Business
April 15, 2026
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Apple’s stock earnings are set up for a significant moment on April 30, and the debate has shifted from whether Apple beats to by how much. Bank of America’s Wamsi Mohan raised his Apple stock price target to $325, up from $320, while maintaining a Buy rating. He projects the Apple earnings report to top consensus by a wide margin: $113 billion in revenue and EPS of $2.00, against $109 billion and $1.93. The Apple stock price today sits near $270, leaving roughly 20% upside to BofA’s target.
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AAPL Earnings Report And Price Targets Drive Stock Outlook
BofA’s Apple Stock Earnings Call Points to a Strong Beat
Mohan raised his Q2 iPhone unit estimate to 60 million, which is 2 million above his prior call, and sees Services revenue growing 14% year over year, in line with December quarter pace. FX tailwinds could add another 4% to March quarter revenue, and at Apple’s scale that is a meaningful number.
BofA also expects a $100 billion buyback and a 5% dividend increase to come alongside the AAPL earnings report. The average AAPL stock price target on Wall Street sits at $304.85, with BofA’s $325 comfortably above that. Apple stock earnings for fiscal year 2026 point to $8.51 per share, roughly 14% growth, supporting the Apple shares forecast of $466 billion in revenue and EPS of $8.55. The AAPL shares forecast for Q3 also sits above Street estimates, with Mohan modeling $106 billion in revenue and EPS of $1.82 against consensus of $103 billion and $1.74. That makes the Apple stock earnings beat thesis well-supported from multiple angles.
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iPhone Shipments and AI Add Fuel to the Apple Stock Earnings Outlook
Apple stock earnings also draw support from pre-quarter demand data. Counterpoint Research named Apple the top global smartphone vendor in Q1 2026, with 5% shipment growth while the broader market fell 6% and a 21% global market share. Strong demand in India, China, and Japan drove that result, and trade-in programs kept iPhone sales steady through a tough macro period.
The AAPL stock price today near $270 already reflects solid iPhone momentum, but analysts argue the upgrade cycle still has legs. Apple also plans to integrate Google Gemini into its devices, and Dan Ives, Wedbush Securities, wrote in a research note:
“We believe no ‘AI premium’ which could be worth $75–$100 per share is factored into Apple’s stock at current prices.”
What the AAPL Stock Earnings Surprise Setup Looks Like Right Now
Twenty-eight analysts over the past three weeks gave Apple a consensus Buy of 3.9 out of 5, with a breakdown of 14 Buys, 8 Holds, and 1 Sell heading into the Apple earnings report. The Apple stock price today around $270 leaves a notable gap to the $304.85 consensus target, and the AAPL shares forecast for the year calls for EPS of $8.51, up 14% year over year. The Apple shares forecast for Q3 also points higher, with Apple stock earnings likely to stay strong well into the second half if guidance lands the way BofA expects. Guidance on April 30 is the real focus.
Dan Ives also mentioned:
“2026 is going to finally be the year that Apple actually enters the AI Revolution.”
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Apple stock earnings guidance for Q3, more than the Q2 result itself, is what analysts say will ultimately move the stock. The AAPL stock price today near $270 still sits well below most targets, and the earnings report on April 30 is the moment the market has been building toward all quarter.
