Apple reports fourth quarter results

Apple has set the bar for holiday quarter earnings with expectations of a blockbuster performance in Q1 2027. In a recent earnings call, CFO Kevan Parekh shared forward-looking statements indicating the company could shatter records once again. Apple CFO Kevan Parekh has shared that revenue growth for the upcoming quarter is expected to sit between 7% and 10% year-over-year.

Parekh also hinted that this strong performance is reflective of constrained supply, with revenue potentially reaching up to $158.18 billion. Services revenue is also anticipated to grow between 8% and 9% year-over-year. Gross margins are projected to range between 45% and 46%, a slight decrease attributed to rising memory costs and expenses related to the rollout of Siri AI.

Operating expenses are expected to fall between $20.4 billion and $20.8 billion, with a tax rate of approximately 17%. Despite the potential for growth that may not meet investor expectations, Apple is poised to break records once more.