Apple shares slide after weak margin outlook; Palantir slumps 8% after earnings — SkimNews
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- Apple beat fourth-quarter revenue expectations but missed estimates on iPad sales, and its margin forecast disappointed investors.
- John Ternus delivered Apple’s first earnings report since succeeding Tim Cook as CEO in September, saying the company had just capped its “best fiscal year ever” as growth overcame supply constraints and foreign-exchange headwinds.
- Apple faces memory-related pressure that is expected to limit Mac and iPad supply as demand runs ahead of plans; higher memory costs and the cost of rolling out Siri AI complicate profitability, analyst Violeta Todorova said.
- Apple shares were down 3.8% and Palantir fell 7.8% in Tuesday premarket trading after both companies reported earnings following Monday’s bell.
- Palantir beat Wall Street’s third-quarter estimates as revenue nearly doubled year over year to more than $2 billion, and U.S. commercial revenue exceeded government revenue for the first time.
- Piper Sandler said investors need evidence that Palantir’s 11% growth in U.S. commercial total contract value bookings was a duration-driven fluke rather than structural, while demand for its solutions still outstrips supply.
- Apple shares had climbed 25% in 2026 ahead of other big-tech names, leaving little room for disappointment after the margin outlook, analyst Violeta Todorova said.
Why it matters: Apple shareholders absorbed a 3.8% premarket decline despite a revenue beat, while Palantir investors faced a 7.8% drop after revenue blew past $2 billion. The selloff concentrates scrutiny on Apple’s margin outlook and Palantir’s 11% U.S. commercial bookings growth, which Piper Sandler views as a duration-driven fluke even as demand for Palantir’s solutions still outstrips supply.
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