"Apple's Q2 FY2026 results showed revenue of $111.18 billion, a 16.6% increase year-over-year, with EPS of $2.01 surpassing the consensus estimate of $1.94, marking the eighth consecutive quarterly beat."
"The board authorized a fresh $100 billion buyback and raised the dividend by 4% to $0.27, reflecting confidence in the company's financial health and future growth prospects."
"The bull case for Apple includes high-margin Services growth, a large installed base of 2.5 billion active devices, and a revitalized iPhone replacement cycle, with a projected price target of $375.83 by May 2027."
Apple reported a record March quarter with revenue of $111.18 billion, up 16.6% year-over-year. iPhone revenue reached $56.99 billion, driven by strong demand for the iPhone 17. Services revenue also set a record at $30.98 billion. The board approved a $100 billion buyback and increased the dividend by 4%. Analysts predict a potential price target of $375.83 by May 2027, supported by a strong installed base and upcoming product releases. However, concerns about valuation and external factors like China policy could pose risks.
Read at 24/7 Wall St.
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