |
Source: Company earnings report and sell-side analyst consensus estimates · as of November 2, 2026 at 6:45 PM ET · Reported after the close on Monday, November 2, 2026.
Against the quarters before
Apple has topped estimates in each of its last four reported quarters. In the quarter reported July 30, 2026, EPS came in at $2.02 versus $1.89 expected, on revenue of $109.42 billion. The quarter reported April 30, 2026 showed EPS of $2.01 against $1.95 expected, with revenue of $111.18 billion. For the quarter reported January 29, 2026, EPS was $2.85 versus a $2.67 estimate, on revenue of $143.76 billion, and the quarter reported October 30, 2025 posted EPS of $1.85 against $1.73 expected, with revenue of $102.47 billion.
The latest quarter's beat of six cents on EPS and roughly $1.08 billion on revenue continues that pattern, though the size of the margin varies from quarter to quarter.
Source: Company earnings reports and the consensus estimates at the time
| Reported | EPS | Estimate | Revenue | EPS result |
|---|---|---|---|---|
| July 30, 2026 | $2.02 | $1.89 | $109.42 billion | Beat |
| April 30, 2026 | $2.01 | $1.95 | $111.18 billion | Beat |
| January 29, 2026 | $2.85 | $2.67 | $143.76 billion | Beat |
| October 30, 2025 | $1.85 | $1.73 | $102.47 billion | Beat |
Source: Company earnings reports and the consensus estimates at the time
How the stock took it
Shares fell 2.52% in the after-hours session to $329.79, down from the $338.32 close, even though both earnings and revenue exceeded estimates. Benzinga reported that the quarter included an all-time high in Apple's active installed base, a detail management highlighted alongside the results. The facts provided do not include further comments from management on guidance or margins.
| Measure | Value |
|---|---|
| Last close | $338.32 |
| Price | $329.79 |
| Change | -2.52% |
Source: Extended-hours trades against the regular close · as of November 2, 2026 at 6:45 PM ET · Extended-hours trading is thin; the price can move a long way before the open.
Who it buys from and sells to
Company filings list Qualcomm, Take-Two Interactive, Goldman Sachs, Broadcom and Corning as suppliers to Apple, while Best Buy and CDW are named as customers. Tracking these filed relationships can help investors understand how demand and supply conditions ripple across Apple's broader business, from chipmaking to retail distribution.
On the day, these linked stocks showed mixed moves: Qualcomm, Broadcom, Corning and Micron Technology each declined, while Take-Two Interactive, Goldman Sachs and Best Buy edged higher, and CDW also declined.
| Company | Role | Stock | Last move |
|---|---|---|---|
| Qualcomm | Supplier | QCOM | -1.64% |
| Take-Two Interactive | Supplier | TTWO | +1.01% |
| Goldman Sachs | Supplier | GS | +0.47% |
| Best Buy | Customer | BBY | +0.51% |
| CDW | Customer | CDW | -2.08% |
| Broadcom | Supplier | AVGO | -1.18% |
| Corning Inc. | Supplier | GLW | -0.02% |
| Micron Technology | Supplier | MU | -5.78% |
Source: Relationships named in company filings (Earnings call transcript; SEC 10-K annual report); stock quotes · as of November 2, 2026 at 6:45 PM ET · Named in filings; a neighbour's move is not evidence of a link to this report.