Apple stock reflects record Q3 revenue as analysts trim targets

Published on 10/05/2026 at 22:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Apple stock was last at USD 332.89 on October 5, 2026, 3.6 percent below its 52-week high. Fiscal Q3 revenue rose 16 percent to USD 109.4 billion.

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Apple Inc. stock (ISIN US0378331005) was last at USD 332.89 on Nasdaq on October 5, 2026 at 4:00 p.m. ET, down 0.24 percent from the prior close. The market is weighing a record fiscal third quarter against tighter margins and a leadership transition.

On October 2, Apple said it would add clearer warnings and extra controls when AI agents request broad access to Mac files, as Reuters reported. The move addresses concerns that AI tools could gain unusually broad access to user data through the Mac Full Disk Access setting.

Revenue reaches USD 109.4 billion

Apple's fiscal Q3, ended June 27, 2026, produced revenue of USD 109.4 billion, up 16 percent year over year, according to Financial News. Diluted EPS rose 29 percent to USD 2.02 from USD 1.57, beating the USD 1.89 consensus by USD 0.13.

The quarter also showed where the earnings power came from. iPhone revenue increased 22 percent to USD 54.3 billion, Mac revenue rose 29 percent to USD 10.4 billion, and Services revenue reached USD 30.74 billion, up 12 percent.

Analyst target stays above price

MarketBeat lists a Moderate Buy consensus from 42 analysts, with 1 Strong Buy, 26 Buys, 13 Holds and 2 Sells. Its average target is USD 340.02, placing the target 2.1 percent above the USD 332.89 price.

On October 1, Morgan Stanley lowered its Apple target from USD 360 to USD 355 while retaining an Overweight rating, according to Yahoo Finance. The bank cited a strong product cycle but also pointed to memory costs and softer iPhone pricing as limits on further earnings upside.

Apple stock stays below its yearly high

Apple stock was last at USD 332.89 on Nasdaq on October 5, 2026 at 4:00 p.m. ET. The session range was USD 331.65 to USD 336.19, while the 52-week range stood at USD 243.42 to USD 345.34, leaving the price 3.6 percent below the high.