Apple Forecasts 14%-17% Revenue Growth After Q2 Beat
Apple reported fiscal second-quarter revenue of $111.18 billion and earnings of $2.01 a share, both above estimates, and authorized up to $100 billion in share repurchases while raising its dividend. The company said iPhone revenue was $56.9 billion and services revenue $30.98 billion, and Chief Executive Officer Tim Cook called it Apple’s best March quarter ever, with a March-quarter revenue record for the iPhone driven by demand for the iPhone 17 lineup.
For the fiscal third quarter, Apple forecast revenue growth of 14% to 17%, ahead of the 9.1% estimate. Cook said the March quarter was supply constrained mainly on the iPhone because of limited availability of advanced-node chips and, to a lesser extent, on Macs; Apple expects most June-quarter constraints on several Mac models, including the Mac mini, Mac Studio and Mac Neo, and said memory costs will increasingly affect the business beyond June.
From the sources (22 posts)
@zerohedge*APPLE 2Q EPS $2.01, EST. $1.96 *APPLE 2Q REV. $111.18B, EST. $109.66B *APPLE AUTHORIZES UP TO $100B SHARE BUYBACK, BOOSTS DIVIDEND
@deitaone$AAPL - APPLE CEO TIM COOK SAYS IPHONE FACED SUPPLY CONSTRAINTS OF ADVANCED NODE CHIPS: REUTERS INTERVIEW
@stockmktnewzApple $AAPL just announced an additional $100 Billion added to its share buyback program Apple $AAPL just declared a quarterly dividend of $0.27 per share up from its previous $0.26 dividends
@stocksavvyshay$AAPL Q2 EARNINGS • Revenue $111.2B vs Est. $108.9B • EPS $2.01 vs Est. $1.93 • China Sales $20.5B vs Est. $19.5B • iPhone Sales $57.0B vs Est. $57.2B • Mac Sales $8.4B vs Est. $8.0B
@alphasenseinc$AAPL Earnings: - Revenue: $111.2 billion - EPS: $2.01 - iPhone revenue: $56.9 billion - Services revenue: $30.98 billion “Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growt
@stockmktnewzApple $AAPL CEO Tim Cook just said on a Reuters interview: "iPhone still faces supply constraints from advanced node chips; supply chain is currently offering a little less flexibility to get more components"
@firstsquawkAPPLE LIFTED ITS DIVIDEND TO $0.27 PER SHARE, AUTHORIZED A SHARE BUYBACK OF UP TO $100 BILLION, AND CITED "EXTRAORDINARY DEMAND" FOR THE iPHONE 17 LINEUP — NOTING THAT iPHONE NOTCHED A MARCH-QUARTER REVENUE RECORD.
@businessApple reported revenue for the fiscal second quarter that topped analysts’ estimates, helped by demand for the iPhone and Mac
@ftBreaking news: Apple chief executive Tim Cook said 'extraordinary demand' for the iPhone 17 family powered the company’s strongest ever financial results for this period of the year.
@wallstengineApple $AAPL Q2'26 EARNINGS HIGHLIGHTS 🔹 Revenue: $111.184B (Est. $109.66B) 🟢; +16.6% YoY 🔹 EPS: $2.01 (Est. $1.96) 🟢; +21.8% YoY 🔹 Greater China Revenue: $20.497B (Est. $18.91B) 🟢; +28.1% YoY Segment Revenue: 🔹 iPhone: $56.994B (Est. $56.
@techmemeTim Cook says iPhone sales, which slightly missed Q2 estimates, were held back by chip supply constraints, as "demand was off the charts" (Reuters) (Visit Techmeme dot com for the link and full context!)
@zerohedge*APPLE SEES 3Q REV +14% TO +17%, ESTIMATE +9.1%
@firstsquawkAPPLE CEO: LOOKING AHEAD TO THE JUNE QUARTER, THE BULK OF OUR SUPPLY CONSTRAINTS WILL CENTER ON SEVERAL MAC MODELS.
@stockmktnewzApple $AAPL just said it expects revenue next quarter to grow by between 14-17% YoY above expectations of ~11% YoY growth Apple stock is up by 4% in after hours 🟢🟢🟢🟢
@wallstengine$AAPL REV GROWTH SEEN AT 14%-17% YOY VS. 9.1% EST. ON “BEST VIEW OF CONSTRAINED SUPPLY”
@firstsquawkAPPLE CEO: WE ANTICIPATE A SUBSTANTIAL RISE IN MEMORY COSTS IN THE JUNE QUARTER.
@yahoofinanceAI usage on the Mac mini has created an increased demand for the product. $AAPL CEO Tim Cook says that it might take “several months” to reach supply-demand balance on the mini.
@wallstengine$AAPL: I can tell you that beyond the June quarter, we believe memory costs will drive an increasing impact on our business and we'll continue to evaluate this. And as we've said before, we'll look at a range of options.
@stocksavvyshay$AAPL said “memory costs will drive an increasing impact” on the business beyond the June quarter. Apple is one of $MU largest customers and $SNDK benefits from the broader NAND pricing power Apple just validated.
@businessApple delivered a surprisingly strong revenue forecast for the third quarter, benefiting from new products launched in March, including the MacBook Neo and updated iPad Air. @EdLudlow has more
@alphasenseinc$AAPL CEO Tim Cook said Apple was supply constrained in March, mainly on iPhone and to a lesser extent Mac due to limited availability of advanced node SoCs, and June guidance reflects continued constraints on several Mac models, especially
@polymarketJUST IN: Apple stock soars +4% after reporting $111,000,000,000.00 in first quarter revenue.