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<Research> CICC: Apple Inc. (AAPL.US) 2QFY26 Results Beat; Raises Earnings Forecast
CICC published a report stating that Apple Inc. (AAPL.US) delivered 2QFY26 results that exceeded the brokers expectations. Revenue reached USD111.184 billion, up 17% YoY, while ne...
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<Research> CICC: Apple Inc. (AAPL.US) 2QFY26 Results Beat; Raises Earnings Forecast
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CICC published a report stating that Apple Inc. (AAPL.US)      delivered 2QFY26 results that exceeded the brokers expectations. Revenue reached USD111.184 billion, up 17% YoY, while net profit rose 19% YoY to USD29.578 billion, both above its forecasts. The broker attributed the earnings beat mainly to better-than-expected services revenue and gross margin, as well as solid performance in hardware product revenue such as Mac and iPad.

Considering the upside in services and hardware sales, CICC raised its FY2026 net profit forecast for Apple Inc. by 3% to USD129.916 billion and maintained its FY2027 net profit forecast at USD139.024 billion. The broker reiterated its Outperform rating and USD310 TP, corresponding to 35.5x and 33.1x PE for FY2026 and FY2027, respectively. (ha/u)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsEIA Crude Oil Stocks Change for May/08 in the United States is -4.306M, lower than the previous value of -2.313M. The forecast was -2.10M.

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