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Apple expected to beat Q3 revenue and EPS estimates despite margin dip, says BofA

Company Fundamentals
20 Jul 2026
Proactive Investors
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Bullish
pluang ai news

Bank of America forecasts Apple will exceed fiscal Q3 revenue and earnings estimates, projecting $109 billion in revenue and $1.89 EPS, above consensus. The bank notes a staggered iPhone launch schedule and higher prices may impact seasonality and margins, expecting a temporary gross margin dip before recovery in Q4. Services revenue growth is steady but App Store growth slows. Apple reports Q3 results on July 30, with BofA maintaining a Buy rating and a $380 price target based on strong 2027 EPS projections.

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