Apple Inc.
Revenue
$102M
Net Income
$27M
Apple Inc.
Revenue
$102M
Net Income
$27M
Apple Inc.
CIK: 0000320193
Earnings Analysis
Analyzed 12 of 12 reports
Performance Summary - Q3 2025bullishraised
Financial Performance Trend
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
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
Tone
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
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
Tone
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
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
Tone
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
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
Tone
Capex
$2.94M
Partnerships
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
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
Tone
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
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
Tone
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
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
Tone
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
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
Tone
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
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
Tone
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
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
Tone
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
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
Tone
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
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
Tone
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)
Category Ranking (Enterprise Software)
Key Metrics vs Averages
AAPL
$102.466M
Enterprise Software Avg
$102.466M
Technology Avg
$13,544.666M
AAPL
34.6%
Enterprise Software Avg
34.6%
Technology Avg
26.0%
Guidance: raised • Tone: positive