Business & Finance · November 3, 2026
Apple posts stronger-than-expected Q4 revenue in first earnings report for new CEO John Ternus
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Apple CEO John Ternus presided over his first quarterly earnings call since taking the role in September 2025. While the company reported fiscal fourth-quarter revenue and earnings that exceeded analyst expectations, the stock declined in after-hours trading. This reaction was driven by a gross margin forecast that disappointed investors, which the company attributed to rising memory chip costs and expenses related to its Siri AI products. During his initial months, Ternus has overseen the launch of new Mac models and the foldable iPhone Duo.
Read the original coverage
- FortuneFinancial
What Apple CEO John Ternus isn’t talking about: “The biggest risk to the Apple ecosystem” | Fortune
Read at Fortune ↗ - CNBCMainstream
Apple stock sinks as global memory crisis hurts profits, giving Ternus his first big test
Read at CNBC ↗ - Associated PressWire
Apple posts stronger-than-expected Q4 revenue in first earnings report for new CEO John Ternus
Read at Associated Press ↗
Reported by multiple outlets
- John Ternus is the CEO of Apple, having taken the role in September.
- Apple reported fiscal fourth-quarter revenue and earnings that were better than analysts expected.
- Apple's stock price fell in after-hours trading following the earnings report.
- Apple issued a gross margin forecast that disappointed Wall Street.
- The company identified a memory chip shortage and rising prices as factors squeezing profit margins.
Reported by only some outlets
- Ternus's first two months included the release of the foldable iPhone Duo.
- Investor Gene Munster stated that Apple is avoiding discussions regarding 'personalized agents' as a risk to the ecosystem.
- Apple reported slowing growth in its services segment.
- Kevan Parekh is the CFO of Apple.
Industry-friendly coverage frames it as…
emphasize the revenue beat and the launch of innovative products like the foldable iPhone Duo as signs of a strong start for the new CEO.
Skeptical / consumer coverage frames it as…
highlight the 'biggest risk' of personalized agents and the squeezing of profit margins due to high component costs and slowing services growth.
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