MarketMoodz
Apple, Sandisk Lead Premarket Moves as KLA Slumps on Guidance
Apple shares slipped 0.6% in premarket trading after fiscal Q1 results showed EPS of $2.84 on revenue of $143.76 billion, with iPhone revenue up 23% year over year to $85.27 billion. The moves come as KLA's weaker guidance weighed on semiconductors, signaling a mixed start to earnings season.
Key Takeaways
- Apple (AAPL) posted Q1 FY2026 results: EPS $2.84 on revenue $143.76B, with iPhone revenue up 23% to $85.27B.
- KLA Corp (KLAC) guided Q3 non-GAAP EPS of $8.30-$9.86 and revenue of $3.2B-$3.5B, sending shares down more than 7%.
- Deckers Outdoor (DECK) up about 10.9% on a 2026 outlook: EPS $6.80-$6.85 and revenue $5.4B-$5.43B.
- Visa (V) Q1 beat with adjusted EPS $3.17 on revenue $10.9B but shares slipped ~1%.
- SanDisk (SNDK) surged about 22% premarket after purported Q3 adj EPS guidance of $12-$14 and strong Q2 results, though the claim remains unverified.
People Involved
- No specific individuals mentioned
Entities Involved
- Apple Inc. (AAPL)Technology company
- KLA Corp. (KLAC)Semiconductor equipment maker
- Deckers Outdoor Corp. (DECK)Consumer footwear retailer
- SanDisk (SNDK)Storage hardware company
- Visa Inc. (V)Payments processor
MarketMoodz Analysis
The premarket moves illustrate a mixed risk-on tone as investors digest a handful of earnings snapshots that point to divergent momentum across tech, semiconductors, and consumer discretionary. Apple’s stronger iPhone sales support optimism around consumer demand and premium device ecosystems, even as overall revenue beat helps sentiment. By contrast, KLA’s softened guidance underscores lingering caution around silicon equipment demand and the capex cycle that powers data centers and manufacturing fabs.
Historically, earnings-season rotations hinge on guidance from capital-intensive segments such as silicon equipment and storage. If suppliers like KLA set a cautious tone, broader tech indices can face headwinds even when large-cap names beat. Look for follow-through from memory/storage names and consumer discretionary, plus any macro data on capex, cloud spend, and consumer confidence to set the near-term direction.
Source: Original Article
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