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Apple (IT:1AAPL)
:1AAPL
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.63Last Year’s EPS
1.4Same Quarter Last Year
Moderate Buy
Based on 28 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strongly positive operational and financial picture: record revenue, record EPS, robust iPhone performance (23% YoY), services momentum (14% YoY), improving gross margins, growing installed base (>2.5B), and large shareholder returns. Offsetting risks include near-term supply constraints tied to advanced SoC manufacturing, upward pressure on memory prices expected to affect Q2 margins, a YoY decline in Mac revenue (-7%) driven by tough comps, modest wearables weakness (-2%) due to AirPods supply issues, and elevated R&D-driven operating expenses. Management provided constructive March guidance (13–16% revenue growth, 48–49% gross margin) that already incorporates some supply and memory risk. Overall, the positives (record results, broad-based product and service strength, strong cash/returns, strategic investments) substantially outweigh the near-term operational and input-cost headwinds.Company Guidance
Record-Breaking Quarter
Total revenue of $143.8B, up 16% year over year — Apple's best-ever quarter. Diluted EPS of $2.84, up 19% YoY. Net income of $42.1B and record operating cash flow of $53.9B.
iPhone Outperformance
iPhone revenue of $85.3B, up 23% YoY — an all-time record driven by the iPhone 17 family. Strong global demand with record upgraders and market share gains in multiple regions (Greater China +38% YoY; strong double-digit growth in India).
Services Momentum and Records
Services revenue of $30B, up 14% YoY and an all-time high. All-time records across advertising, cloud services, music, payment services, App Store and video; Apple TV viewership +36% YoY. App Store weekly users average >850M and developers have earned >$550B since 2008.
Large and Growing Installed Base with High Satisfaction
Active installed base exceeded 2.5 billion devices (all-time high). High customer satisfaction metrics cited: iPhone 17 family 99% (US), Mac 97% (US), iPad 98% (US), Wearables 96% (US). Significant proportion of buyers for Mac and iPad were new-to-product or upgraders.
Improving Gross Margins and Favorable Mix
Company gross margin at 48.2%, above guidance and up 100 bps sequentially. Products gross margin 40.7% (up 450 bps sequentially) and Services gross margin 76.5% (up 120 bps sequentially), driven by favorable product mix and leverage.
Strong Cash Position and Capital Returns
Cash and marketable securities of $145B, net cash of $54B (total debt $91B). Returned nearly $32B to shareholders in the quarter including $25B of buybacks (93M shares) and $3.9B in dividends.
Strategic Investments and Partnerships
Progress on major initiatives: $600B US investment commitment over four years, shipping servers from Houston for Apple Intelligence, domestic supply chain investments (20B US chips in 2025), Apple Manufacturing Academy expansion, and a collaboration with Google to develop next-generation Apple foundation models.
Product Category Highlights — iPad & Mac Installed Base Growth
iPad revenue $8.6B, up 6% YoY with an all-time high for upgraders and over half of buyers new to iPad. Mac installed base reached an all-time high, with nearly half of Mac purchasers being new to the product despite Mac revenue headwinds.
IT:1AAPL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IT:1AAPL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | €214.20 | €216.30 | +0.98% |
Oct 30, 2025 | €234.63 | €236.27 | +0.70% |
Jul 31, 2025 | €182.03 | €175.72 | -3.46% |
Jan 30, 2025 | €227.57 | €229.26 | +0.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Apple (IT:1AAPL) report earnings?
Apple (IT:1AAPL) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Apple (IT:1AAPL) earnings time?
Apple (IT:1AAPL) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Apple stock?
The P/E ratio of Apple is N/A.
What is IT:1AAPL EPS forecast?
IT:1AAPL EPS forecast for the fiscal quarter 2026 (Q2) is 1.63.
