Apple (AAPL) is set to release the next version of Siri, expected to run on Google’s (GOOGL) Gemini AI, with deep integration across its ecosystem and new features in core apps. According to Bloomberg, Apple plans to announce the update in the second half of February. The report comes ahead of Apple’s Q1 FY26 earnings scheduled for January 29. This version of Siri is said to be the first to fulfill Apple’s promises from June 2024. Meanwhile, investors will be watching for signs that Apple’s AI strategy is making progress. Clear guidance or comments on AI adoption could boost confidence in the company’s long-term plans for innovation.
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What to Expect from the New Siri?
Reports stated that the new Siri will be part of iOS 26.4, which is expected to enter beta testing in February and officially launch by early April at the latest.
This version of Siri will be more conversational, similar to chatbots like OpenAI’s ChatGPT, and could run directly on Google’s cloud infrastructure. With deep integration, Gemini-powered Siri could serve as a single chatbot across multiple apps, removing the need to build separate chatbots for each one. Moreover, Apple’s upgraded Siri will provide a seamless experience across apps, including Apple Music, Health, TV, Podcasts, and Safari.
Apple is also planning an even bigger Siri upgrade, expected to be unveiled in June at its Worldwide Developers Conference.
Investors Bet on Apple’s AI Gains
Earlier reports suggested that Apple has faced challenges getting its AI strategy on track. However, with the Google partnership and the recent departure of Apple’s AI chief John Giannandrea, the company now appears to be moving in a new direction.
In Apple’s upcoming earnings report, investors will watch to see if the company can keep growing amid uneven global demand and rising AI expectations. While the Siri update may not boost revenue right away, signs like changes in user engagement, app integration, and services growth could influence investor sentiment, as the market focuses on AI-driven opportunities.
Overall, Wall Street expects Apple to report earnings per share (EPS) of $2.67 on revenue of $138.40 billion for the quarter.
Is AAPL Stock a Buy?
On TipRanks, AAPL stock has a consensus Moderate Buy rating among 32 Wall Street analysts. That rating is based on 19 Buys, 11 Holds, and two Sells assigned in the last three months. The average AAPL price target of $298.84 implies a 17% upside from current levels.
