Apple shares slide after weak margin outlook; Palantir slumps 6% after earnings
Apple and Palantir shares declined in after-hours and premarket trading on 3 November 2026 despite both companies reporting quarterly results that exceeded analyst expectations. Apple's stock fell amid a weak margin outlook and missed revenue estimates in China, though overall profit grew 12 percent. Palantir shares dropped 6 percent despite achieving its tenth consecutive earnings beat and raising its full-year outlook. Investors are weighing these results alongside concerns over artificial intelligence spending and the upcoming US midterm elections.
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- ✓ Apple and Palantir shares declined in after-hours trading despite reporting quarterly results that exceeded analysts' expectations.
- ✓ Palantir shares fell 6 percent despite an earnings beat and a raised full-year outlook.
- ✓ Apple's profit grew 12 percent.
- ✓ Apple missed revenue estimates in China.
What changed
Apple and Palantir reported quarterly earnings that beat expectations but triggered share price drops due to margin and growth concerns.
Live updates
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Apple and Palantir shares slide following quarterly earnings
Apple and Palantir shares declined in after-hours and premarket trading on 3 November 2026 despite both companies reporting quarterly results that exceeded analyst expectations. Apple's stock fell amid a weak margin outlook and missed revenue estimates in China, though overall profit grew 12 percent. Palantir shares dropped 6 percent despite achieving its tenth consecutive earnings beat and raising its full-year outlook. Investors are weighing these results alongside concerns over artificial intelligence spending and the upcoming US midterm elections.
Why it matters
Apple is facing decelerating growth and a global memory crisis that is impacting profits. Palantir's decline occurs despite positive guidance, suggesting investor concern over total contract value.
What is confirmed
- Apple and Palantir shares declined in after-hours trading despite reporting quarterly results that exceeded analysts' expectations.
- Palantir shares fell 6 percent despite an earnings beat and a raised full-year outlook.
- Apple's profit grew 12 percent.
- Apple missed revenue estimates in China.
Still unconfirmed
- A global memory crisis is hurting Apple's profits.
- Analysts point to a slowdown in Palantir's total contract value.
What to watch next
- US midterm election results
- Further data on Apple's China sales recovery
- Updated analyst reports on Palantir's total contract value
confidence 90%Sources used for this update (14)
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