Apple regains the top global market capitalisation and the market expects revenues of $113.6 billion for the quarter. Its results will be known after the market closes.
According to xtb.com, Apple will present its Q4 fiscal results for 2026 this Monday, after the market closes. The company has regained the top global position by capitalisation, ahead of Nvidia.
As of 30 October, Apple had a market capitalisation of about $5.03 trillion, compared to $4.93 trillion for Nvidia. The difference is around $100 billion, nearly 2%.
The stock has risen nearly 27.5% so far in 2026, compared to 8.6% for Nvidia and 10.5% for the S&P 500. In the last 21 sessions, Apple advanced about 4.3% while Nvidia fell 11.4%.
The change in trend is related to investment in artificial intelligence. Apple has allocated significantly less to that infrastructure than its competitors, and the market now interprets this caution as capital discipline and cash generation. This same position raises expectations: a publication aligned with forecasts may not be enough.
The market consensus anticipates revenues of $113.6 billion, a year-on-year growth of 10.9%, and earnings per share close to $2, an increase of 7.6%. The iPhone is expected to contribute $56.4 billion (+15%) and Services $31.7 billion (+10.3%), with the iPhone accounting for 49.6% of sales.
As the results are published after the stock market closes, the stock's reaction will come in the next trading session.
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