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Jun 25, 2022

Apple Q3 2022 Earnings Report

Apple's Q3 2022 results showed record revenue driven by iPhone and Services.

Key Takeaways

Apple reported a June quarter revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of $1.20.

Revenue reached a June quarter record of $83.0 billion.

Earnings per diluted share were $1.20.

Operating cash flow generated was nearly $23 billion.

Over $28 billion was returned to shareholders.

Total Revenue
$83B
Previous year: $81.4B
+1.9%
EPS
$1.2
Previous year: $1.3
-7.7%
Gross Profit
$35.9B
Previous year: $35.3B
+1.8%
Cash and Equivalents
$27.5B
Previous year: $34.1B
-19.2%
Free Cash Flow
$20.8B
Previous year: $19B
+9.4%
Total Assets
$336B
Previous year: $330B
+2.0%

Apple

Apple

Apple Revenue by Segment

Apple Revenue by Geographic Location

Forward Guidance

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.

Positive Outlook

  • Payment of the Company’s quarterly dividend
  • Plans for new features
  • Plans for new products
  • Leading with our values
  • expressing them in everything we build

Challenges Ahead

  • effects of global and regional economic conditions, including as a result of government policies, war, terrorism, natural disasters, and public health issues
  • risks relating to the design, manufacture, introduction, and transition of products and services in highly competitive and rapidly changing markets, including from reliance on third parties for components, technology, manufacturing, applications, and content
  • risks relating to information technology system failures, network disruptions, and failure to protect, loss of, or unauthorized access to, or release of, data
  • effects of unfavorable legal proceedings, government investigations, and complex and changing laws and regulations
  • actual results may differ materially from any future results expressed or implied by the forward-looking statements

Revenue & Expenses

Visualization of income flow from segment revenue to net income