NASDAQ$AAPL

Apple · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

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

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.

Headline financials

Total Revenue

$83B

Previous: $81.4B+1.9%
EPS (adj)

$1.20

Previous: $1.30-7.7%
Capital Expenditures

-$7.42B

Previous: -$7.86B+5.6%
Free Cash Flow

$12B

Previous: $13.9B-13.4%
Net Income

$19.4B

Previous: $21.7B-10.6%
Operating Income

$23.1B

Previous: $24.1B-4.4%
Gross Profit

$35.9B

Previous: $35.3B+1.8%
Cash & Equivalents

$27.5B

Previous: $34.1B-19.2%
Total Assets

$336B

Previous: $330B+2.0%
Stock-Based Comp

$2.24B

Previous: $1.96B+14.4%

Revenue & EPS history

Apple · Revenue · Quarterly

$83B

Q3 2022+1.9%vs Q3 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Apple · $111B total across 5 segments · Q2 2026

  • Americas
    $45.1B
  • Europe
    $28.1B
  • Greater China
    $20.5B
  • Rest of Asia Pacific
    $9.14B
  • Japan
    $8.4B

Forward guidance

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

Tailwinds

  • 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

Headwinds

  • 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

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+1.2%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+3.7%

Avg return

30 days after

63%

46 / 73 earnings

Positive

+11.8%

Q3 2020

Best reaction

-10.8%

Q1 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+5.4%+6.0%+15.0%
Q1 2026-0.5%+7.1%+2.3%
Q4 2025-4.9%-0.5%+2.7%
Q3 2025-3.8%+2.7%+11.8%
Q2 2025-3.8%-8.0%-5.8%
Q1 2025-0.7%-2.2%+1.8%
Q4 2024-3.1%-2.9%+3.1%
Q3 2024-1.0%-6.7%+3.1%
Q2 2024+8.3%+7.7%+13.6%
Q1 2024+0.8%+2.7%-2.6%
Q4 2023+1.5%+4.5%+9.9%
Q3 2023-5.5%-6.6%-1.6%
Q2 2023+3.7%+2.6%+8.1%
Q1 2023+6.2%+6.3%+3.9%
Q4 2022+4.3%+0.9%-0.8%
Q3 2022+3.6%+2.1%+4.4%
Q2 2022+0.7%+1.9%-4.4%
Q1 2022+6.7%+9.3%+3.2%
Q4 2021+0.6%+0.8%+5.3%
Q3 2021-2.7%-2.1%-1.0%
Q2 2021-0.7%-1.4%-7.3%
Q1 2021-4.2%-6.3%-15.3%
Q4 2020-2.1%-0.7%+4.8%
Q3 2020+11.8%+15.4%+31.3%
Q2 2020+0.5%+3.4%+10.5%
Q1 2020+5.0%+0.2%-11.5%
Q4 2019+2.3%+5.8%+9.8%
Q3 2019+1.6%-2.7%-0.3%
Q2 2019+2.9%+3.5%-12.9%
Q1 2019+5.7%+6.5%+10.8%
Q4 2018-5.2%-6.9%-18.4%
Q3 2018+6.1%+9.5%+18.5%
Q2 2018+6.8%+11.2%+13.1%
Q1 2018-4.1%-2.6%+5.2%
Q4 2017+3.4%+4.7%+2.5%
Q3 2017+5.6%+5.2%+10.3%
Q2 2017+0.3%+1.6%+4.5%
Q1 2017+5.9%+6.1%+14.2%
Q4 2016-1.7%-3.3%-5.5%
Q3 2016+5.8%+7.1%+10.5%
Q2 2016-6.9%
Q1 2016-6.0%
Q4 2015+3.5%
Q3 2015-5.2%
Q2 2015+0.2%
Q1 2015+1.9%
Q4 2014+4.9%
Q3 2014+3.5%
Q2 2014+6.8%
Q1 2014-7.2%
Q4 2013-1.8%
Q3 2013+3.3%
Q2 2013+1.7%
Q1 2013-10.8%
Q4 2012-2.1%
Q3 2012-4.8%
Q2 2012+6.7%
Q1 2012+4.5%
Q4 2011+1.7%
Q3 2011+2.7%
Q2 2011+3.1%
Q1 2011-2.4%
Q4 2010-0.9%
Q3 2010+2.8%
Q2 2010+8.9%
Q1 2009+4.1%
Q1 2010+4.1%
Q4 2007-5.0%
Q4 2009-5.0%
Q3 2009+4.3%
Q3 2008+4.3%
Q4 2008+4.3%
Q2 2009+4.3%

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