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watch nowVIDEO03:24Here’s how to play this tech giant’s stock as it reaches a record highOptions Action
Apple reports fiscal third-quarter results after the bell.
Here’s what analysts are expecting, according to LSEG.
- Revenue: $108.65 billion
- Earnings per share: $1.89
It’s Tim Cook’s final earnings call as Apple CEO before he turns over the reins to John Ternus on Sept 1. The report comes as Apple’s stock is trading near a record, up 24% so far this year as of Wednesday’s close, topping its megacap peers.
Revenue is expected to increase 16% from $94 billion a year earlier, according to LSEG.
Apple is reckoning with a global memory crunch, or what Cook recently called a “hundred-year flood,” and a rush for chip manufacturing capacity that’s already forced the company to lift prices on Macs and iPads. Apple hasn’t said it will raise prices on iPhones, but many analysts are expecting hikes as soon as this year.
Meanwhile, Apple is gearing up for a launch of a redesigned Siri using Google technology alongside new iPhone hardware in September, a critical test for the company as investors worry that it’s fallen behind in artificial intelligence.
Still, if the company meets expectations, it will mark a third straight quarter with year-over-year revenue growth of at least 15%.
Ternus, a 25-year Apple veteran and Apple’s current head of hardware, said little on the prior earnings call, which was held shortly after the CEO transition was announced in April. Investors are eager to hear more.
The conference call is scheduled for 5 p.m. ET.
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Apple stock chart for Thursday, July 30, 2026
CNBC’s reporters are covering Apple earnings from bureaus in San Francisco and Englewood Cliffs, New Jersey.
1 Hour Ago
Cook and Ternus make a public appearance
John Ternus, Apple’s Senior Vice President of Hardware Engineering, (L) and Tim Cook, CEO of Apple, attend the world premiere celebrating season four of the Apple TV beloved series “Ted Lasso” at Academy Museum of Motion Pictures on July 27, 2026 in Los Angeles, California. Stewart Cook | Getty Images
On Monday, Cook and Ternus attended the premiere of Apple TV’s “Ted Lasso” Season 4 in Los Angeles.
Apple TV is part of the company’s services division. Analysts polled by StreetAccount expect Apple to report $31.36 billion in services revenue in the June quarter.
Apple’s services haven’t been immune to price increases in the U.S. The company raised its music subscription price from $10.99 to $11.99 per month in July.
— Kif Leswing
1 Hour Ago
Could the memory shortage help Apple gain market share?
Apple CEO Tim Cook and Jalen Brunson, basketball player for the New York Knicks, during the first day of in-store sales of Apple’s latest products at Apple’s Fifth Avenue store in New York, Sept. 19, 2025.Bloomberg | Bloomberg | Getty Images
Apple has yet to raise iPhone prices in most markets, which could threaten its margins as costs for memory, storage, and other parts rise.
But some analysts see Apple picking up share in a dismal smartphone market, potentially the softest since 2013. While Apple is large enough to negotiate large memory supply agreements and take the hit as prices rise, most Android phone makers don’t have that luxury and have to pass costs on, potentially losing customers.
Apple could signal “market share gains given pricing increases at competitors,” Goldman Sachs analysts, who have a buy rating on the stock, wrote in a note this week.
Apple most likely won’t announced price hikes on an earnings call, but management often gives data points about “switchers” — people who moved from an Android to an iPhone.
— Kif Leswing
1 Hour Ago
Apple’s capital expenditure-light strategy is paying off in the eyes of investors
watch nowVIDEO04:25Apple is rising because of everyone else’s capex plans, says MoffettNathanson’s Craig MoffettPower Lunch
Instead of spending hundreds of billions of dollars on AI infrastructure to build and serve advanced models, Apple announced earlier this year that it would license much of its AI technology from Google as well as using its cloud.
Apple’s peers in the hyperscaler world are spending over $100 billion in capex this year, yet Apple is expected to spend just over $11 billion, with $3.4 billion in the June quarter.
In recent weeks, Apple’s stock has climbed as many of the names associated with the AI buildout have faltered.
“While Apple was initially bruised by many investors for not joining the LLM investment cycle, investors are coming around to Apple’s industry-leading” free cash flow, analysts at Baird wrote this month. They recommend buying the stock.
— Kif Leswing
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