[Apple Plunges 6.43% After Hours; Guidance Misses Expectations]

English summary

July 31 | Apple plunged 6.43% after hours, trading at $312. Apple reported fiscal Q3 for the quarter ended June 27, 2026: revenue grew ~16% YoY to $109.42bn, slightly above analyst expectations; EPS grew ~29% YoY to $2.02, nearly 7% above analyst expectations. CFO Kevan Parekh said Q3 EPS and operating cash flow both set record highs for the period in company history. By segment, Apple's hardware performed better than expected overall, especially Mac revenue ~20% above expectations, iPhone revenue up nearly 22% YoY and slightly above expectations, but iPad revenue ~10% below, and wearables roughly in line. Services, which contribute nearly 30% of revenue, grew 12% YoY to $30.74bn, nearly 2% below expectations, with YoY growth slowing from 16% in the prior quarter and down ~0.8% QoQ, ending a streak of quarterly service revenue records over three years. ...