BofAS Boosts Apple’s Target to $325, Anticipates Q1 Revenue Surpass

Apple will report its fiscal second-quarter 2026 results after the market close on April 30. Bank of America Securities expects the results to beat consensus.

Analyst expectations

BofA projects March-quarter revenue of $113 billion and earnings per share of $2.00. That compares with consensus forecasts of $109 billion and $1.93 per share.

Gross margin is modeled at 48.2%. Company guidance sits between 48% and 49%.

BofAS Boosts Apple’s Target to $325, Anticipates Q1 Revenue Surpass.

Drivers

Analysts cite continued strength in iPhone demand. They also point to double-digit services growth and favorable foreign-exchange gains.

Near-term guidance and risks

BofA expects gross margin to pressure in the June quarter because of product mix and higher component costs. The firm forecasts Apple will provide June-quarter revenue guidance of 10% to 15% year-on-year growth and gross margin guidance of 47% to 48%.

For the June quarter, BofA models revenue of $106 billion and EPS of $1.82. That sits above market estimates of $103 billion and $1.74 per share.

Price target and rating

BofA raised its Apple price target from $320 to $325. The brokerage maintained a Buy rating.

Macro context

U.S. industrial production rose 0.7% year-on-year in March, down from the prior 1.4% pace. A softer industrial reading may weigh on broader market sentiment.

Investors will watch the April 30 release closely for confirmation of the projections. Filmogaz.com will monitor developments and report updates after the announcement.