Apple (AAPL) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $2.02
- Estimate
- $1.89
- Surprise
- +6.7%
- Revenue (period 2026-06-27)
- $109.42B
- Score at report (before → after)
- 6.1 → 6.0/10
Revenue source: xbrl.
How the report landed
Apple (AAPL) beat the $1.89 estimate with diluted EPS of $2.02 — a clear 6.7% upside surprise. TrendMatrix's engine moved from Hold (6.1/10) to Buy (Wait) at 6.0/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates AAPL Hold at 5.9/10.
4 of the last 4 quarters beat the estimate; this quarter's +6.7% surprise compares with a +5.2% four-quarter average. Next scheduled report: 2026-10-29.
What supports the rating
- Strong earnings beat streak (4/4)
- High-quality business
What argues against it
- Concentration risk — Geographic: international sales majority
- Concentration risk — Supplier: single-source component partners
- Analyst target reached - limited upside remaining
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $309.69
- Price target
- $337.38
- Stop
- $296.57
- Upside to target
- +8.9%
At 35.7× trailing and 32.4× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-08-23 — shown for context, not personalized investment advice.
AAPL at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Consumer Electronics
- Market cap
- $4514.71B
- P/E (fwd)
- 32.4
- P/E (ttm)
- 35.7
- 52-week range
- $224.69–$344.57
- Off 52-week high
- 10.1%
- RSI (14)
- 57
- Volume vs avg
- 0.88×
- Score today
- 5.9/10