Apple Posts Ninth Consecutive EPS Beat, Igniting Bullish Sentiment

Apple's latest financials have left many investors unimpressed, but one writer is still convinced that AAPL is a buy. In a recent article, Alex Sirois highlighted several key points that support his bullish thesis.

The company posted its ninth consecutive EPS beat with revenue up 16% year-over-year in Q3 FY2026. Additionally, Apple raised its iPhone prices and still guided for 9-11% September quarter revenue growth despite surging DRAM costs, which Tim Cook referred to as a '100-year flood.'

One of the main drivers of Apple's success is its massive installed base of devices, with over 2.5 billion active devices in Q1 FY2026. This has led to a growing high-margin subscription flywheel, with Services revenue reaching $30.7 billion in Q3 FY2026 and a gross margin of 75.6%.

Apple's capital return program is also a key component of its long-term bull case, with the company authorizing an additional $100B buyback and raising its dividend by 4% to $0.27 per share. The balance sheet shows that Apple has $147 billion in cash and marketable securities against $84 billion in total debt.