Apple stock opens down roughly 10% following mixed Q3 2026 results

Apple posted fiscal Q3 2026 revenue of $109.4 billion and net income of $29.8 billion, both up year over year, but the stock sold off sharply after earnings.

Investors focused on slower Services growth and management’s warning that iPhone, iPad, and Mac supply constraints will worsen in the September quarter.

Shares opened down about 8.6% after hours, wiping out roughly $430 billion in market value.

The drop pushed Apple back below Nvidia in market cap, underscoring concerns about future growth and product availability over strong current results.