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Sentiment · FY2026 Q2
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Amit Daryanani | Evercore ISI | 12 | 8% |
| Samik Chatterjee | JPMorgan | 12 | 8% |
| Dave Vogt | UBS | 12 | 17% |
| Erik Woodring | Morgan Stanley | 12 | 8% |
| Wamsi Mohan | Bank of America | 12 | 8% |
| Mike Ng | Goldman Sachs | 12 | 0% |
| Ben Reitzes | Melius Research | 12 | 8% |
| Krish Sankar | TD Cowen | 10 | 0% |
| Aaron Rakers | Wells Fargo | 9 | 0% |
| Rick Kramer | Arete Research | 8 | 38% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Morgan Stanley | 1 | 12 | 8% |
| Bank of America | 1 | 12 | 8% |
| UBS | 1 | 12 | 17% |
| Evercore ISI | 1 |
| 12 |
| 8% |
| Goldman Sachs | 1 | 12 | 0% |
| JPMorgan | 1 | 12 | 8% |
| Melius Research | 1 | 12 | 8% |
| TD Cowen | 1 | 10 | 0% |
Apple sustained its momentum with revenue up 17% year-over-year and EPS of $2.10 growing 22%, driven by iPhone 17 family strength and Services hitting an all-time quarterly record at $31 billion. Gross margin of 49.3% exceeded guidance range as operational efficiency and product mix offset rising memory costs that management flagged as a margin headwind going forward. Mac faced supply constraints from surging demand, and management guided for 14-17% year-over-year revenue growth in the June quarter.
Demand | Cloud & AI | Innovation & R&D | Supply Chain | Revenue Growth | Trade Tariffs | Margin | Competitive Dynamics | |
|---|---|---|---|---|---|---|---|---|
| 2025Q1 | 11 | 9 | 4 | 1 | 2 | 1 | 4 | 3 |
| 2025Q2 | 5 | 4 | 4 | 5 | 2 | 7 | 2 | 1 |
| 2025Q3 | 6 | 8 | 4 | 3 | 3 | 6 | 4 | |
| 2025Q4 | 10 | 6 | 2 | 3 | 3 | 1 | 3 | 1 |
| 2026Q1 | 6 | 7 | 3 | 5 | 4 | 1 | 4 | 1 |
| 2026Q2 | 4 | 3 | 2 | 2 | 3 | 3 | 4 |
| '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|
| Demand | 11 | 5 | 6 | 10 | 6 | 4 |
| Cloud & AI | 9 | 4 | 8 | 6 | 7 | 3 |
| Innovation & R&D | 4 | 4 | 4 | 2 | 3 | 2 |
| Supply Chain | 1 | 5 | 3 | 3 | 5 | 2 |
| Revenue Growth | 2 | 2 | 3 | 3 | 4 | 3 |
| Trade Tariffs | 1 | 7 | 6 | 1 | 1 | |
| Margin | 4 | 2 | 3 | 4 | 3 | |
| Competitive Dynamics | 3 | 1 | 4 | 1 | 1 | 4 |