Apple Inc. logo

Apple Inc.

AAPL
Q3 2025

Revenue

$102M

+9%

Net Income

$27M

+17%
AAPL
Technology
Enterprise Software

Apple Inc.

CIK: 0000320193

Apple Inc. logo

Next Earnings Report

Estimated based on historical filing patterns

Fri, May 1, 2026
Estimated
10-Q
FQ2 2026

This date is an estimate based on the company's typical quarterly filing schedule. The actual filing date may vary.

Earnings Analysis

Analyzed 12 of 12 reports

Performance Summary - Q3 2025
bullish
raised

Revenue
$102.466M
QoQ:+9.0%
YoY:+7.9%
Net Income
$27.466M
QoQ:+17.2%
YoY:-100.0%
Peer Comparison
Mag7
(6 peers)
Peers: MSFT, GOOGL, AMZN, META, TSLA, NVDA
Analyze peer companies to see comparative metrics here
Tech
(26 peers)
Peers: MSFT, GOOGL, AMZN, META, TSLA, NVDA, SNOW, PLTR, NET, CRWD, DDOG, ZS, OKTA, MDB, TEAM, U, RBLX, AMD, INTC, QCOM, AVGO, COIN, HOOD, CORZ, DOCN, IONQ
Analyze peer companies to see comparative metrics here

Financial Performance Trend

Sentiment:
neut
neut
neut
neut
bull
neut
bull
neut
neut
bull
bull
bull
Guidance:
maintain
maintain
maintain
maintain
maintain
maintain
maintain
maintain
maintain
maintain
maintain
raised

Overall Analysis & Outlook

Over the past 5 quarters, Apple Inc. has been consistently bullish with stable guidance. Revenue has declined 12.5% during this period. The latest quarter shows bullish sentiment with positive tone from management.

Latest Quarter Highlights:

Apple delivered strong financial performance in fiscal 2025, with 6% revenue growth and a 19% increase in net income. Services and iPhone drove growth, while the company continued investing in emerging technologies like AI.

Detailed Quarterly Reports

In-depth analysis of each quarter's earnings filing

Q3 2025

10-K • Filed 10/31/2025

bullish

Summary

Apple delivered strong financial performance in fiscal 2025, with 6% revenue growth and a 19% increase in net income. Services and iPhone drove growth, while the company continued investing in emerging technologies like AI.

Revenue

$102.466M

Net Income

$27.466M

Guidance

raised

Tone

positive

Capex

$12.71B(+34.6% YoY)

Key Quotes

"The Company must continually introduce new products, services and technologies"

"Global markets for the Company's products are highly competitive and subject to rapid technological change"

Q2 2025

10-Q • Filed 8/1/2025

bullish

Summary

Apple reported strong quarterly performance with 10% year-over-year revenue growth and continued expansion across product lines. Services and iPhone drove growth, while the company maintained solid gross margins and continued share repurchases.

Revenue

$94.036M

Net Income

$23.434M

Guidance

maintained

Tone

neutral

Capex

$9.473M

Key Quotes

"The Company believes its balances of cash, cash equivalents and marketable securities, along with cash generated by ongoing operations and continued access to debt markets, will be sufficient to satisfy its cash requirements and capital return program over the next 12 months and beyond."

"Net sales increased during the third quarter and first nine months of 2025 compared to the same periods in 2024 due primarily to higher net sales of Services and iPhone."

Q1 2025

10-Q • Filed 5/2/2025

bullish

Summary

Apple delivered solid quarterly results with 5% revenue growth and continued strength in Services. The company navigated challenging global trade conditions while maintaining robust financial performance across geographic segments.

Revenue

$95.359M

Net Income

$24.78M

Guidance

maintained

Tone

neutral

Capex

$6.011M

Key Quotes

"The Company has a large, global business with sales outside the U.S. representing a majority of the Company's total net sales"

"The Company believes that it generally benefits from growth in international trade"

Q4 2024

10-Q • Filed 1/31/2025

neutral

Summary

Apple delivered solid Q1 2025 results with 4% revenue growth driven by Services and iPhone, while navigating complex regulatory challenges. The company maintains a cautious outlook amid ongoing antitrust investigations and evolving digital market regulations.

Revenue

$124.3M

Net Income

$36.33M

Guidance

maintained

Tone

cautious

Capex

$2.94M

Partnerships

Google search distribution

Key Quotes

"The Company believes that it complies with the DMA and has continued to make changes to its compliance plan in response to feedback and engagement with the Commission."

"Macroeconomic conditions, including inflation, interest rates and currency fluctuations, have directly and indirectly impacted, and could in the future materially impact, the Company's results of operations and financial condition."

Q3 2024

10-K • Filed 11/1/2024

neutral

Summary

Apple delivered stable financial performance with 2% revenue growth and continued focus on services and innovation. The company faces regulatory challenges but maintains a strong market position through product diversification and technological advancement.

Revenue

$94.93M

Net Income

$93.66B

Guidance

maintained

Tone

neutral

Capex

$9.45B

Key Quotes

"The Company designs and develops nearly the entire solution for its products, including the hardware, operating system, numerous software applications and related services."

"Apple Intelligence™, a personal intelligence system that uses generative models"

Q2 2024

10-Q • Filed 8/2/2024

bullish

Summary

Apple delivered solid Q2 2024 performance with 5% revenue growth and 14% services revenue increase. The company continues to invest in R&D, particularly in AI with the announcement of Apple Intelligence, while navigating regulatory challenges in the EU and US.

Revenue

$85.777M

Net Income

$21.448M

Guidance

maintained

Tone

neutral

Capex

$6.539M

Key Quotes

"Apple Intelligence is deeply integrated into iOS 18, macOS Sequoia and iPadOS 18"

"The Company believes it complies with the DMA and has continued to make changes to its compliance plan"

Q1 2024

10-Q • Filed 5/3/2024

neutral

Summary

Apple delivered a steady quarterly performance with services revenue growth offsetting slight declines in product sales. The company continues to face regulatory challenges in Europe and the US but maintains a strong financial position with robust operating cash flow.

Revenue

$90.753M

Net Income

$23.636M

Guidance

maintained

Tone

neutral

Capex

$4.388M

Key Quotes

"The Company believes its balances of cash, cash equivalents and unrestricted marketable securities, along with cash generated by ongoing operations and continued access to debt markets, will be sufficient to satisfy its cash requirements and capital return program over the next 12 months and beyond."

"The Company believes that it complies with the DMA and will continue to engage with the Commission as it conducts its investigations."

Q4 2023

10-Q • Filed 2/2/2024

bullish

Summary

Apple delivered solid Q1 2024 results with 2% revenue growth driven by iPhone and Services, maintaining strong profitability. The company demonstrated resilience across global markets despite macroeconomic challenges and regulatory pressures.

Revenue

$119.575M

Net Income

$33.916M

Guidance

maintained

Tone

neutral

Capex

$2.392M

Key Quotes

"The Company's total net sales increased 2% or $2.4 billion during the first quarter of 2024"

"Services net sales increased 11% or $2.4 billion during the first quarter of 2024"

Q3 2023

10-K • Filed 11/3/2023

neutral

Summary

Apple reported total net sales of $383.3 billion and net income of $97.0 billion in fiscal year 2023, representing a 3% decrease in net sales compared to 2022. The company saw weakness in foreign currencies and lower sales of Mac and iPhone, partially offset by growth in Services.

Revenue

$89.498M

Net Income

$96.92B

Guidance

maintained

Tone

neutral

Capex

$10.96B

Key Quotes

"The Company has a large, global business with sales outside the U.S. representing a majority of the Company's total net sales"

"The Company depends on component and product manufacturing and logistical services provided by outsourcing partners"

Q2 2023

10-Q • Filed 8/4/2023

neutral

Summary

Apple delivered stable quarterly results with a 1% revenue decline due to foreign currency headwinds. Services revenue grew 8%, offsetting declines in iPhone and Mac sales. The company continues its capital return program with significant stock buybacks.

Revenue

$81.797M

Net Income

$19.881M

Guidance

maintained

Tone

neutral

Capex

$8.796M

Key Quotes

"Weakness in foreign currencies relative to the U.S. dollar had an unfavorable impact on the Company's total net sales"

"The Company repurchased $18.0 billion of its common stock and paid dividends and dividend equivalents of $3.8 billion during the third quarter of 2023"

Q1 2023

10-Q • Filed 5/5/2023

neutral

Summary

Apple delivered a stable Q2 performance with services revenue growth offsetting declines in Mac and some hardware segments. Macroeconomic conditions and currency headwinds continue to impact results, but the company maintains a strong financial position.

Revenue

$94.836M

Net Income

$24.16M

Guidance

maintained

Tone

cautious

Capex

$6.703M

Key Quotes

"Macroeconomic conditions, including inflation, changes in interest rates, and currency fluctuations, have directly and indirectly impacted, and could in the future materially impact, the Company's results of operations and financial condition."

"The Company believes its balances of cash, cash equivalents and unrestricted marketable securities, along with cash generated by ongoing operations and continued access to debt markets, will be sufficient to satisfy its cash requirements and capital return program over the next 12 months and beyond."

Q4 2022

10-Q • Filed 2/3/2023

neutral

Summary

Apple reported a 5% year-over-year revenue decline in Q1 2023, primarily driven by foreign currency weakness and lower iPhone sales. Despite macroeconomic challenges, the company maintained strong profitability and continued its share repurchase program.

Revenue

$117.154M

Net Income

$29.998M

Guidance

maintained

Tone

cautious

Capex

$3.787M

Key Quotes

"The weakness in foreign currencies contributed to lower net sales of iPhone and Mac"

"COVID-related impacts temporarily affected the Company's primary iPhone 14 Pro and iPhone 14 Pro Max assembly facility"

Sector Comparison

How AAPL performs vs Technology sector and Enterprise Software peers

Sector Ranking (Technology)

#11of 14

Category Ranking (Enterprise Software)

#1of 1

Key Metrics vs Averages

Revenue (Quarterly)
At average

AAPL

$102.466M

Enterprise Software Avg

$102.466M

Technology Avg

$13,544.666M

Capex Growth (YoY)
At average

AAPL

34.6%

Enterprise Software Avg

34.6%

Technology Avg

26.0%

Overall Sentiment
bullish

Guidance: raised • Tone: positive