Apple Stock: the business angle

MacDailyNews presents live notes from Apple’s Q226 Conference Call with analysts starting at 2pm PDT / 5pm EDT today, April 30, 2026…. Apple Stock has emerged this Friday as one of the stories drawing attention in Israel.

Key facts

• MacDailyNews presents live notes from Apple’s Q226 Conference Call with analysts starting at 2pm PDT / 5pm EDT today, April 30, 2026….
• Streaming to your TV requires an AirPlay 2–capable device, or via AirPlay to an Apple TV (2nd generation or later) with the latest Apple TV software or tvOS.
• Apple’s live conference call webcast will begin at 2pm PDT / 5pm EDT here.
• Apple today posted record second quarter revenue of $111.2 billion, up a whopping 17% year over year, and quarterly diluted earnings per share (EPS) of $2.01, up a staggering 22% year over year.
• According to LSEG consensus estimates compiled from Wall Street analysts called for Apple to post revenue of $109.5 billion and EPS of $1.95.

What we know

Going deeper, Streaming to your TV requires an AirPlay 2–capable device, or via AirPlay to an Apple TV (2nd generation or later) with the latest Apple TV software or tvOS.

On the substance, Apple’s live conference call webcast will begin at 2pm PDT / 5pm EDT here.

Beyond the headlines, Apple today posted record second quarter revenue of $111.2 billion, up a whopping 17% year over year, and quarterly diluted earnings per share (EPS) of $2.01, up a staggering 22% year over year.

More precisely, According to LSEG consensus estimates compiled from Wall Street analysts called for Apple to post revenue of $109.5 billion and EPS of $1.95.

It is worth noting that • Parekh: Our goal of net cash neutral has served Apple well since 2018; company is not evaluation cash and debt portfolios to supor the business; Apple remains very committed to returning excess cash to shareholders • Q: Net Cash Neutral no longer being reported?

By the numbers

At this stage, • Tax rate around 17% • 47.5%-48.5% gross margin expected • Apple guidance: June quarter total company revenue to grow 14-17% YoY.

On a related note, • Enterprises are choosing Apple devices to enhance productivity • Parekh: Apple devices install base is over 2.5 billion.

Going deeper, • 451 Research: U.S. customer satisfaction for Apple Watch: 96% • 451 Research: U.S. customer satisfaction for iPad: 98% • 451 Research: U.S. customer satisfaction for Mac: 97% • 451 Research: U.S. customer satisfaction for iPhone: 99%.

On the substance, • 76.7% services gross margin • 38.7% products gross margin • New March quarter records for both operating cash flow and EPS • Over $28 billion in operating cash flow • Kevan Parekh: During quarter, Apple faced supply constraints on iPhone and to a lesser extent on Mac.

The wider context

On a related note, • Apple is investing in American jobs and American businesses • Cook touts Apple’s $600 billion commitment to American production, including Mac mini production.

Going deeper, • Quarterly diluted earnings per share (EPS) of $2.01, up 22% year over year, is a new March quarter record • Apple today posted record second quarter revenue of $111.2 billion, up 17% year over year; a March quarter record despite supply constraints.

On the substance, • Cook: I look forward to setting into the role of Executive Chairman on September 1st • Cook: This moment for the transition is the right one for a number of reasons: strong business, strong roadmap, right leader ready to set into this role. • Outgoing Apple CEO Tim Cook: I just celebrated 15 yers as CEO.

Beyond the headlines, • The majority of customers in Indi are new to all products: Mac, iPhone, Apple Wtach, iPad, etc. • Cook: I think India is a huge opportunity for Apple; we have a modest share, so a huge opportunity • Q: India market?

More precisely, • Apple Retail Stores in China traffic is up strongly • Cook: We are thrilled with Greater China performance; driven by iPhone, Mac mini, MacBook Air • Q: Greater China market?

The bottom line

• • Cook: We are investing more in Apple Intelligence; collaboration with Goole is going well as is out independent work • Q: Focus on Apple Foundation Models and Google Gemini?
• • Cook: Current constraint in March and Jun quarter is the availability of advanced nodes for Apple Silicon, not memory (TSMC) because we under-called the demand and, given the lead times required, it takes time to adjust to that • Q: iPhone constrained in June quarter?
• • Cook: What I told him was one of the most important decisions is where to spend your time; keep following Apple’s north star: making the best products and services that enrich customers’ lives • Q: CEO transition?
• Searches spiking right now: תמחור InvestingPro, פיצולי המניות של אפל וטסלה: תחילתו של טרנד בוול סטריט?, שכרו של מנכ"ל אפל נשאר יציב על 74.3 מיליון דולר מאת Investing.com, איומי המכסים של טראמפ הפילו את נאסד"ק ב-1%, אפל איבדה 3%.