Apple, Qualcomm and AMD Earnings Put AI Growth Expectations to the Test
Michael Jackson
Three of the biggest names in consumer and chip technology report quarterly results next week, and investors will be listening for how each company talks about artificial intelligence. Apple, AMD and Qualcomm are scheduled to report on Nov. 2, Nov. 3 and Nov. 4, respectively. None has released results yet, so this article covers what is scheduled and what the companies have said so far, not outcomes.
Apple will announce fiscal fourth-quarter results on Monday, Nov. 2, with a call at 2 p.m. Pacific (5 p.m. Eastern), MacRumors reported, citing the company’s announcement. The site said CEO John Ternus and CFO Kevan Parekh will discuss the results.
The same report said the quarter includes launch-week sales of the iPhone 18 Pro, along with new Apple Watch and AirPods models. It expects the call to address memory pricing and supply constraints and the holiday-quarter outlook. That is the outlet’s expectation, not something Apple has confirmed.
AMD Reports Tuesday, Nov. 3
AMD said in a press release that it will report fiscal third-quarter 2026 results on Tuesday, Nov. 3, after the market closes, with a call at 5 p.m. Eastern. The notice contains no revenue or earnings figures. We did not verify analyst estimates for AMD from a primary source, so we are not citing any here.
Revenue of $9.7 billion to $10.5 billion, about 10% below the prior-year period at the midpoint.
Adjusted earnings of $2.05 to $2.25 per share, down from $3.00 a year earlier.
Handset chip revenue of about $5.2 billion, down roughly 25% from a year ago.
Apple-related revenue expected to fall about 50% between the September and December quarters.
The preview also said Qualcomm expects automotive revenue to grow about 60% from a year earlier. For AI, it said Qualcomm’s data center investments are weighing on near-term earnings. The company is targeting more than $40 billion in non-handset chip revenue by fiscal 2029, including more than $15 billion from data center opportunities. Those are long-term targets, not forecasts for this quarter.
What Investors May Watch
Qualcomm’s guidance suggests the market will focus on whether its non-handset businesses can offset smartphone weakness. For Apple, memory costs and holiday demand are likely themes. For AMD, the key questions are not covered in the company’s date announcement, so investors will look to its own commentary.
Because all three reports fall within three days, comments from one company on spending, supply or demand may shape how investors read the next. Treat any such read-across with caution until each company reports its own numbers and explains its outlook on the call.
Earnings dates can change, and analyst expectations vary by data provider. Check each company’s investor relations page for the final release and call details.
This article is for news and information only and is not investment advice.Sources:MacRumors; AMD Investor Relations; Barchart via Yahoo Finance.
