Apple's Q3 Forecast Soars Past Estimates, Mac Shortages to Linger for Months
Summary
Apple issued a strong revenue forecast for the third calendar quarter of 2026, projecting sales growth of 14-17%, significantly exceeding analyst expectations of 9.1%. This positive outlook comes despite warnings that Mac computer shortages and rising memory-chip prices will persist for "several months." The company also reported strong fiscal Q2 results, with sales up 17% to $111.2 billion and EPS of $2.01, both beating estimates. This news follows an 8-K filing hours earlier that announced record second fiscal quarter results and capital allocation plans, but this article provides crucial details from the earnings call, specifically the forward guidance and operational challenges. The robust Q3 forecast indicates strong underlying demand, but the prolonged Mac shortages and rising component costs present a notable headwind. Investors will monitor the duration and impact of the supply chain constraints and the company's ability to manage rising memory costs, as well as the performance under incoming CEO John Ternus.
At the time of this announcement, AAPL was trading at $276.40 on NASDAQ in the Technology sector, with a market capitalization of approximately $4T. The 52-week trading range was $193.25 to $288.62. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: CNBC TV18.