Revenue

Apple (AAPL) reported strong fiscal Q4 2025 earnings, exceeding expectations with EPS of $1.85 and revenue of $102.47 billion. While iPhone revenue slightly missed estimates, Mac and Services revenue beat expectations, driving overall growth. CEO Tim Cook anticipates a minimum 10% revenue increase for the December quarter, fueled by strong iPhone 17 demand. The company reported $416 billion in total revenue for fiscal year 2025, a 6% increase year-over-year. Supply chain constraints and tariffs impacted specific product lines, but Apple absorbed the tariff costs.

Amazon shares surged after a strong Q3 earnings report, beating expectations with $1.95 EPS and $180.17B revenue. Amazon Web Services (AWS) growth accelerated to 20.2%, addressing prior concerns, driven by AI demand. Amazon is investing heavily in AI infrastructure, including Project Rainier, and raised its capital expenditure forecast. Q4 sales are projected at $206B-$213B. While pursuing AI opportunities, Amazon is also implementing cost optimization, including layoffs, to enhance efficiency and adapting to business evolution.

Apple’s fiscal Q4 revenue surged 8% to $102.47B, exceeding estimates, with EPS at $1.85. Strong performance and rosy holiday quarter forecast boosted shares. Services achieved record revenue across all regions. iPhone sales grew 6%, limited by supply constraints. Q1 guidance projects significant revenue growth, driven by iPhone 17 demand. Management expects robust services growth. Apple ended the quarter with $132 billion in cash, returning $24 billion to shareholders. Price target raised to $300.

Microsoft’s fiscal Q1 exceeded expectations, driven by a 40% Azure revenue surge. While overall revenue rose 18% to $77.67 billion, and net income increased, the stock dipped due to anticipated capex increases for AI and cloud infrastructure. The Intelligent Cloud unit generated $30.9 billion, surpassing estimates. Microsoft anticipates continued growth, forecasting $79.5-$80.6 billion for fiscal Q2. Microsoft’s investment in OpenAI impacted net income by $3.1 billion.

Intel (INTC) reported strong Q3 revenue exceeding expectations, signaling a PC market recovery. CEO Lip-Bu Tan showcased the upcoming Panther Lake CPU. Revenue reached $13.65 billion, with adjusted EPS at 23 cents. A $5.7B government grant impacted net income. Q4 revenue is projected at $13.3B. Intel partners with Nvidia for AI integration, while its foundry division faces challenges attracting external clients. Workforce reductions continue as Intel navigates a competitive landscape and invests in its foundry and AI strategies.

Super Micro Computer (SMCI) shares fell 6% after preliminary Q1 2026 results missed expectations, forecasting $5 billion revenue instead of $6-7 billion. The company attributes this to “design win upgrades” shifting revenue to Q2. Despite this, CEO Charles Liang anticipates strong customer demand and reiterated revenue of at least $33B for FY 2026, driven by AI market share gains. Recent design wins exceed $12 billion, set for Q2 delivery. A detailed update will be provided during the November 4 earnings call.

Tesla’s Q3 revenue beat expectations with a 12% increase, but earnings fell short, leading to a stock dip. Profitability declined due to price cuts and increased operating expenses driven by AI investments. The expiration of EV tax credits and slumping European sales, influenced by Musk’s public persona and competition, added complexity. Tesla is focusing on long-term projects like Cybercab, Optimus robots, and Robotaxi expansion, but offered limited guidance, concerning investors about their Full Self-Driving system. Energy generation and storage saw significant growth, fueled partly by Musk’s AI venture, xAI.

IBM reported a strong Q3, exceeding expectations with adjusted EPS of $2.65 and revenue of $16.33 billion. Revenue grew 9% year-over-year, driven by AI traction, with AI-related bookings surpassing $9.5 billion. IBM raised its full-year revenue growth forecast to “more than” 5% and free cash flow to $14 billion. Software and Consulting revenues also performed well, with Infrastructure experiencing a significant increase. Despite the positive results, shares dipped in after-hours trading.

Applied Digital (APLD) stock surged 16% after exceeding first-quarter revenue estimates, driven by high demand for AI data centers. Revenue reached $64.2 million, an 84% increase year-over-year. The company is expanding infrastructure, including its partnership with CoreWeave, adding 150 MW of capacity. Applied Digital secured funding for a second North Dakota campus, aiming for 600 MW total leased capacity by 2027. While revenue increased, the company reported a net loss of $18.5 million.

Adobe reported strong fiscal third-quarter results, beating analysts’ expectations with adjusted EPS of $5.31 and revenue of $5.99 billion. The company’s growth is fueled by its digital media segment and strategic AI integration, with AI-influenced ARR exceeding $5 billion. Adobe anticipates continued growth, forecasting adjusted EPS between $5.35 and $5.40 for the fourth quarter and projecting an 11.3% annualized revenue increase in its digital media business for the fiscal year. Despite this, Adobe’s year-to-date stock performance lags behind the Nasdaq.