Prediction: Apple Will Become a $5 Trillion Company on July 30

Apple eyes a $5 trillion market cap when it reports third-quarter earnings on July 30, positioning itself to become only the second company ever to reach that milestone. The iPhone maker has momentum heading into the print, with first-quarter fiscal 2026 iPhone sales up 23% year-over-year.

Wall Street expects third-quarter revenue of $108.96 billion, a 16% increase, with earnings per share forecast at $1.89. The company has leaned on a partnership with Alphabet to deliver AI capabilities without the heavy infrastructure spending rivals face, keeping margins attractive. Apple also announced a deal with Broadcom and launched a new Apple Upgrade leasing program, both signals management is pushing hard on hardware refresh cycles.

The setup is binary: beat estimates and guide in line or better, and the stock likely punches through $5 trillion. Miss on revenue or guide cautiously on iPhone demand in the September quarter, and the rally stalls.