Touchstone
Last syncOct 31, 2026, 6:54 PM ET

AAPL

Apple Inc. Information Technology Electronic Computers S&P 500Nasdaq-100Dow 30Russell 3000
$344.63Close $5.1TMarket cap $246.03 – $348.9152-week range Nov 2, 2026Next report · after the close

Highlights

Strengths

  • In a stage-2 uptrend all 8 trend conditions pass
  • Near its high 1% below its 52-week high
  • Earnings growing EPS +29% year on year, faster than the quarter before (+7 pts)

Cautions

  • Results soon Nov 2, 2026, in 1 day

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Sep 27, 2025 · filed Jul 31, 2026
Off 12-month high 1%
1wk down 0.9% price change
1mo up 3.5% price change
12-month return up 27% market up 11% · its own up 17%
F-score 8 / 9 Exceptional
Altman Z 12.97 Low risk
P/E 45.5× price / earnings
PEG 2.00 P/E / EPS growth
P/B 69.1× price / book
Earnings yield up 2.6% EBIT / enterprise value
Cheaper than 26% of the market · expensive
Revenue growth up 6% year on year
EPS growth up 29% latest quarter · +7 pts
Sales growth up 16% latest quarter · -0 pts
ROE up 171% return on equity
Free cash margin up 24% $98.8B FCF
D/E 1.06 long-term debt / equity
Net debt / EBITDA 0.3×
Interest cover —EBIT / interest
Piotroski tests
  • profits not fully backed by cash
  • profitable on its assets
  • generating cash from operations
  • profitability improving
  • reduced long-term debt
  • short-term liquidity improved
  • no new shares issued
  • gross margin widened
  • assets working harder

Repair signals

  • Long-term debt down 9% ($85.8B → $78.3B)

Trade setup

ATR% 2.0% $6.88 a day · 2×ATR $330.87
RS 79 / 99 vs the universe
Trend 8 / 8 trend template
Relative volume 1.7× vs 50-day average
Up/down volume 1.16 50 sessions
Implied move 4.3% by Nov 4, 2026 · report Nov 2, 2026
Trend template · 8 of 8

Screen verdict

Did not qualify for any screen.

Warning signs

none flagged
  • No restatement or impairment
  • Equity positive
  • Interest covered
  • No material dilution
  • Profits tracking cash
  • Margins and revenue not shrinking
Last reported Jul 30, 2026
Options $502.8M28.7% IV · activity

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $416.2B +6% on FY2024
$0 $500B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $274.5B FY2021 · $365.8B FY2022 · $394.3B FY2023 · $383.3B FY2024 · $391.0B FY2025 · $416.2B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $112.0B +19% on FY2024
$0 $200B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $57.4B FY2021 · $94.7B FY2022 · $99.8B FY2023 · $97.0B FY2024 · $93.7B FY2025 · $112.0B
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $98.8B -9% on FY2024
$0 $200B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $73.4B FY2021 · $93.0B FY2022 · $111.4B FY2023 · $99.6B FY2024 · $108.8B FY2025 · $98.8B
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 47%
  • Net 27%
  • Free cash 24%
0% 50% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 38% · Net 21% · Free cash 27% FY2021 · Gross 42% · Net 26% · Free cash 25% FY2022 · Gross 43% · Net 25% · Free cash 28% FY2023 · Gross 44% · Net 25% · Free cash 26% FY2024 · Gross 46% · Net 24% · Free cash 28% FY2025 · Gross 47% · Net 27% · Free cash 24%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $42.4B net debt
  • Cash
  • Long-term debt
$0 $200B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $38.0B · Long-term debt $98.7B FY2021 · Cash $34.9B · Long-term debt $109.1B FY2022 · Cash $23.6B · Long-term debt $99.0B FY2023 · Cash $30.0B · Long-term debt $95.3B FY2024 · Cash $29.9B · Long-term debt $85.8B FY2025 · Cash $35.9B · Long-term debt $78.3B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 14.77bn -13.0% since FY2020
16.98bn 14.77bn FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 16.98bn FY2021 · 16.43bn FY2022 · 15.94bn FY2023 · 15.55bn FY2024 · 15.12bn FY2025 · 14.77bn
  FY2020Sep 26, 2020 FY2021Sep 25, 2021 FY2022Sep 24, 2022 FY2023Sep 30, 2023 FY2024Sep 28, 2024 FY2025Sep 27, 2025
Revenue $274.5B $365.8B $394.3B $383.3B $391.0B $416.2B
Gross margin 38% 42% 43% 44% 46% 47%
Operating income $66.3B $108.9B $119.4B $114.3B $123.2B $133.1B
Net income $57.4B $94.7B $99.8B $97.0B $93.7B $112.0B
Net margin 21% 26% 25% 25% 24% 27%
Earnings per share $3.28 $5.61 $6.11 $6.13 $6.08 $7.46
Free cash flow $73.4B $93.0B $111.4B $99.6B $108.8B $98.8B
Free cash margin 27% 25% 28% 26% 28% 24%
Cash $38.0B $34.9B $23.6B $30.0B $29.9B $35.9B
Long-term debt $98.7B $109.1B $99.0B $95.3B $85.8B $78.3B
Shareholders' equity $65.3B $63.1B $50.7B $62.1B $57.0B $73.7B
Shares outstanding 16.98bn 16.43bn 15.94bn 15.55bn 15.12bn 14.77bn

Next report

Nov 2, 2026 · after the close

Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology ±4.3% $330 – $360 by Nov 4, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology ±2.4% last 4: -8.7% · +3.7% · +1.2% · +0.2%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology Bigger than usual 1.8× the usual move

What options price now

Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
$323 – $367 ±6.4% by Nov 27, 2026
Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
Bigger 28.7% priced · 14.5% recent
Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
Choppier
Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
past week: no change
Positioning
Premium traded
$502.8M calls $311.9M · puts $190.9M · latest session
Puts against calls, by premium Money spent on puts divided by money spent on calls. Measured in dollars rather than contracts on purpose: counting contracts treats a hundred cheap lottery tickets as more meaningful than one large position, which is backwards. Methodology
0.61× +0.16 over the week
Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
calls -66.27k · puts -128.43k past week

For options traders: ATM IV 28.7% (+1.6% 1w) · 1m ÷ 3m IV 1.22 · 25Δ skew 6.0 pts · Net GEX $736.6M

Most traded contracts 18
Contract Next day: opened, closed or mixed A large option trade on its own is ambiguous: it may have opened a position, closed one, or been one leg of a spread. Open interest is published overnight, so the next morning settles it. Opened: open interest rose by a good share of the volume traded, so positions were added. Closed: it fell, so positions were taken off. Mixed: it barely moved, as when one side opens while the other closes. A dash: the next morning's count is not in yet. None of the three says whether the contracts were bought or sold. Methodology Volume against open interest The day's contracts traded, divided by the positions already standing. Above 1 the day's trading exceeded every position in existence, which cannot happen without something new — though only tomorrow's open interest proves it opened rather than closed. Methodology Bid-ask spread The gap between the bid and the ask as a share of the midpoint: what a round trip costs before the position has moved at all. Methodology Priced vs rest of chain The contract's implied volatility less the at-the-money reading for the same company, in points: how this strike is priced against the rest of the chain. Methodology Move to break even How far the stock must move by expiry for a buyer at the midpoint to get the premium back: strike plus premium for a call, strike less premium for a put. Methodology Premium
Dec 18, 2026 · $360 call +4% from price — 0.30 4.7% -3.3% +6.5% $5.8M
Dec 18, 2026 · $345 put at the price — 0.71 3.4% -1.2% -3.8% $4.2M
Dec 18, 2026 · $340 put -1% from price — 0.44 3.6% -0.7% -4.7% $3.4M
Dec 18, 2026 · $320 put -7% from price — 0.60 3.8% +1.8% -8.8% $2.7M
Dec 18, 2026 · $350 call +1% from price — 0.09 3.0% -2.1% +4.8% $2.7M
Dec 18, 2026 · $330 put -4% from price — 0.58 3.9% +0.5% -6.6% $2.6M
Dec 18, 2026 · $350 put +1% from price — 0.57 3.5% -1.9% -3.1% $2.3M
Dec 18, 2026 · $340 call -1% from price — 0.07 4.0% -0.8% +3.6% $1.8M
Dec 18, 2026 · $345 call at the price — 0.12 3.8% -1.5% +4.2% $1.3M
Dec 18, 2026 · $300 put -13% from price — 0.23 3.4% +4.8% -13.7% $1.2M
Jan 15, 2027 · $350 call +1% from price — 0.03 3.9% -2.7% +5.9% $2.6M
Jan 15, 2027 · $345 put at the price — 0.41 4.2% -2.2% -4.5% $2.5M
Jan 15, 2027 · $340 put -1% from price — 0.11 2.2% -1.9% -5.3% $2.2M
Jan 15, 2027 · $330 put -4% from price — 0.21 4.1% -1.0% -7.2% $1.6M
Jan 15, 2027 · $325 put -6% from price — 0.11 4.2% -0.4% -8.2% $716,782
Jan 15, 2027 · $355 call +3% from price — 0.02 4.7% -3.6% +6.6% $716,550
Jan 15, 2027 · $335 put -3% from price — 0.10 3.5% -1.5% -6.2% $583,680
Feb 19, 2027 · $330 put -4% from price — 0.21 3.4% -0.2% -8.2% $729,750

Liquid contracts, 3 weeks to 4 months out, soonest expiry first.

Filings

SEC EDGAR
FiledReportPeriod to Lag
Jul 31, 2026 Quarterly ↗ Jun 27, 2026 34d
May 1, 2026 Quarterly ↗ Mar 28, 2026 34d
Jan 30, 2026 Quarterly ↗ Dec 27, 2025 34d
Oct 31, 2025 Annual ↗ Sep 27, 2025 34d
Aug 1, 2025 Quarterly ↗ Jun 28, 2025 34d
May 2, 2025 Quarterly ↗ Mar 29, 2025 34d
Jan 31, 2025 Quarterly ↗ Dec 28, 2024 34d
Nov 1, 2024 Annual ↗ Sep 28, 2024 34d
Aug 2, 2024 Quarterly ↗ Jun 29, 2024 34d
May 3, 2024 Quarterly ↗ Mar 30, 2024 34d
Feb 2, 2024 Quarterly ↗ Dec 30, 2023 34d
Nov 3, 2023 Annual ↗ Sep 30, 2023 34d

Current reports

FiledDisclosed
Jul 30, 2026 Results ↗
Apr 30, 2026 Results ↗
Apr 20, 2026 Director or officer change ↗
Feb 24, 2026 Shareholder vote ↗
Jan 29, 2026 Results ↗
Jan 2, 2026 Director or officer change ↗
Dec 5, 2025 Director or officer change ↗
Oct 30, 2025 Results ↗
Jul 31, 2025 Results ↗
Jul 25, 2025 Director or officer change ↗
Jul 9, 2025 Director or officer change ↗
May 12, 2025 Other events ↗