AAPL · News · 20261103N
Guidance and Outlook
Apple Inc. · 2026-11-03 · Importance 69 · Surprise 68 · In source text
Apple forecast December-quarter revenue growth of 7%–10%, compared with fiscal first-quarter 2027 consensus growth of 6.1%. It projected gross margin of 45%–46%, below analyst expectations of roughly 46.7%–47.5%. Management attributed the expected margin pressure to rising memory-chip costs and expenses related to rolling out Siri AI features.
Key facts
- Apple forecast December-quarter revenue growth of 7% to 10%. source
- Apple projected December-quarter gross margin of 45% to 46%, below analyst expectations of roughly 46.7% to 47.5%. source
- Apple's CFO said AI could contribute to revenue growth over time. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | Apple forecast December-quarter revenue growth of 7% to 10%. |