"Apple's Q1 FY2026 earnings report showed revenue of $143.76 billion, beating estimates by 3.78% and growing 15.65% year over year, with EPS of $2.84 surpassing the consensus estimate by 6.34%."
"Tim Cook highlighted the strong performance, stating it was 'a remarkable, record-breaking quarter,' with iPhone revenue hitting $85.27 billion, up 23.3% year over year."
"Three key drivers support a bullish outlook: rapid scaling of Apple Intelligence, significant growth in India, and a high probability of a foldable iPhone launch before 2027."
Apple's stock is currently at $251.49, down 7% year to date. The price target is set at $303.45, suggesting a 20.66% upside. Despite a strong Q1 FY2026 earnings report, the stock is trading below its year-end 2025 close. Revenue for Q1 was $143.76 billion, exceeding estimates. Key growth drivers include Apple Intelligence, emerging markets like India, and potential new products. However, concerns about China and valuation pose risks to the stock's performance.
Read at 24/7 Wall St.
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