Peak tension: Wall Street holds its breath ahead of Apple's earnings

Apple will release its Q3 2026 earnings this evening, the first under new CEO John Ternus. Expectations: revenue growth of about 10%, a slowdown from the previous quarter. Investors will focus on iPhone sales, profitability amid rising memory chip costs, and the holiday season outlook.

Tech giant Apple will release its Q3 2026 results this evening after Wall Street's closing bell. These are the first earnings under new CEO John Ternus, who replaced Tim Cook. Investors will track both the financial results and the new CEO's messages regarding the company's direction. Apple has guided for revenue growth of about 10% year-over-year, a slowdown from the previous quarter. Three key areas: iPhone sales (nearly half of revenue, but the quarter includes only about a week of new model sales), profitability amid rising memory chip costs, and the holiday season outlook, which includes the first sales of the new foldable iPhone. The article notes that Intel reported better-than-expected results but a disappointing forecast led to a nearly 30% stock plunge, and that Apple itself experienced a stock decline after previous earnings despite meeting expectations. Apple's stock has risen more than a quarter since the start of the year and overtook Nvidia in market cap on Saturday.