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Apple and Palantir Shares Decline Premarket After Earnings Reports
Key points
- Apple shares down 4.4% premarket, Palantir down 6%.
- Apple missed iPad sales estimates and gave a weak margin forecast.
- Palantir beat Q3 estimates; U.S. commercial revenue exceeded government revenue.
- Apple cited memory costs and supply constraints as pressures.
Premarket Share Movement
Apple and Palantir shares experienced declines in premarket trading on Tuesday following their respective earnings reports released after the market closed on Monday. Apple's stock was down 4.4%, and Palantir's stock fell 6%.
Apple's Earnings Performance and Outlook
Apple reported revenue that exceeded expectations for its fourth quarter. However, the company did not meet estimates for iPad sales and provided a margin forecast that disappointed investors. John Ternus, in his first earnings report as CEO, noted that Apple had its "best fiscal year ever" despite supply constraints and foreign exchange headwinds. The company cited increased memory costs and a global memory crunch as factors impacting profitability and limiting Mac and iPad supply.
Palantir's Third-Quarter Results
Palantir surpassed Wall Street's estimates for its third quarter. A notable development was that the company's U.S. commercial revenue exceeded its government revenue for the first time.
Investor Concerns
Analysts pointed to profitability concerns for Apple, specifically mentioning memory costs and the expense of rolling out Siri AI. The company's strong stock performance in 2026, up 25%, left little room for investor disappointment, according to one analyst.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Apple and Palantir shares fell in premarket trading after their post-bell earnings announcements. Apple reported better-than-expected revenue but missed iPad sales estimates and issued a disappointing margin forecast, while Palantir exceeded third-quarter estimates with U.S. commercial revenue surpassing government revenue for the first time.