Key facts
- Analysts forecast Apple revenue of around $113 billion, up 11% on the year before, with earnings per share at $2.00.
- Gross margins are seen between 47% and 48%, with Apple facing rising costs for chips and memory.
- Apple shares were up 27% so far in 2026, pushing its valuation past $5 trillion.
- AMD shares slid almost 11% on Friday and Intel shed 28% on a disappointing outlook.
- Prediction markets have Democrats winning the House, with the Senate less certain, per the column.
- Brent futures were still above $100 a barrel out to April, the column said.
Apple is due to report quarterly results on Monday, with analysts forecasting revenue of around $113 billion, up 11% on the year before, and earnings per share of $2.00, according to a Reuters markets column by Wayne Cole. The column said one focus will be profit margins, given the company is facing rising costs for equipment, particularly chips and memory, with gross margins seen between 47% and 48%.
Investors will also be watching for guidance on how iPhone 18 sales are going, with pre-orders having begun in mid-October. Apple's shares have risen for four straight months and were up 27% so far in 2026, pushing its valuation past $5 trillion, the column said.
The column said results from AMD later in the week will be more challenging for the mood, given it slid almost 11% last Friday as Intel shed 28% on a disappointing outlook. It also cited the US midterms, with prediction markets having Democrats winning the House but less certain on the Senate, and a likely fight over spending authority and raising the debt limit as Treasury announces its quarterly refunding.
The column said oil prices were down almost 3% so far on Monday without it being entirely clear why, with talks continuing between Iranian and Qatari mediators but tankers still being attacked in the Gulf. It cited reports the US has been telling allies in the Middle East to expect a renewed strike on Iran once the midterms are over, and said Brent futures were still above $100 a barrel out to April.