Coverage summary
Aardvark Labs Capital Research has covered Apple (AAPL) since August 1, 2025. The company is in the Technology sector. This page lists 6 reports: 6 earnings recaps.
The latest is the Q4 FY26 Earnings Recap, published November 4, 2026. That report moved the rating from Hold to Underperform. The rating has changed 3 times since coverage began.
Translations: 5 in Chinese, 4 in Japanese and 4 in Korean.
The Excel model for AAPL holds 23 quarters and 5 fiscal years of history and 9 quarters and 5 fiscal years of projections. It was last updated September 27, 2026.
Rating history
All AAPL reports
Recap: Q4 FY26
Record Revenue, Flat Earnings: December's Margin Guide Points FY27 Below FY26 as the Stock Sets a New High; Downgrading to Underperform
Recap: Q3 FY26
Strip the Tariff Refund and the Beat Was Two Cents: Memory Takes 280bps of Gross Margin in Two Quarters; Downgrading to Hold
Recap: Q2 FY26
Best March Quarter Ever Meets a Clean Tape — but a CEO Handoff and the End of Net-Cash-Neutral Reset the Watch List; Maintaining Outperform
Recap: Q1 FY26
Best Quarter Ever: iPhone +23%, Greater China Inflects +38%, and a Margin Above Guide Broaden the Bull Case — but a Near-Flat Tape Keeps This a Measured Outperform
Recap: Q4 FY25
The Fall Catalyst Lands: iPhone 17 Sells Out, Margins Beat the Guide, and a “Best Quarter Ever” December Resolves the Hold — Upgrading to Outperform
Recap: Q3 FY25
A Beat the Tape Refused to Reward: June-Quarter Records Everywhere, but the AI Gap and the Tariff Ramp Cap the Re-Rate — Initiating at Hold