- Prev close
- $312.41
- Day range
- $310.74 – $314.81
- Next earnings
- in 81 days
Apple’s -7.4% session looks stock-specific because the S&P 500 rose +0.7%, the Nasdaq 100 rose +0.6%, and peers were mixed, while the business still shows double-digit growth and high margins. The move reads more as a valuation-sensitive reset than as clear fundamental deterioration.
AAPL
APPLE INC
As of Aug 2, 2026
52/100
Worth keeping an eye onHealth ScoreWhy it moved
The move is primarily stock-specific: AAPL fell -7.4% while the S&P 500 rose +0.7% and the Nasdaq 100 rose +0.6%, so the broad tape does not explain it. Same-sector peers were mixed — DELL +0.1%, WDC +2.2%, SNDK -5.1%, and HPE +1.6% — which also argues against a clean sector-wide selloff. The intraday path was weak too, with an open at $304.81, a high of $310.69, and a close of $308.91 after a low of $300, so the session showed early strength that faded rather than a broad market-driven decline.
Normal volatility?
This looks larger than ordinary noise because the stock is down -7.4% even though the fundamentals are still strong: revenue is +14.2% YoY (TTM), the latest quarter was +16.4% YoY, EPS is +32.6% YoY (TTM), gross margin is +48.6%, and operating margin is +33.2%. Valuation is still rich at PE 35.2, forward PE 34.9, and PEG 2.93 — PEG means P/E divided by growth, so investors are paying 2.93x the growth rate — which leaves the share price sensitive in either direction because a lot of growth is already embedded. Beta is 1.10, so some move is normal, but not usually this much without a fresh stock-specific catalyst. Analyst consensus is also still constructive at 13 strong-positive, 23 positive, 16 neutral, 2 negative, and 0 strong-negative, so the drop is not paired with a visible deterioration in third-party sentiment.
Earnings preview
The next earnings date is 2026-10-28. The facts here do not provide current consensus revenue or EPS growth for that report, so I cannot quote a market expectation for the upcoming print. What is available is the recent operating profile: revenue +14.2% YoY (TTM), the latest quarter +16.4% YoY, EPS +32.6% YoY (TTM), gross margin +48.6%, and operating margin +33.2%. The recent news flow suggests the market is focused on three things: whether the June-quarter strength was sustainable, whether September-quarter guidance was conservative or a true slowdown, and whether product supply issues — including the reported global memory shortage affecting the MacBook Air — are affecting availability and mix.
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