Equity Profile
Pre-Earnings Brief
Apple Inc. is a leading technology company known for its innovative hardware and software products, including the iPhone, iPad, and Mac computers....
iPhone Revenue
iPhone sales are a major driver of Apple's overall revenue, and any changes can significantly impact investor sentiment.
Services Revenue
Growth in services, including Apple Music and iCloud, is crucial for diversifying revenue streams beyond hardware sales.
1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.
EPS Beat Streak
8Q
EPS Beat Rate
100%
Avg EPS Surprise
+6.01%
Avg Stock Reaction
-0.35%
In the last quarter, Apple reported an earnings per share (EPS) of $2.01, exceeding expectations by nearly 5%. The stock reacted positively, gaining 0.44% the next day.
Management Promises & Guidance
Overall expectations for Apple's upcoming earnings are mixed, with some analysts optimistic about continued growth while others express concerns over market saturation.
Bull Case
The bullish view hinges on strong iPhone sales and robust growth in services, which could lead to higher-than-expected earnings.
Bear Case
Conversely, the bearish perspective suggests that slowing iPhone sales and increased competition could negatively impact revenue and margins.
iPhone Revenue
N/AiPhone sales are a major driver of Apple's overall revenue, and any changes can significantly impact investor sentiment.
Services Revenue
N/AGrowth in services, including Apple Music and iCloud, is crucial for diversifying revenue streams beyond hardware sales.
Gross Margin
N/AMaintaining or improving gross margin is vital for profitability, especially in a competitive market.
Expectations
The print will turn on these two things.
Q1
What will be the reported iPhone revenue this quarter?
iPhone revenue is critical for Apple's financial health, and any significant changes could influence market sentiment.
Q2
How is the services segment performing compared to last year?
Growth in services is essential for diversifying revenue, and strong performance could reassure investors about future growth.
Edge
Why consensus could be wrong
The Street may be underestimating the potential for growth in Apple's services segment, which could offset any slowdown in hardware sales.
Supporting Evidence
Recent trends show increasing consumer spending on digital services, which Apple is well-positioned to capitalize on.
The options market is pricing in a larger move than historical averages, indicating that investors expect significant news that could drive growth.
Insider selling may suggest caution, but it could also reflect a strategic shift rather than a lack of confidence in future performance.
Key Risk
If services revenue exceeds expectations significantly, it could challenge the current bearish sentiment.
Edge
Pre-commit to what would confirm each case.
This quarter's performance will hinge on the balance between hardware sales and services growth, which are both critical for sustaining Apple's market position.
Bull Confirmed If
iPhone revenue growth of +10% year-over-year or better, indicating strong demand.
Bear Confirmed If
iPhone revenue decline of more than -5% year-over-year, signaling potential market saturation.
Pre-Earnings Positioning
Implied Move
±11.34%
Historical Avg
±0.89%
The options market is pricing in a significant potential move, indicating uncertainty about the earnings report.
Options are pricing a larger move than the stock has historically averaged, suggesting heightened expectations for volatility.
ATM IV
0.3%
30d HV
23.7%
Edge
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$24.2M
94,951 sh
2 insiders
Net
$24.2M
Net selling
Most Active Insiders· 8 open-market trades
$16.5M
Net selling
$7.7M
Net selling
Recent Transactions
Apr 2, 2026 · @ $255.17
28,188 sh
$7.2M
Apr 2, 2026 · @ $255.12
20,338 sh
$5.2M
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Edge
Smart-money positioning from the most recent 13F filings.
Institutional
65.22%
of float
Insider
1.64%
of float
Holders
7,517
institutions
Top Holders· as of Dec 2025
Vanguard Group Inc
1,426,283,914 sh · $386.6B
9.72%
1.9%
Blackrock Inc.
1,154,665,731 sh · $313.0B
7.86%
0.7%
State Street Corporation
604,056,505 sh · $163.7B
4.11%
1.1%
Geode Capital Management, LLC
358,032,517 sh · $97.0B
2.44%
0.5%
FMR, LLC
307,397,264 sh · $83.3B
2.09%
1.4%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.
Preparation
Likely market behavior by outcome — not investment advice.
Beat & Raise
If Apple beats expectations, history suggests the stock could rise by around 0.89%, confirming a positive outlook on growth.
In-Line / Cautious
If results are in line but management provides cautious commentary, the stock may experience muted movement as investors reassess future growth.
Miss
If Apple misses expectations, history suggests a potential decline of around 0.35%, raising concerns about demand and competition.
Preparation
House & Senate STOCK Act disclosures over the trailing 6 months.
Trades
22
13 buys·9 sells
Members
15
House + Senate
Est. Notional
$10.5M–$51.2M
disclosed dollar ranges
Most Active Members
3 trades
Mixed
3 trades
Mixed
2 trades
Net buying
2 trades
Net buying
Recent Transactions
Traded Mar 16, 2026 · disclosed Mar 31, 2026
$1,001.00–$15,000.00
Traded Feb 26, 2026 · disclosed Mar 6, 2026
$1,001.00–$15,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.
Preparation
AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.
No charge today · Auto-bills $8/mo after 7 days · Cancel anytime
Kilroy Realty Corporation
Apr 2, 2026 · @ $254.37
16,083 sh
$4.1M
Apr 2, 2026 · @ $255.82
9,664 sh
$2.5M
Apr 2, 2026 · @ $252.11
9,147 sh
$2.3M
Traded Feb 18, 2026 · disclosed Mar 17, 2026
$15,001.00–$50,000.00
Traded Feb 12, 2026 · disclosed Mar 14, 2026
$1,001.00–$15,000.00
Traded Feb 12, 2026 · disclosed Feb 24, 2026
$1,001.00–$15,000.00