Apple Earnings Seen Rising 15% to $109.48 Billion

Apple earnings are due on Thursday, April 30, and Wall Street expects fiscal second-quarter sales to rise nearly 15% to $109.48 billion. Tim Cook’s planned retirement in September adds a second test: investors want the numbers, but they also want clarity on who is next.

Tim Cook’s September exit

Tim Cook said last month that he will retire in September and become executive chairman of the board after stepping down as CEO. John Ternus is set to replace him as Apple’s senior vice president of hardware engineering, and he has been at the company for 25 years after joining in 2001.

That handoff lands while Apple still has to deliver a quarter that looks unusually broad-based. Services revenue is expected to increase 14% to more than $30 billion, products revenue is projected to rise 15% to over $79 billion, and earnings per share are expected to climb 16% to $1.92 from $1.65 a year ago.

Apple's 12-quarter streak

12 consecutive quarters of beats have made Apple a hard name to miss when estimates are on the line, but the current setup is tighter than usual. Over the last four quarters, Apple posted an average sales surprise of 3.12% and an average EPS surprise of 6.79%, while the most accurate recent estimate puts Q2 EPS at $1.90, or 0.75% below the Zacks consensus.

Apple’s Q2 EPS consensus has risen from $1.89 a month ago to $1.92, and FY26 EPS estimates have moved up 1% in the last 30 days from $8.43 to $8.52. The same period brought a 3% increase in Q3 EPS estimates, from $1.70 to $1.75, while FY27 EPS revisions slipped slightly from $9.34 to $9.32.

What Apple shareholders read next

14% expected EPS growth this year and another 9% projected for FY27 leave Apple trading with a profile built on continued execution, not just a single quarter. Apple stock carries a Zacks Rank #3, or Hold, and that leaves Thursday’s report as the clearest near-term check on whether the company can keep growth, margin mix, and succession planning moving in the same direction.