Apple (AAPL) CFO guides Q3 revenue to grow between 14-17% Y/Y (exp. +9%) on supply constraints, gross margin between 47.5-48.5%, no longer targeting a net cash neutral position

Apple's CFO is guiding for a revenue increase of 14-17% year-over-year, significantly above the expected 9%, which indicates stronger-than-anticipated demand despite supply constraints.

Newsquawk StaffPublished 30 Apr 2026, 21:52 UTCOn the live feed at 21:32 UTC — 3 more headlines followed before this page went public

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Apple (AAPL) CFO guides Q3 revenue to grow between 14-17% Y/Y (exp. +9%) on supply constraints, gross margin between 47.5-48.5%, no longer targeting a net cash neutral position

21:24

Meta (META) CEO says a trajectory change in the ad business occurred due to the Iran conflict, which has impacted consumer spending on discretionary items; the planned layoffs is linked to the need to increased data centre spending, WSJ reports

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Expects services revenue to grow similarly to March quarter in June quarter, when adjusting for favourable impact of FX rates.

Context

This positive outlook on revenue, coupled with steady gross margins, may boost investor confidence in AAPL and suggest resilience in its underlying business model, though the shift away from targeting a net cash neutral position could signal a change in capital allocation strategy.

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