---
title: APPLE $AAPL IS DOWN NEARLY 8% AFTER HOURS DESPITE BEATING ON REVENUE AND EPS
description: "The quarter itself was strong:\n• Revenue: $109.42B, beating expectations of $108.65B\n• EPS: $2.02, beating expectations of $1.89\n• iPhone revenue: +22% Y/Y, its best growth in years\n\nThe guidance may be what sold off:\n• September quarter revenue guided to 9%-11% growth, a slowdown from Q3's 16%\n• Gross margin guided down to 47%-48% from the 50.1% just reported\n• Services missed expectations, and Greater China came in below estimates\n\nApple came into the print at 35x forward earnings, well above its 5-year average of 28, and up 22% YTD. \n\nAt that valuation, a beat wasn't enough.\n\nSource: WOLF"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [APPLE $AAPL IS DOWN NEARLY 8% AFTER HOURS DESPITE BEATING ON REVENUE AND EPS](https://blog.syzgroup.com/syz-the-moment/apple-aapl-is-down-nearly-8-after-hours-despite-beating-on-revenue-and-eps)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jul 31, 2026, 3:36:59 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/apple-aapl-is-down-nearly-8-after-hours-despite-beating-on-revenue-and-eps)

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