Wall Street is reacting poorly to Apple’s fiscal Q3 2026 results and its outlook for the September quarter. Here are the details.
Apple’s biggest opening drop since August, 2024
After the market closed yesterday, Apple released its Q3 2026 results, reporting $109.4 billion in revenue, up 16%, and $29.8 billion in net profit, up 27%.
However, as soon as Apple released the report, the company’s stock dipped roughly 3% in after-hours trading and kept dropping as hours progressed, as shareholders had time to digest some of the bad news included in the report and further detailed in Apple’s conference call commenting on the results.
Those headwinds included a slowdown in Apple’s Services growth, due in part to weakness in mobile gaming and changes to the App Store’s business model in several markets. More significantly, Apple warned that supply constraints will worsen considerably in the September quarter.
