Apple shares slid about 2% after the company forecast a gross margin of 45% to 46% for the December quarter, below analyst estimates, citing higher memory costs and Siri AI expenses. A decline would be the third straight quarter of lower margins, despite stronger-than-expected revenue and iPhone results.
John Ternus led his first earnings report as CEO.
The September gross margin of 47.9% followed 50.1% in the June quarter.
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Strategy could create up to $30 billion in digital credit from its existing balance sheet to fund more Bitcoin purchases, executive chairman Michael Saylor said on the third-quarter earnings call.
Tesla's Q3 2026 revenue was roughly flat at $28.05 billion, while GAAP operating income fell 56% to $718 million, a 2.6% margin. Deliveries fell 2% to 486,532, and active FSD subscriptions rose 67% to 1.74 million.
Rivian’s R2 was the company’s best-selling vehicle by volume in the third quarter, though Rivian did not disclose R2 unit counts. Revenue rose 38% to $2.155 billion, software and services revenue rose 45% to $605 million, and the automotive gross loss narrowed year over year.
According to CEO Steve Huffman, Reddit will require users to log in to browse the site, beginning with tests in select markets outside the US. The change aims to curb scraping and support advertising.
Alphabet shares slid 10.2% in premarket trading after Q3 results, Reuters reported (Investing.com, updated 6:00 AM AST). Alphabet's release shows Search & other revenue of $63.35B, up 12%, and free cash flow of negative $9.065B; CNBC says Search came in below estimates and FCF was far worse than the $2.70B deficit analysts expected. Nasdaq 100 futures were down about 1% at 5:18 AM AST while Microsoft rose 3.6%, per Reuters.
