Apple Shares Hit $336 Following Strong Fiscal Q3 Results

Apple Inc. shares reached $336.13, exceeding the analyst target of $328.22, as investors anticipate a wave of AI upgrades for Siri. The company reported strong fiscal Q3 2026 results, with revenue rising 16.4% year-over-year to $109.42 billion and diluted earnings per share of $2.02. This performance marks the company's ninth consecutive consensus beat.

Growth for the quarter was primarily driven by the iPhone 17 cycle and record revenue from the Services division. While the company maintains a cash reserve of $147 billion, CEO Tim Cook declined to quantify the expected impact of the Siri AI upgrades.

Some analysts expressed caution regarding the stock's valuation, citing a trailing P/E ratio of 44. These critics argue the valuation is high for a hardware-led business and provides little margin of safety for new investors.