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Content
Résumé
Ventes d'iPhone 17 : le moteur de croissance
Valorisation : Faut-il acheter AAPL avant les résultats ?
Conclusion
Foire aux questions
Quand Apple publiera-t-elle ses résultats du T2 2026 ?
Avis de non-responsabilité

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Aperçu des résultats du T2 d'Apple : iPhone 17, IA et transition du PDG

· Apr 27 2026
Aperçu des résultats du T2 d'Apple : iPhone 17, IA et transition du PDG

Résumé

Les résultats du deuxième trimestre d'Apple sont l'événement technologique le plus attendu de la semaine. Voici ce que les investisseurs doivent savoir.

  • Dépassement du consensus : Wall Street s'attend à ce qu'Apple publie un bénéfice par action (BPA) de 1,94 $ (+17 % sur un an) pour un chiffre d'affaires de 109,35 milliards de dollars (+16 % sur un an) le 30 avril.
  • Supercycle iPhone 17 : On estime que 60 millions d'unités d'iPhone ont été livrées au cours du trimestre, soit environ 52 % du chiffre d'affaires total, portées par le cycle de mise à niveau de l'iPhone 17.
  • Services à 30 milliards de dollars : Le segment Services d'Apple devrait générer environ 30 milliards de dollars de chiffre d'affaires trimestriel avec des marges brutes de plus de 70 %.
  • Transition du PDG : Tim Cook quittera ses fonctions de PDG le 1er septembre 2026 pour devenir président exécutif, John Ternus prenant la relève.

Ventes d'iPhone 17 : le moteur de croissance

L'iPhone reste le centre de gravité d'Apple. Représentant environ 52 % du chiffre d'affaires total, le cycle de l'iPhone 17 est le moteur de croissance qui alimente l'ensemble de l'écosystème Apple.

Valorisation : Faut-il acheter AAPL avant les résultats ?

Apple se négocie à environ 29 fois les bénéfices futurs. Le dossier fondamental d'Apple repose sur trois piliers : une génération massive de flux de trésorerie disponible, un programme de retour sur capital inégalé et un rendement du capital investi (ROIC) exceptionnellement élevé.

Conclusion

Notre recommandation est l'Achat avec un objectif de cours de 310 $, soit une hausse de 13 % par rapport au cours actuel. Le rapport risque-rendement est favorable pour les investisseurs prêts à conserver le titre pendant les résultats et la transition de direction.

Foire aux questions

Quand Apple publiera-t-elle ses résultats du T2 2026 ?

Apple publiera ses résultats le jeudi 30 avril 2026 après la clôture du marché. Le consensus prévoit un BPA de 1,94 $ sur un CA de 109,35 milliards de dollars.

Avis de non-responsabilité

Cet article est uniquement à titre informatif et ne constitue pas un conseil en investissement. Edgen et ses filiales peuvent détenir des positions dans les titres mentionnés.

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