Apple stock drops nearly 3% after hours following Q4 2026 results

Apple's stock experienced a notable decline of nearly 3% following the company's fiscal Q4 2026 earnings call on Monday. The drop was observed in after-hours trading, with the stock initially falling 4.43% before recovering some of its losses later in the evening. Apple reported a 12% increase in revenue and another 12% increase in net profit, marking a record revenue for its Services category.

This came after the company's first sequential quarterly decline in 15 quarters. The report also highlighted a 17% increase in iPhone revenue and a 24% increase in Mac revenue. However, there were declines in Wearables, Home, and Accessories revenue, with a 10% drop in iPad revenue, attributed to supply constraints and comparisons against the launch of the Watch SE 3 and AirPods Pro 3 in the prior year.

During the conference call, Apple's leadership addressed concerns about rising memory costs, hardware price increases, and ongoing supply constraints. The executives predicted the highest quarterly revenue ever for the holiday quarter but also indicated slower year-over-year growth, lower profit margins, and ongoing shortages of Mac and iPad models.

After the regular trading session ended down 1.83%, Apple shares recovered slightly, rising 0.5% to $340.00 following the earnings release. However, the stock fell to $323.33, or 4.43% below Monday’s closing price, before recovering further to $328.81, down 2.81% in after-hours trading. The after-hours performance does not guarantee the stock's future performance in the next day's regular session, leaving investors uncertain about their reactions upon the market reopening on Tuesday.

For a detailed analysis of Apple's Q4 2026 results, interested parties can refer to the provided link.