Apple (AAPL) Stock: Tim Cook to Exit CEO Role in 2026, John Ternus Named Successor
Apple announced that Tim Cook will step down as CEO in 2026 and be succeeded by John Ternus, with Cook transitioning to Executive Chairman of the Board. Apple's stock declined slightly in pre-market trading following the announcement.
Apple revealed that Tim Cook will relinquish his CEO position on September 1, 2026, and transition to Executive Chairman of the Board. John Ternus, currently Senior VP of Hardware Engineering, will assume the CEO role. This marks Apple's first CEO succession since Cook took over from Steve Jobs in 2011. The announcement comes ahead of Apple's Q2 FY26 earnings report, with analysts projecting EPS of $1.94 and revenue of $109.32 billion. AAPL shares declined approximately 0.30% in pre-market activity. Wedbush's Daniel Ives maintained a Buy rating with a $350 target, but cautioned that investor sentiment may be mixed due to the transition's timing and structure.
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