Apple is set to report third-quarter fiscal 2026 results on July 30, with the Zacks Consensus Estimate for net sales pegged at $108.75 billion, indicating year-over-year growth of 15.64%, and earnings per share pegged at $1.88, a 19.75% increase from the year-ago quarter. The company expects net sales to grow between 14% and 17% year over year, gross margin to be 47.5% to 48.5%, and operating expenses between $18.8 billion and $19.1 billion. Results are expected to reflect continued strong demand for the iPhone 17 family, record Services revenue that reached $31 billion in the prior quarter, and growing adoption of Apple Intelligence across its ecosystem, though supply chain constraints and elevated R&D spending may have pressured operating margins. Apple shares have appreciated 23.9% year to date, outperforming the Zacks Computer & Technology sector's return of 9.9%, but the stock trades at a forward 12-month price-to-earnings ratio of 35.73, well above the sector's 20.90 and peers such as Dell at 20.59 and Alphabet at 20.48. Zacks Investment Research currently rates Apple a Zacks Rank #3 (Hold), suggesting investors wait for a more favorable entry point.
Apple Inc.Strong demand for iPhone 17 and record Services revenue are positive, but supply constraints and elevated R&D spending may pressure margins.
Dell Technologies Inc
Alphabet Inc Class C
Chimera Investment Corporation
HP Inc