Wall Street anticipates Apple’s fiscal Q2 earnings report on April 30, with analysts expecting revenue near $109.5 billion and EPS between $1.92 and $1.94, up from $1.65 a year ago. Major banks like Goldman Sachs and Bank of America maintain bullish price targets, while investor focus sharpens on the impending CEO transition from Tim Cook to John Ternus and its potential strategic implications.
Apple stock earnings are due after the closing bell on Thursday, April 30, with Wall Street paying close attention. Analysts expect fiscal Q2 revenue of around $109.5 billion, with earnings per share landing between $1.92 and $1.94.
The Apple stock price sits near $270, with options pricing pointing to a potential 4% move following the earnings call. This swing could push the stock toward its December record near $286 or pull it below $260.
Goldman Sachs analyst Michael Ng holds a $330 price target and expects EPS of $2.00, above consensus. His team anticipates outperformance on iPhone and Mac revenue alongside solid gross margins.
Bank of America also has a $325 price target and calls for a meaningful earnings beat. The bank cited iPhone momentum and the AI-driven upgrade cycle as key near-term growth drivers.
BofA analysts stated: “Upcoming catalysts include expected new buyback authorization, WWDC in June, and launch of a foldable iPhone in the fall and launch of an enhanced Siri with integration with Gemini AI which can drive higher upgrades.”
JPMorgan analyst Samik Chatterjee maintains a $325 target but shifts focus toward leadership. He wrote that the “center stage on the earnings call will be the planned transition of the CEO role to John Ternus on September 1.”
Wedbush’s Dan Ives, who holds a $350 target, also flagged the call as critical. He noted investors would be “laser focused on Cook’s comments around leaving and breadcrumbs around the much anticipated AI strategy now under Ternus.”
In contrast, UBS analyst David Vogt carries a neutral rating and a $287 price target. His team sees Apple slightly beating estimates but notes risks around Apple Intelligence adoption and softer App Store growth.
