Analysts expect Apple to report consensus revenue of $108.9 billion and EPS of $1.89 for the quarter ending June 30, with the stock currently trading at $339.29 against an average analyst price target of $330.62.
The primary focal point for investors is iPhone revenue, specifically how the iPhone 17 lineup is sustaining demand amidst the broader rollout of Apple Intelligence features.
Markets are also closely monitoring gross margins, which are expected to land near 48% as the company navigates headwinds from surging memory component prices. Furthermore, this announcement serves as a historic milestone, marking Tim Cook’s final quarterly report before transitioning the CEO role to John Ternus in September.