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
- V7 flight-to-quality bonus: +0.5 (Q=8.0 in RISK_OFF)
- Strong earnings beat streak (4/4)
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
- $332.58
- Price target
- $382.11
- Stop
- $316.59
- Upside to target
- +14.9%
At 37.5× trailing and 34.7× forward earnings, consensus estimates imply little change in earnings power.
Risk check: RSI 71 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-09-13 — 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
- $4849.21B
- P/E (fwd)
- 34.7
- P/E (ttm)
- 37.5
- 52-week range
- $229.02–$344.57
- Off 52-week high
- 3.5%
- RSI (14)
- 71
- Volume vs avg
- 1.19×
- Score today
- 5.9/10