iPhone maker Apple (AAPL) is scheduled to announce its fiscal second-quarter results today, April 30. While the stock has been largely flat year-to-date, investors are increasingly focused on the company’s ability to close the gap in AI and defend its market share in China amid rising local competition.
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According to TipRanks’ Options Tool, option traders are expecting a 3.85% move in either direction in Apple stock following its Q2 FY26 earnings. This implied move is higher than the stock’s average post-earnings move (in absolute terms) of 1.77% over the past four quarters.
What to Expect from AAPL’s Q2 Results Today
Wall Street expects Apple to report EPS (earnings per share) of $1.95 for Q2 FY26, reflecting 18.2% year-over-year growth. Revenue is projected to rise about 15% to $109.46 billion. Analysts expect continued strength in iPhone sales and high-margin Services revenue to drive the top line.
Meanwhile, investors will watch for progress on Apple’s AI plans, including updates on “Apple Intelligence” and whether AI is helping drive device upgrades. Reports suggest iOS 27 may bring a deeper “Siri mode” into the iPhone camera, possibly replacing the capture button with a simple AI tool that lets users point at objects to run ChatGPT queries or Google (GOOGL) image search.
iPhone demand in China will also be in focus as the market looks for signs of stabilizing share amid local competition. Investors will be watching for a potential boost to capital returns, including higher buybacks or dividends. Finally, third-quarter guidance will be key in showing whether Services growth can offset a typically slower period for hardware sales.
Is AAPL a Good Stock to Buy?
Ahead of Q2 earnings, UBS analyst David Vogt raised his price target for Apple stock to $287 from $280 while maintaining a Hold rating. The analyst sees modest upside to his Q2 FY26 revenue estimate, driven by higher iPhone sales.
Ahead of Q2 FY26 earnings, Wall Street has a Moderate Buy consensus rating on Apple stock based on 17 Buys, nine Holds, and one Sell rating. The average AAPL stock price target of $299.80 indicates about 11% upside potential.
