FINWIRES · TerminalLIVE
FINWIRES

Apple's iPhone Supercycle, Strong Outlook Drive Momentum, Wedbush Says

By

Apple's (AAPL) iPhone 17 "supercycle" continues to gain momentum across nearly every major geography, supported by stronger-than-expected results and robust guidance for the June quarter, Wedbush Securities said in a Friday research note.

The company reported strong quarterly results, with revenue, iPhone sales and services all exceeding expectations, the firm said.

The company's guidance for the June quarter exceeded Street expectations. It bakes in continued supply constraints across several Mac models. Supply and demand balance is expected to take several months to materialize, according to the note.

Analysts said the Worldwide Developers Conference at Apple Park in early June is highly consequential. Updates are expected on personalized Siri and expanded Apple Intelligence capabilities. Additional details on the collaboration with Alphabet's (GOOG) Google Gemini are also expected, they said.

The firm also highlighted a leadership transition, with John Ternus expected to take on a larger role, signaling continuity in strategy.

Wedbush raised its 2026 earnings estimate for Apple to $8.64 a share from $8.50. Analysts polled by FactSet expect $8.66.

The firm reiterated its outperform rating on the stock with a $350 price target.

Price: $283.99, Change: $+12.64, Percent Change: +4.66%

Related Articles

Wire

Tanger Q1 Core FFO, Revenue Rise; 2026 Guidance Increased

Tanger (SKT) reported Q1 core funds from operations late Thursday of $0.59 per diluted share, up from $0.53 a year earlier.Analysts polled by FactSet expected $0.58.Revenue in the three months ended March 31 rose to $150.4 million from $135.4 million a year earlier.Analysts surveyed by FactSet expected $142.9 million.The company raised 2026 FFO guidance to $2.42 to $2.50 per diluted share from $2.41 to $2.49.Analysts polled by FactSet expect $2.47.Tanger shares fell 2.3% in after-hours trading.

$SKT
Wire

Alignment Healthcare Swings to Q1 Profit, Revenue Rises; Shares Fall After Hours

Alignment Healthcare (ALHC) reported Q1 earnings late Thursday of $0.05 per diluted share, compared with the loss of $0.05 a year earlier.Analysts polled by FactSet expected earnings of $0.01.Revenue in the three months ended March 31 rose to $1.24 billion from $926.9 million a year ago.Analysts surveyed by FactSet expected $1.22 billion.The company expects revenue of $1.3 billion to $1.32 billion in Q2 and $5.16 billion to $5.21 billion in the full year.Analysts project $1.31 billion in Q2 and $5.17 billion in 2026.Alignment Healthcare shares fell 10% in after-hours trading.

$ALHC
Wire

GoDaddy Q1 Earnings, Revenue Rise; Shares Gain After Hours

GoDaddy (GDDY) reported Q1 earnings late Thursday of $1.60 per diluted share, up from $1.51 a year earlier.Analysts polled by FactSet expected $1.52.Revenue in the three months ended March 31 rose to $1.27 billion from $1.19 billion a year earlier.Analysts surveyed by FactSet expected $1.26 billion.The company expects Q2 revenue of $1.29 billion to $1.31 billion. Analysts surveyed by FactSet expect $1.29 billion.GoDaddy reaffirmed 2026 revenue guidance of $5.2 billion to $5.28 billion. Analysts surveyed by FactSet expect $5.24 billion.In Q1, the company repurchased 3 million shares for $279.7 million.GoDaddy shares rose 4.2% in after-hours trading.

$GDDY