AAPL Q2 2023 earnings can be introduced at 2 p.m. PDT/5 p.m. EDT in the present day, and whereas the corporate hasn’t provided particular steering, it has warned that it expects a year-on-year decline of round 5%.
Wall Road agrees, with analysts anticipating a drop from final yr’s report $97.3B – however Apple is predicted to exhibit its personal continued confidence within the inventory by means of a big buyback announcement …
Q2 2022 earnings
The seasonal nature of Apple’s gross sales makes year-on-year comparisons the one related metric. Final yr’s outcomes set a brand new income report, at $97.3B. This was 9% up year-on-year, and comfortably above analyst expectations.
iPad income was barely down, whereas all the things else was up:
- iPhone: $50.57 billion (Up 5.5% YOY)
- Mac: $10.43 billion (Up 14.3% YOY)
- iPad: $7.65 billion (Down 2.2% YOY)
- Wearables: $8.82 billion (Up 12.2% YOY)
- Companies: $19.82 billion (Up 17.2% YOY)
AAPL Q2 2023 earnings warning
Apple’s fiscal Q1 earnings have been down 8% year-on-year, and chief monetary officer Luca Maestri warned that the corporate anticipated one other decline this quarter.
International alternate will proceed to be a headwind, and we anticipate a unfavorable year-over-year impression of 5 proportion factors.
For companies, we anticipate income to develop yr over yr whereas persevering with to face macroeconomic headwinds in areas equivalent to digital promoting and cellular gaming. For iPhone, we anticipate our March quarter year-over-year income efficiency to speed up relative to the December quarter year-over-year income efficiency.
For Mac and iPad, we anticipate income for each product classes to say no double digits yr over yr due to difficult compares and macroeconomic headwinds
Analyst expectations
Analyst expectations are roughly according to Apple’s personal warning, with the consensus income estimate coming in at $92.96B.
They forecast earnings per share to be $1.43, in opposition to final yr’s $1.52.
Trying additional forward, Wall Road is extra optimistic, anticipating a small return to development in Q3.
Inventory buybacks and dividends
CNBC expects Apple to reward traders for his or her persistence, with an elevated dividend.
The Cupertino firm can be anticipated to exhibit continued confidence in its personal inventory by means of round $90B of inventory buybacks – across the identical quantity it spent final yr, when the outcomes have been far rosier. Inventory buybacks are the place Apple makes use of its money reserves to buy its personal shares. These shares are then cancelled, growing the efficient worth of the remaining shares.
As all the time, we’ll let all of the figures as quickly as they’re introduced.
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