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- Apple is about to report earnings, and investors are eager for a win with the stock down 16% this year.
- The iPhone maker has lagged in the AI race, and analysts want to know what it’ll do to catch up.
- Analysts want answers on the company’s AI progress and any impact from tariffs.
Apple is headed toward a pivotal earnings report
The company is set to report results for its fiscal third quarter after the close on Thursday. Apple stock is down 16% year-to-date, with tariff headwinds, iPhone demand, and a lack of a clear AI strategy compared to mega-cap peers weighing on the company.
The tech giant is expected to report revenue of $89.3 billion for the quarter, and earnings per share of $1.43.
Wall Street analysts say that progress on AI, such as any update on a rumored deal with Perplexity, would go a long way in soothing investors’ fears that the iPhone maker is losing ground in the AI race. Tariffs are also still in focus, with analysts watching for updates on how the trade war has impacted the company.
Apple will report results shortly after 4 p.m. ET on Thursday, with a call scheduled for 5 p.m. ET.
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