Apple's June quarter produced numbers that looked solid on the surface but left investors with a question: Was September quarter guidance conservative, or was the business actually slowing?
Bank of America published its answer on July 30. The firm says investors are misreading the results and that the underlying business is stronger than the headline numbers show.
Bank of America ***** yst Wamsi Mohan reiterated his Buy rating on Apple and held his $380 price target. Apple's stock closed July 30 at $333.43, making the target roughly 14% above where shares ended the day. Mohan also raised his EPS estimates for the next three fiscal years, Investing.com reported.
Apple reported Q3 2026 revenue of $109.4 billion, up 16% from a year earlier. EPS came in at $2.02. Bank of America flagged that about $0.11 of that figure came from a tariff refund. Once you back that out, earnings were roughly in line with ***** yst projections. Apple met expectations. It did not clear them by a wide margin.
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Bank of America published its answer on July 30. The firm says investors are misreading the results and that the underlying business is stronger than the headline numbers show.
Bank of America ***** yst Wamsi Mohan reiterated his Buy rating on Apple and held his $380 price target. Apple's stock closed July 30 at $333.43, making the target roughly 14% above where shares ended the day. Mohan also raised his EPS estimates for the next three fiscal years, Investing.com reported.
Apple reported Q3 2026 revenue of $109.4 billion, up 16% from a year earlier. EPS came in at $2.02. Bank of America flagged that about $0.11 of that figure came from a tariff refund. Once you back that out, earnings were roughly in line with ***** yst projections. Apple met expectations. It did not clear them by a wide margin.
More Apple:
#America #numbers
3 months ago
