JUAN MABROMATA/AFP via Getty Images
Apple is headed toward a pivotal earnings report
The company is set to report results for its fiscal third quarter after the close on Thursday. Apple stock is down 16% year-to-date, with tariff headwinds, iPhone demand, and a lack of a clear AI strategy compared to mega-cap peers weighing on the company.
The tech giant is expected to report revenue of $89.3 billion for the quarter, and earnings per share of $1.43.
Wall Street analysts say that progress on AI, such as any update on a rumored deal with Perplexity, would go a long way in soothing investors’ fears that the iPhone maker is losing ground in the AI race. Tariffs are also still in focus, with analysts watching for updates on how the trade war has impacted the company.
Apple will report results shortly after 4 p.m. ET on Thursday, with a call scheduled for 5 p.m. ET.
Apple earnings estimates: Wall Street expects $89.3 billion of revenue, $1.43 of EPS
Third quarter
Revenue estimate $89.3 billion
- EPS estimate $1.43
- Products revenue estimate $62.81 billion
- IPhone revenue estimate $40.06 billion
- Mac revenue estimate $7.3 billion
- IPad revenue estimate $7.07 billion
- Wearables, home and accessories estimate $7.78 billion
- Services revenue estimate $26.9 billion
- Greater China rev. estimate $15.19 billion
- Total operating expenses estimate $15.34 billion
- Gross margin estimate $41.16 billionFourth quarter
- Capital expenditure estimate $3 billionFull year
- Capital expenditure estimate $11.28 billion
Source: Bloomberg data
The post Apple earnings updates: Analysts want updates on AI progress, iPhone demand, with the stock down 16% appeared first on Business Insider.
