•
Mar 30, 2024

Apple Q2 2024 Earnings Report

Apple's Q2 2024 financial results were announced, revealing a decrease in revenue but an all-time revenue record in Services and a new EPS record for the March quarter.

Key Takeaways

Apple reported a quarterly revenue of $90.8 billion, a 4 percent decrease year-over-year, with earnings per diluted share of $1.53. The company saw an all-time revenue record in Services and announced an additional $110 billion for share repurchases along with a dividend increase.

Apple posted quarterly revenue of $90.8 billion, down 4% year over year.

Quarterly earnings per diluted share reached $1.53.

Services revenue achieved an all-time revenue record.

An additional $110 billion was authorized for share repurchases, and the quarterly dividend was raised by 4 percent.

Total Revenue
$90.8B
Previous year: $94.8B
-4.2%
EPS
$1.53
Previous year: $1.52
+0.7%
Gross Profit
$42.3B
Previous year: $42B
+0.7%
Cash and Equivalents
$67.2B
Previous year: $24.7B
+172.0%
Free Cash Flow
$20.7B
Previous year: $25.6B
-19.3%
Total Assets
$337B
Previous year: $332B
+1.6%

Apple

Apple

Apple Revenue by Segment

Apple Revenue by Geographic Location

Forward Guidance

The press release contains forward-looking statements regarding the Company’s plans for return of capital, the payment of its quarterly dividend, and future business plans.

Revenue & Expenses

Visualization of income flow from segment revenue to net income