Apple beats by $0.04, reports revs in-line; iPhones top estimates; co will provide guidance on conference call at 17:00 ET (225.91 -4.19)
- Reports Q4 (Sep) earnings of $1.64 per share, excluding non-recurring items, $0.04 better than the FactSet Consensus of $1.60; revenues rose 6.1% year/year to $94.93 bln vs the $94.52 bln FactSet Consensus. Q4 gross margins of 46.2%. EPS excludes one-time charge recognized during the fourth quarter of 2024 related to the impact of the reversal of the European General Court's State Aid decision.
- Apple reports Q4 iPhone revenue of $46.2 bln vs. $44.8 bln Street ests vs. $43.8 bln last year.
- Apple reports Q4 Services revenue of $25.0 bln vs. $25.3 bln Street ests vs. $22.3 bln last year.
- Apple reports Q4 wearables revenue of $9.0 bln vs. $9.4 bln Street ests vs. $9.3 bln last year.
- "Today Apple is reporting a new September quarter revenue record of $94.9 billion, up 6 percent from a year ago," said Tim Cook, Apple's CEO. "During the quarter, we were excited to announce our best products yet, with the all-new iPhone 16 lineup, Apple Watch Series 10, AirPods 4, and remarkable features for hearing health and sleep apnea detection. And this week, we released our first set of features for Apple Intelligence, which sets a new standard for privacy in AI and supercharges our lineup heading into the holiday season."
- "Our record business performance during the September quarter drove nearly $27 billion in operating cash flow, allowing us to return over $29 billion to our shareholders," said Luca Maestri, Apple's CFO. "We are very pleased that our active installed base of devices reached a new all-time high across all products and all geographic segments, thanks to our high levels of customer satisfaction and loyalty."
- CEO Tim Cook told CNBC that users are adopting iOS 18.1 at twice the rate of iOS 17.1.