Apple beats on top and bottom line driven by beat in every category except Macs; company does not give Q2 guidance; call begins at 17:00 ET
- Reports Q1 (Dec) earnings of $1.68 per share, excluding non-recurring items, $0.27 better than the S&P Capital IQ Consensus of $1.41; revenues rose 21.4% year/year to $111.4 bln vs the $103.24 bln S&P Capital IQ Consensus.
- Apple reports Q1 iPhone revenue of $65.6 bln vs. $59.9 bln ests
- Apple reports Q1 iPad revenue of $8.4 bln vs. $7.5 bln ests
- Apple reports Q1 Services revenue $15.8 bln vs. $15.0 bln ests
- Apple reports Q1 wearables revenue $13.0 bln vs. $11.6 bln ests
- Apple reports Q1 Macs revenue $8.7 bln vs. $8.8 bln ests
- Apple reports Q1 gross margin of 39.8 % vs. 37.9% ests versus 38.4% last year
- "Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices," said Luca Maestri, Apple's CFO. "These results helped us generate record operating cash flow of $38.8 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.