Market Watch·13h ago
Apple is closing in on Nvidia as it looks to reclaim title of largest U.S. companyOnce the face of the AI trade, Nvidia's valuation has compressed to levels not seen since 2013 while Apple shares continue to power higher
Apple Inc.(AAPL)Earnings, Financials & Key Ratios
AAPL•NASDAQ
$310.66
41.6× P/E·Price updated Jul 7, 2026
AboutApple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts, as well as advertising services include third-party licensing arrangements and its own advertising platforms. In addition, the company offers various subscription-based services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California.Show more
- Revenue$416.16B+6.4%
- EBITDA$144.75B+7.5%
- Net Income$112.01B+19.5%
- EPS (Diluted)7.46+22.7%
- Gross Margin46.91%+1.5%
- EBITDA Margin34.78%+1.0%
- Operating Margin31.97%+1.5%
- Net Margin26.92%+12.3%
- ROE171.42%+8.9%
AAPL Price & Volume
Apple Inc. (AAPL) stock price & volume — 10-year historical chart
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Accelerating Revenue Growth Amidst Strategic Deleveraging Efforts
Investment Thesis • Updated 2026Q2
VerdictNeutral
Growth:Accelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Robust
Primary Risk:Regulatory App Store Scrutiny
Key Thesis Takeaways
- Apple's recent performance shows a significant acceleration in top-line growth to 16.6% in 2026Q2, supported by structural gross margin expansion to 49.3% and disciplined operating leverage.
- While the company has successfully reduced its debt-to-equity ratio from 2.09 in 2024Q4 to 0.80, investors should monitor the sustainability of service-led growth and the potential impairment risks associated with the newly reported $21.3 billion in goodwill.
- The aggressive capital return strategy, evidenced by over $20 billion in quarterly buybacks, continues to drive EPS growth, though the decoupling of net income from cash flow remains a key area for scrutiny.
Verdict Logic
while the company demonstrates strong operational momentum with 16.6% revenue growth, the current valuation of 38.04x P/E and a PEG ratio of 2.13 suggest that much of the future growth is already priced in.
AAPL Growth Metrics
Apple Inc. (AAPL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.94%
5 Years8.68%
3 Years1.81%
TTM12.76%
Profit CAGR
10 Years7.69%
5 Years14.3%
3 Years3.92%
TTM25.98%
EPS CAGR
10 Years12.49%
5 Years17.86%
3 Years6.88%
TTM28.82%
Return on Capital
10 Years42.67%
5 Years58.71%
3 Years62.72%
Last Year69.62%
AAPL Recent Earnings
Apple Inc. (AAPL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$2.01+3.1%
$1.95
Rev
$111.2B+1.6%
$109.5B
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$2.85+6.7%
$2.67
Rev
$143.8B+3.9%
$138.4B
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$1.85+6.9%
$1.73
Rev
$102.5B+0.2%
$102.2B
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$1.57+9.0%
$1.44
Rev
$94.0B+5.0%
$89.6B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $2.01vs $1.95+3.1% | $111.2Bvs $109.5B+1.6% |
| Q1 2026 | Jan 29, 2026 | $2.85vs $2.67+6.7% | $143.8Bvs $138.4B+3.9% |
| Q4 2025 | Oct 30, 2025 | $1.85vs $1.73+6.9% | $102.5Bvs $102.2B+0.2% |
| Q3 2025 | Jul 31, 2025 | $1.57vs $1.44+9.0% | $94.0Bvs $89.6B+5.0% |
Based on last 12 quarters of dataView full earnings history →
Latest AAPL News
Recent stock market news and headlines for Apple Inc. (AAPL)
24/7 Wall Street·14h ago
Samsung Just Out-Earned Apple and Nvidia, and the Stock Tanked 7%Samsung Electronics just did something no company has done before. Its operating profit last quarter came in roughly 19 times what it was a year ago, revenue more than doubled to a record, and the bottom line landed above both NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) and Apple (NASDAQ:AAPL).
MarketBeat·14h ago
Apple and Broadcom Forge a Decade-Long Silicon FortressWhen an ecosystem controls its own processing architecture, it dictates its financial destiny. The industry-wide pivot toward custom silicon has transformed semiconductor manufacturing from a cyclical necessity into the ultimate defensive macroeconomic moat.
Benzinga·15h ago
Apple Stock Is Trending: A Key Level Just Came into PlayApple Inc (NASDAQ:AAPL ) shares are edging slightly lower Tuesday as big-cap technology names face a difficult session with the Nasdaq and the broader S&P 500 down. Here's what you should know.
24/7 Wall Street·15h ago
Micron Vs. Apple: Why MU Is Still The Better Buy Between These Tech GiantsMicron Technology (NASDAQ: MU | MU Price Prediction) and Apple (NASDAQ: AAPL) just delivered earnings that expose opposite ends of the AI hardware trade.
Peers Comparison
Key metrics vs top competitors for Apple Inc. (AAPL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $310.66 | $4.56T | 41.64 | 6.43% | 26.92% | 171.42% | 0.33% | |
| $388.84 | $2.89T | 28.51 | 14.93% | 39.34% | 33.13% | — | |
| $367.03 | $4.44T | 33.95 | 15.13% | 37.91% | 38.98% | — | |
| $245.98 | $2.65T | 34.31 | 12.38% | 12.22% | 23.34% | — | |
| $615.58 | $1.56T | 26.21 | 22.17% | 32.84% | 33.22% | — | |
| $21.40 | $126.43B | -60.22 | 2.12% | -2.73% | -4.08% | — |
Compare AAPL vs Peers
Apple Inc. (AAPL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AAPL SEC Filings & Documents
Apple Inc. (AAPL) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 30, 2026·SEC
Material company update
Apr 20, 2026·SEC
Material company update
Feb 24, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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AAPL Frequently Asked Questions
Apple Inc. (AAPL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Apple Inc.'s revenue?
Apple Inc. (AAPL) reported $451.44B in revenue for fiscal year 2025. This represents a 4491% increase from $9.83B in 1996.
How fast is Apple Inc. growing?
Apple Inc. (AAPL) grew revenue by 6.4% over the past year. This is steady growth.
Is AAPL profitable?
Yes, Apple Inc. (AAPL) is profitable, generating $122.58B in net income for fiscal year 2025 (26.9% net margin).
Dividend & Returns
Does AAPL pay dividends?
Yes, Apple Inc. (AAPL) pays a dividend with a yield of 0.33%. This makes it attractive for income-focused investors.
What is AAPL's return on equity?
Apple Inc. (AAPL) has a return on equity (ROE) of 171.4%. This is excellent, indicating efficient use of shareholder capital.
What is Apple Inc.'s free cash flow?
Apple Inc. (AAPL) generated $129.17B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.