BIG TECH EARNINGS REVIEW, APPLE, ZETA, REDDIT, SANDISK TODAY | MARKET CLOSE Lane Hutson (jmCYTMYDRa)
1 min read
The story
Apple reported FY2025 revenue of $416.2B (+6.4% YoY) with strong 46.9% gross margins and $7.46 diluted EPS — steady but not explosive growth that reflects the maturity of its hardware cycle and services mix. Reddit posted $2.2B in revenue (+69.4% YoY) with a 24.1% net margin and $2.62 EPS, a striking acceleration for a platform that only recently turned profitable at scale.
The key tension heading into this multi-print session is whether Reddit's hyper-growth story can sustain or whether guidance will disappoint after a big run, while Apple's modest growth rate leaves little room for upside surprise given its scale. Watch Reddit's forward guidance and Apple's services revenue trajectory as the primary catalysts for post-print moves.
The case — both sides
3 of 4 names have verified EOD history. The basket chart is hidden rather than showing illustrative data.Missing: SNDK
Reddit's 69% YoY revenue growth paired with a 24.1% net margin demonstrates the platform is scaling profitably at pace, a combination that historically re-rates high-growth internet names higher if guidance confirms the trajectory.
Apple's 6.4% revenue growth at $416B scale with no major new product catalyst leaves the stock susceptible to multiple compression if services growth decelerates or FX headwinds widen in the next guidance period.
The house read
Two-sidedWith RDDT posting 69% revenue growth and AAPL grinding at 6%, the question is whether Reddit's guidance can justify its valuation premium and whether Apple's services mix can re-rate the stock above its mature-growth multiple.
Wrong ifA miss or soft guidance from either Reddit or Apple could cascade across ad-tech and consumer tech sentiment simultaneously, given the multi-print session dynamic. No single clean directional trade is identifiable pre-print.
Published read · research, not advice