Apple Inc

Apple Inc

AAPL

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Market Cap$4.54T
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Apple IncApple Inc35.30.34%120%100.9

Earnings Call Q3 2026

July 30, 2026 - AI Summary

Strong Q3 results and growth drivers (good / key headline): - Apple reported $109.4B revenue, +16% YoY and a June-quarter record. - iPhone revenue: $54.3B, +22% YoY (June-quarter record; iPhone 17 family; IDC cited share gains). - Mac revenue: $10.4B, +29% YoY (June-quarter record; driven by MacBook Pro and all-new MacBook Neo; IDC cited share gains). - Services: $30.7B, +12% YoY, and June-quarter record (also noted all-time records in cloud and payments). - Installed base: >2.5B active devices (new all-time high across major categories).
Profitability, margins, and the “tariff refunds” offset (good + somewhat complex): - Gross margin: 50.1%, +80 bps sequentially; included tariff refund benefit ~2 percentage points. - Products gross margin: 40.1%, +140 bps sequentially, also included ~2.5+ percentage points benefit from tariff refunds. - Services gross margin: 75.6%, -110 bps sequentially (noted as mix-driven). - Operating expenses: $19.1B, +23% YoY (driven by R&D investment). - Cash flow & earnings: Operating cash flow $34.4B (June-quarter record). Net income $29.8B; EPS $2.02 (+29% YoY). - Investor takeaway: reported margin strength is meaningfully helped by tariff refunds; underlying profitability trend is less clean than headline margins.
September quarter outlook (forecast; mix of FX headwinds + worsening supply constraints): - Total revenue growth guidance: +9% to +11% YoY. - Key assumption #1 (FX): ~2.5 percentage points sequential headwind to YoY growth from June to September. - Key assumption #2 (supply constraints): expected to increase significantly sequentially. - Supply constraints are expected to affect iPhone, Mac, and iPad in September. - iPhone guidance: mid-teens YoY reported growth (FX + supply constraints limit upside vs demand). - Gross margin guidance: 47%–48%, including ~1 percentage point tariff-refund benefit. - Opex guidance: $19.1B–$19.4B; tax rate ~16.5%.

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$328.04

Target Price by Analysts

6.2% upsideApple Target Price DetailsTarget Price
$139.10

Current Fair Value

55% downside

Overvalued by 55% based on the discounted cash flow analysis.

Share Statistics

Market cap$4.54 Trillion
Enterprise Value$4.59 Trillion
Dividend Yield$1.05 (0.34%)
Earnings per Share$7.49
Beta1.1
Outstanding Shares14,692,515,000

Return

Return on Equity119.91%ROE
Return on Assets33.64%
Return on Invested Capital66.12%

Valuation & Multiples

P/E Ratio35.26P/E Ratio
PEG130.03PEG
Price to Sales9.96Price to Sales
Price to Book Ratio44.13Price to Book Ratio
Enterprise Value to Revenue9.84
Enterprise Value to EBIT29.68
Enterprise Value to Net Income35
Total Debt to Enterprise0.02
Debt to Equity0.87Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 30, 2026
EPS Estimate
$1.89
Average shareholder expectation
Revenue Estimate
$109.04 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 29, 2026
EPS Estimate
$2.03
Average shareholder expectation
Revenue Estimate
$113.38 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio5.5783 477.01%
Total Calls110,429 99.93%
Total Puts616,002 99.54%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %2.20% 61.29%
Total Invested$93.13B 96.07%
Investors Holding2,223 4124.00%

ESG Score

No data

About Apple Inc

147,000 employees
CEO: Timothy Cook

Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. It is considered one of the Big Five compa...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the technical expertise and official 'revenue estimates' for all tax legislation, directly influencing corporate tax structures, capital investment credits, and the overall tax burden on Apple. Its analyses are crucial for shaping tax policy that impacts Apple's bottom line.

Finance

This powerful committee controls taxation, trade, and tariffs. Changes in corporate tax rates, international tax policies (affecting repatriated earnings), and trade tariffs (e.g., on components or products imported from China) have a direct and significant impact on Apple's global profitability and supply chain.

Judiciary

This committee oversees antitrust laws and intellectual property, which are critical for Apple. It directly influences antitrust scrutiny of Apple's App Store policies and ecosystem, as well as the protection and enforcement of its vast intellectual property portfolio.

Banking, Housing, and Urban Affairs

This committee regulates the financial system, including the Fed and SEC. Apple's financial services, such as Apple Pay, Apple Card, and Apple Cash, fall directly under its purview. Regulations related to payment systems, consumer finance, and potential cryptocurrency ventures would be highly impactful.

Commerce, Science, and Transportation

This committee has vast jurisdiction over 'Big Tech' through privacy and data security laws, telecommunications (affecting iPhone, Apple Watch connectivity), internet services (App Store, iCloud), and consumer protection (FTC oversight). These areas directly regulate Apple's core products and services.

Foreign Relations

Apple has a global supply chain, significant international sales, and manufacturing operations. Foreign policy decisions, trade relations, and sanctions (e.g., U.S.-China relations) heavily influence Apple's operations, market access, and profitability.