Apple reports Q2 revenue of $97.3B, up 9% YoY, $25B net income, up from $23.6B YoY, authorizes an additional $90B in share repurchases, and hikes dividend by 5%
Apple shareholders receive a 5% higher dividend, while the additional $90B authorization gives Apple capacity to repurchase more of its own shares.
Apple’s higher revenue and net income provide the operating backdrop for returning cash through both dividends and repurchases.
Second-order effects
The combined payout measures make Apple’s capital-return program a more prominent part of the shareholder case, tying future quarterly results to expectations for continued cash deployment.
Apple’s repeated use of large authorizations establishes a comparison point for later Q2 reports, including periods when revenue growth slows or reverses.
Third-order effects
Apple’s Q2 record suggests a durable model in which large-scale capital returns persist across changing revenue conditions, making cash allocation as consequential to the company’s equity narrative as quarterly growth.
If that pattern holds, Apple’s investor proposition becomes increasingly defined by the combination of operating scale and recurring shareholder distributions rather than a single quarter’s sales trajectory.
The trend: Apple is institutionalizing large repurchases and dividend growth as a recurring complement to its Q2 earnings cycle.
Super impressed by the execution of @Tim_Cook and the @Apple team in the recent quarter, one of its best in 46 yrs - especially in the midst of the supply chain challenges, Russia-Ukraine war, inflationary pressures and the China lockdown. #RESPECT https://www.wsj.com/...
Very good Mac quarter. Second highest total Mac sales of all time (down from last sequential quarter) and an impressive 15% increase on year-over-year sales. https://twitter.com/...
For years, Apple reported ~$20 billion of Mac revenue annually. Apple just reported $10 billion of Mac between January and March and that included supply issues.
Modest overall growth quarter for $AAPL. I suspect we'll hear something on the analyst call about how they weren't able to fulfill demand? Given the supply chain crises out there, this is an especially impressive number. https://twitter.com/...
EARNINGS: Apple Q2 EPS $1.52 vs. $1.43 Est.; Q2 Revs. $97.28B vs. $93.89B Est. • $AAPL authorizes new $90 billion share buyback, hikes dividend 5%. @stevekovach has the details. https://www.cnbc.com/... https://twitter.com/...
Apple hitting roughly inline with my expectations, with iPad a bit light due to supply chain disruptions still. Dividend increased + another big share buyback extension (again as expected) The train rolls on as scheduled. $AAPL
Just reported on air following my call today with Tim Cook and Luca Maestri: Cook tells me China shut downs did not impact Q2 as they started just as Apple was closing out fiscal Q2.
The holiday quarter is always Apple's biggest quarter but this March quarter was only the third highest quarterly revenue in its history, surpassed only by the last two holiday quarters. This March Q was bigger than Christmas Q 2019, but quite a large margin.
When it comes to dealing with inflation, CEO Tim Cook noted that while some component costs have increased, others are declining. “I think we are doing a reasonable job currently navigating what is a challenging environment,” Cook said. https://www.axios.com/...
Cook notes Apple's hired “more women than ever” into leadership roles, and “in the US, nearly 60% of all leadership openings were filled by people from underrepresented communities.”
Apple crushed it! I'm still scratching my head how people didn't think they would have a good CY1Q22. The challenges for Apple and other big techs is the June quarter (and possibly 2H22). Lets see who gives Q2/2022 guidance https://www.cnbc.com/...
Apple reported a 43.7% gross margin. Bit weaker than my expectation (FX impact probably) but still a very strong # for Apple. - 36.4% gross margin for Products (HW). Up a tad year-over-year. - 72.6% gross margin for Services. That's an all-time quarterly record for Services.
Apple's @tim_cook starts by talking about helping in Ukraine and donating products to support refugees arriving in the US. He also says the pandemic is unpredictable. “These times remind us that we cannot know what the future may hold.”
$AAPL Q2 2022: - Revenue up 9% to $97.3 billion - Net income up 6% to $25.0 billion - iPhone up 5% - Mac up 15% - iPad down 2% - Wearables/Home/Accessories sales up 12% - Services up 17%
Huge Beat for #Apple in a RECORD March quarter 😳 Raising #dividends by 5% & authorizing a new $90 billion #stock #buyback plan Just spoke to $aapl CEO Tim Cook on the results despite #Omicron & #China #covid closures 👇 #Services incl #AppleMusic #AppleTVPlus hit a record 📱 https:…
Apple posted one of its best quarters in its history on Thursday. Revenue rose 9% to $97.3 billion, far exceeding analyst expectations for $94 billion. EPS rose to $1.52 from $1.40 a year earlier, a record for Apple's fiscal second quarter $AAPL https://www.wsj.com/...