Revenue of $60 billion–$62 billion
Apple (AAPL) expects revenues of $60 billion–$62 billion in fiscal 2Q18, with gross margins of 38%–38.5%. Operating expenses are estimated at $7.6 billion–$7.7 billion. Apple reported revenue of $52.9 billion in fiscal 2Q17. It expects the iPhone X to continue to drive sales in fiscal 2Q18.
What analysts expect from Apple in fiscal 2Q18
Analysts expect Apple to post revenue of $65.7 billion with a high estimate of $70.8 billion and a low estimate of $60.4 billion. If Apple meets the average revenue estimate of $65.7 billion, it would mean a YoY (year-over-year) rise of 24% in fiscal 2Q18. Wall Street has estimated Apple’s non-GAAP (generally accepted accounting principles) EPS (earnings per share) to rise to $2.84 in fiscal 2Q18, with a low estimate of $2.47 and a high estimate of $3.56.
Apple reported EPS of $2.10 in fiscal 2Q17, indicating a YoY rise of 35% in fiscal 2Q18. Analysts expect Apple’s revenue to rise 20.4% YoY to $54.7 billion in fiscal 3Q18, 17.7% YoY to $270 billion in fiscal 2018, and 3.1% YoY to $278.4 billion in fiscal 2019.
Apple’s EPS is projected to rise 31% YoY to $2.19 in fiscal 3Q18, 24.5% YoY to $11.47 in fiscal 2018, and 8.6% YoY to $12.46 in fiscal 2019.