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Apple
🇺🇸 NASDAQ:AAPL
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Mar 27, 2021

Apple Q2 2021 Earnings Report

Apple's Q2 2021 results were driven by strong growth across all product categories and geographic segments, leading to a new March quarter revenue record.

Key Takeaways

Apple announced record-breaking Q2 2021 financial results, with revenue up 54% year-over-year to $89.6 billion and earnings per diluted share of $1.40. The company saw strong performance across all geographic segments and product categories, with international sales accounting for 67% of the quarter's revenue.

Revenue reached a new March quarter record of $89.6 billion, a 54% increase year-over-year.

Earnings per diluted share were $1.40 for the quarter.

International sales accounted for 67% of the quarter’s revenue.

The board declared a cash dividend of $0.22 per share, a 7% increase, and authorized an additional $90 billion for the share repurchase program.

Total Revenue
$89.6B
Previous year: $58.3B
+53.7%
EPS
$1.4
Previous year: $0.64
+118.7%
Gross Profit
$38.1B
Previous year: $22.4B
+70.2%
Cash and Equivalents
$38.5B
Previous year: $40.2B
-4.3%
Free Cash Flow
$21.7B
Previous year: $11.5B
+89.5%
Total Assets
$337B
Previous year: $320B
+5.2%

Apple

Apple

Apple Revenue by Segment

Apple Revenue by Geographic Location

Forward Guidance

The press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about the Company’s expectations regarding the impact of the COVID-19 pandemic; anticipated revenue, gross margin, operating expenses, other income/(expense), and tax rate; plans for return of capital; our goal of maintaining a net cash neutral position; and our investment plans and environmental initiatives.

Positive Outlook

  • Company’s expectations regarding the impact of the COVID-19 pandemic
  • Anticipated revenue
  • Gross margin
  • Operating expenses
  • Plans for return of capital

Challenges Ahead

  • Effect of the COVID-19 pandemic on the Company’s business, results of operations, financial condition, and stock price
  • Effect of global and regional economic conditions on the Company’s business
  • Ability of the Company to compete in markets that are highly competitive and subject to rapid technological change
  • Ability of the Company to manage frequent introductions and transitions of products and services
  • Effect that shifts in the mix of products and services and in the geographic, currency, or channel mix, component cost increases

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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