Apple issued a better-than-expected revenue forecast for the current period after beating on sales and earnings in the fiscal second quarter.
The stock rose about 3% in extended trading. Sales for iPhones missed estimates for the second time in three quarters, the only significant number that came up short of expectations in Thursday’s report. Revenue climbed 17% from $95.4 billion a year earlier, Apple said. It was the first time the company faced Wall Street since the announcement last week that Tim Cook will be stepping down as CEO after 15 years on the job. Apple said on the earnings call that revenue in the June quarter will increase between 14% and 17% from a year earlier. Analysts were expecting growth of 9.5% to $103 billion, according to LSEG. The company’s board authorized an additional $100 billion in stock repurchases and declared a cash dividend of 27 cents per share, up 4%. Sales of iPhones rose 22% in the quarter from a year earlier. Like other consumer electronics companies and device makers, Apple faces supply chain constraints, largely due to the global memory shortage that’s being driven by soaring artificial intelligence demand. Meta and Microsoft said Wednesday that higher memory prices contributed to their increased capital expenditures forecasts for the year. Cook said on the earnings call that the iPhone 17 is now the “most popular lineup in our history” and noted that overall revenue beat guidance “despite supply constraints.” CFO Kevan Parekh said the company faced supply constraints on iPhones and Macs. $AAPL Apple Q2 FY26 (March quarter): 📱 Products +17% Y/Y to $80.2B. 💳 Services +16% Y/Y to $31.0B. • Revenue +17% Y/Y to $111.2B ($1.6B beat). • Operating margin 32% (+1pp Y/Y). • EPS $2.01 ($0.07 beat). APPLE $AAPL GUIDE June Quarter Guide: 🔹 Revenue: Expected to grow +14% to +17% YoY (Est. +9.1%) 🟢 - “best view of constrained supply” 🔹 Services: Expected to grow YoY at a rate similar to March quarter, excluding FX tailwinds 🔹 Gross Margin: 47.5%-48.5% Other Notes: 🔹 iPad faces a difficult compare from the A16-powered iPad launch in the prior year 🔹 March quarter FX was a 2.5-point tailwind to total company growth, with services slightly more favorable Commentary: 🔸 “We’re providing assumes that global tariff rates, policies and their application remain in effect as of this call, and the global macroeconomic outlook does not worsen from today.” Source: WOLF, CNBC
Apple $AAPL is not investing money into AI like the other mega cap companies.
Source: Evan, Leverage shares
Apple thinks differently
Source: A16Z
📢 Apple reported fiscal first-quarter earnings on Thursday that surpassed expectations, with revenue soaring 16% on an annual basis.
📌 The company reported $42.1 billion in net income, or $2.84 per share, versus $36.33 billion, or $2.40 per share, in the year-ago period. 🚀 Apple saw particularly strong results in China, including Taiwan and Hong Kong. Sales in the region surged 38% during the quarter to $25.53 billion. Apple quarterly results by App Economy Insights $AAPL Apple Q1 FY26 (Dec. quarter): 📱 Products +16% Y/Y to $113.7B. 💳 Services +14% Y/Y to $30.0B. • Revenue +16% Y/Y to $143.8B ($5.2B beat). • Operating margin 35% (+1pp Y/Y). • EPS $2.84 ($0.17 beat).
BREAKING: Apple
Over the past week, • Apple’s chip chief considers leaving • Apple’s AI chief leaves • Apple’s Policy chief leaves • Apple’s Head of UI leaves • Now a 53% chance Tim Cook leaves (according to Kalshi) What is going on? Source: Kalshi @Kalshi
Apple $AAPL is set to ship more smartphones than Samsung in 2025
This would be the first time it will have done so in 14 years ... Apple will ship around 243M iPhone units this year vs 235M shipments from Samsung. Bloomberg reported that Counterpoint Research expects Apple to become the No. 1 brand by shipments this year with a 19.4% market share. The report says Samsung’s Galaxy line will grow only 4.6% this year, while iPhone sales are likely to increase by 10% compared to last year.
Apple has bought back $709 billion in stock over the past 10 years, which is greater than the market cap of 487 companies in the S&P 500.
$AAPL Source: Charlie Bilello
APPLE $AAPL JUST REPORTED EARNINGS EPS of $1.85 beating expectations of $1.75
Revenue of $102.5B beating expectations of $101.8B🟢 Stock is up 5% in after hours 🚀 The company's chief financial officer said Apple expects total company revenue to grow 10 to 12% year over year in the three months to December, with iPhone revenue growing double digits $AAPL Apple Q4 FY25 (Sept. quarter): 💳 Services +15% Y/Y to $28.8B. 📱 Products +5% Y/Y to $73.7B. • Revenue +8% Y/Y to $102.5B ($0.2B beat). • Operating margin 32% (+0.5pp Y/Y). • EPS $1.85 ($0.08 beat). Source: App Economy Insights @EconomyApp
