Quick answer: latest quarter results, by ticker or company name

Reported Q: Q1 2024 Rev YoY: +2.1% EPS YoY: +15.9% Move: +0.80%

Next: Q2 2024

Apple Inc

AAPL

$278.12 0.80%

Exchange: NASDAQ | Sector: Technology | Industry: Consumer Electronics

Q1 2024

Published: Feb 2, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for AAPL

Reported

Report Date

Feb 2, 2024

Quarter Q1 2024

Revenue

119.58B

YoY: +2.1%

EPS

2.18

YoY: +15.9%

Market Move

+0.80%

Previous quarter: N/A

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Earnings Highlights

Revenue of $119.58B up 2.1% year-over-year
EPS of $2.18 increased by 15.9% from previous year
Gross margin of 45.9%
Net income of 33.92B
""We achieved revenue records across more than two dozen countries and regions including all-time records in Europe and rest of Asia-Pacific." - Tim Cook" - Tim Cook

AAPL

Apple Inc

Period Q1 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 8, 2026

Executive Summary

In the first quarter of FY2024, Apple Inc (AAPL) reported revenue of $119.6 billion, demonstrating a modest 2% year-over-year growth despite one less week in the quarter compared to last year. Earnings per share (EPS) reached an all-time record of $2.18, marking a significant year-over-year increase of 16%. This growth continues to be driven primarily by strong performance across the iPhone and Services segments, which achieved best-ever revenue records. The launch of new products, particularly the iPhone 15 and the anticipated Apple Vision Pro, have set the stage for sustained growth. However, challenges in specific markets, such as China, and the recent softening of macroeconomic conditions highlight areas of concern for investors.

Key Performance Indicators

Revenue

Increasing

119.58B

QoQ: 33.61% | YoY: 2.07%

Gross Profit

Increasing

54.86B

45.87% margin

QoQ: 35.69% | YoY: 8.99%

Operating Income

Increasing

40.37B

QoQ: 49.70% | YoY: 12.10%

Net Income

Increasing

33.92B

QoQ: 47.74% | YoY: 13.06%

EPS

Increasing

2.19

QoQ: 48.98% | YoY: 15.87%

Revenue Trend

Margin Analysis

Financial Highlights

### Revenue Performance
- Revenue: $119.6 billion (up 2% YoY)
- Net Income: $33.9 billion (up 13.1% YoY)
- EPS: $2.18 (up 16% YoY)
### Product Segment Performance
- iPhone Revenue: $69.7 billion (up 6% YoY)
- Mac Revenue: $7.8 billion (up 1% YoY)
- iPad Revenue: $7 billion (down 25% YoY)
- Wearables, Home and Accessories Revenue: $12 billion (down 11% YoY)
- Services Revenue: $23.1 billion (up 11% YoY)
### Margins
- Gross Margin: 45.9% (up 70 bps QoQ)
- Operating Margin: 33.7%
### Cash Flow Metrics
- Operating Cash Flow: $39.9 billion
- Free Cash Flow: $37.5 billion
### Balance Sheet Strength
- Cash and Marketable Securities: $173 billion
- Total Debt: $108 billion
- Net Cash Position: $65 billion
### Ratios
- Current Ratio: 1.073
- Quick Ratio: 1.024
- Return on Equity: 45.8%
- Dividend Payout Ratio: 11.3%

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	119.58B	2.07%	33.61%
Gross Profit	54.86B	8.99%	35.69%
Operating Income	40.37B	12.10%	49.70%
Net Income	33.92B	13.06%	47.74%
EPS	2.19	15.87%	48.98%

Key Financial Ratios

Gross Profit Margin

Good

45.90%

Gross profit margin is healthy and competitive within industry standards

Operating Profit Margin

Excellent

33.80%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Excellent

28.40%

Net profit margin is exceptional, indicating strong pricing power and operational efficiency

Return on Assets

Good

9.59%

Return on assets shows solid performance and effective asset utilization

Return on Equity

Strong

45.80%

Return on equity demonstrates excellent capital efficiency and value creation

Current Ratio

Adequate

1.07

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

1.46

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Fair Value

22.01x

P/E ratio in line with market averages

Price to Book

High Premium

40.30x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	124,300.00	2.40	+4.0%	View
Q4 2024	94,930.00	0.97	+6.1%	View
Q3 2024	85,777.00	1.40	+4.9%	View
Q2 2024	90,753.00	1.53	-4.3%	View
Q1 2024	119,575.00	2.18	+2.1%	View

Apple Inc (AAPL) Q1 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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