AAPL · PEAD → 9

Apple reported Q4 FY2026 EPS of $2.05 on 2026-11-02, beating the $1.98 consensus by $0.07 (+3.5%).

Print-day reaction was −1.8% versus the prior close, as the market sold the beat on the session Apple reported. The overnight gap to the T+1 open extended the decline by a further −3.8%, suggesting after-hours sentiment remained negative. Over the following two trading days (T+1 close through T+3 close) the stock recovered, drifting +3.7% and partially clawing back the initial losses. The cumulative abnormal return of +2.9% versus SPY.US sits between the +3% and −3% thresholds, placing this in PEAD-neutral territory; direction is none with conviction 9, and the holding window runs through 2027-01-28.