AAPL
$112.18
Apple
($1.77)
(1.55%)

Earnings History

Earnings
Revenue
Reaction
Drift
EPS & Revenue Above Estimates
Q 12/2011
10/18/2011
4:30:07 PM
$9.30
$8.98
$36.13 bill
-5.6%
-0.2%
Guidance:
Consensus:
Apple Guides Above Estimates

Apple, Inc. said it expects first quarter earnings of approximately $9.30 per share on revenue of approximately $37.0 billion. The current consensus earnings estimate is $8.98 per share on revenue of $36.13 billion for the quarter ending December 31, 2011.
EPS & Revenue Above Estimates
Q 03/2012
1/24/2012
4:30:01 PM
$8.50
$8.01
$31.97 bill
6.2%
0.4%
Guidance:
Consensus:
Apple Guides Higher

Apple, Inc. said it expects second quarter earnings of approximately $8.50 per share on revenue of approximately $32.5 billion. The current consensus earnings estimate is $8.01 per share on revenue of $31.97 billion for the quarter ending March 31, 2012.
EPS & Revenue Below Estimates
Q 06/2012
4/24/2012
4:30:01 PM
$8.68
$9.95
$37.36 bill
8.9%
-4.8%
Guidance:
Consensus:
Apple Provides Third Quarter Guidance Below Estimates

Apple, Inc. said it expects third quarter earnings of approximately $8.68 per share on revenue of approximately $34.0 billion. The current consensus earnings estimate is $9.95 per share on revenue of $37.36 billion for the quarter ending June 30, 2012.
EPS & Revenue Below Estimates
Q 09/2012
7/24/2012
4:30:03 PM
$7.65
$10.22
$38.24 bill
-4.3%
5.6%
Guidance:
Consensus:
Apple Guides Below Estimates

Apple, Inc. said it expects fourth quarter earnings of approximately $7.65 per share on revenue of approximately $34.0 billion. The current consensus earnings estimate is $10.22 per share on revenue of $38.24 billion for the quarter ending September 30, 2012.
EPS & Revenue Below Estimates
Q 12/2012
10/25/2012
4:30:01 PM
$11.75
$15.67
$54.70 bill
-0.9%
-5.4%
Guidance:
Consensus:
Apple Guides Below Estimates

Apple, Inc. said it expects first quarter earnings of approximately $11.75 per share on revenue of approximately $52.0 billion. The current consensus earnings estimate is $15.67 per share on revenue of $54.70 billion for the quarter ending December 31, 2012.
Revenue Below Estimates
Q 03/2013
1/23/2013
4:30:03 PM
-12.4%
-1.0%
Guidance:
Consensus:
Apple Sees Revenue Below estimates

Apple, Inc. said it expects second quarter revenue of $41.00 billion to $43.00 billion. The current consensus estimate is revenue of $47.13 billion for the quarter ending March 31, 2013.
EPS & Revenue Below Estimates
Q 06/2013
4/23/2013
4:30:01 PM
$6.57 to $7.49
$9.03
$39.3 bill
-0.2%
11.6%
Guidance:
Consensus:
Apple Guides Below Estimates

Apple, Inc. said it expects third quarter revenue of $33.5 billion to $35.5 billion. The company also provided guidance for gross margins of 36.0% to 37.0%, operating expenses of $3.85 billion to $3.95 billion, other income of $300.0 million, and a tax rate of 26%. This brings third quarter earnings guidance to roughly $6.57 to $7.49 per share. The current consensus earnings estimate is $9.03 per share on revenue of $39.3 billion for the quarter ending June 30, 2013.
EPS & Revenue Below Estimates
Q 09/2013
7/23/2013
4:30:01 PM
$6.64 to $7.81
$7.99
$37.1 bill
5.1%
3.1%
Guidance:
Consensus:
Apple Guides Below Estimates

Apple, Inc. said it expects fourth quarter earnings of $6.64 to $7.81 per share on revenue of $34.0 billion to $37.0 billion. The current consensus earnings estimate is $7.99 per share on revenue of $37.1 billion for the quarter ending September 30, 2013.
In-line Guidance
Q 12/2013
10/28/2013
4:30:01 PM
$12.75 to $14.19
$14.08
$55.18 bill
-2.5%
-2.0%
Guidance:
Consensus:
Apple Provides In-line Guidance

Apple, Inc. said it expects first quarter earnings of $12.75 to $14.19 per share on revenue of $55.0 billion to $58.0 billion. The current consensus earnings estimate is $14.08 per share on revenue of $55.18 billion for the quarter ending December 31, 2013.
EPS & Revenue Below Estimates
Q 03/2014
1/27/2014
4:30:10 PM
$9.28 to $10.33
$10.93
$46.05 bill
-8.0%
0.0%
Guidance:
Consensus:
Apple Sees Second Quarter Below Estimates

Apple, Inc. said it expects second quarter earnings of $9.28 to $10.33 per share on revenue of $42.0 billion to $44.0 billion. The current consensus earnings estimate is $10.93 per share on revenue of $46.05 billion for the quarter ending March 31, 2014.
In-line Guidance
Q 06/2014
4/23/2014
4:30:30 PM
$7.58 to $8.60
$8.46
$38.60 bill
8.2%
4.1%
Guidance:
Consensus:
Apple Provides In-line Earnings Guidance

Apple, Inc. said it expects third quarter revenue of $36.0 billion to $38.0 billion with gross margins of 37% to 38%, which calculates for earnings guidance of $7.58 to $8.60 per share. The current consensus earnings estimate is $8.46 per share on revenue of $38.60 billion for the quarter ending June 30, 2014.
EPS & Revenue Below Estimates
Q 09/2014
7/22/2014
4:30:14 PM
$1.11 to $1.31
$1.33
$40.53 bill
2.6%
2.9%
Guidance:
Consensus:
Apple Provides Earnings and Revenue Guidance Below Estimates

Apple, Inc. said it expects fourth quarter revenue of $37.0 billion to $40.0 billion with gross margins of 37% to 38%, which calculates to earnings of $1.11 to $1.31 per share. The current consensus earnings estimate is $1.33 per share on revenue of $40.53 billion for the quarter ending September 30, 2014.
EPS In-line/Revenue Above
Q 12/2014
10/20/2014
4:30:12 PM
$2.29 to $2.53
$2.40
$63.47 bill
2.7%
3.6%
Guidance:
Consensus:
Apple Guides Earnings In-line; Revenue Above Estimates

Apple, Inc. said it expects first quarter revenue of $63.50 billion to $66.50 billion, and expects gross margins of 37.5% to 38.5%, which calculates to earnings of $2.29 to $2.53 per share. The current consensus earnings estimate is $2.40 per share on revenue of $63.47 billion for the quarter ending December 31, 2014.
In-line Guidance
Q 03/2015
1/27/2015
4:30:49 PM
$1.86 to $2.09
$2.00
$53.8 bill
5.7%
1.6%
Guidance:
Consensus:
Apple Guides Earnings and Revenue In-line with Estimates

Apple, Inc. said it expects second quarter gross margins of 38.5% to 39.5% on revenue of $52.0 billion to $55.0 billion, which suggests earnings of $1.86 to $2.09 per share. The current consensus earnings estimate is $2.00 per share on revenue of $53.8 billion for the quarter ending March 31, 2015.
In-line Guidance
Q 06/2015
4/27/2015
4:30:01 PM
$1.56 to $1.73
$1.70
$46.54 bill
-1.6%
-6.4%
Guidance:
Consensus:
Apple Guides In-line

Apple, Inc. said it expects third quarter revenue of $46.0 billion to $48.0 billion with gross margins in the range of 38.5$ to 39.5%, which brings earnings to a range of $1.56 to $1.73 per share using current diluted shares. The current consensus earnings estimate is $1.70 per share on revenue of $46.54 billion for the quarter ending June 30, 2015.
EPS In-line/Revenue Below
Q 09/2015
7/21/2015
4:30:00 PM
$1.70 to $1.88
$1.84
$51.06 bill
-4.2%
0.8%
Guidance:
Consensus:
Apple Guides Earnings In-line with Estimates; Revenue Below

Apple, Inc. said it expects fourth quarter revenue of $49.0 billion to $51.0 billion with gross margins of 38.5% to 39.5%, which implies earnings of $1.70 to $1.88 per share on. The current consensus earnings estimate is $1.84 per share on revenue of $51.06 billion for the quarter ending September 30, 2015.
In-line Guidance
Q 12/2015
10/27/2015
4:30:09 PM
$3.04 to $3.26
$3.18
$77.05 bill
4.1%
4.3%
Guidance:
Consensus:
Apple Guides In-line

Apple, Inc. said it expects first quarter revenue of $75.5 billion to $77.5 billion with gross margins of 39.0% to 40.0%, which implies earnings of $3.04 to $3.26 per share. The current consensus earnings estimate is $3.18 per share on revenue of $77.05 billion for the quarter ending December 31, 2015.
EPS & Revenue Below Estimates
Q 03/2016
1/26/2016
4:30:09 PM
$1.83 to $2.03
$2.20
$55.71 bill
-6.6%
0.3%
Guidance:
Consensus:
Apple Guides Below Estimates

Apple, Inc. said it expects second quarter revenue of $50.0 billion to $53.0 billion with gross margins of 39.0% to 39.5%, which calculates to earnings of $1.83 to $2.03 per share. The current consensus earnings estimate is $2.20 per share on revenue of $55.71 billion for the quarter ending March 31, 2016.
EPS & Revenue Below Estimates
Q 06/2016
4/26/2016
4:30:09 PM
$1.29 to $1.43
$1.68
$47.32 bill
-6.3%
-1.9%
Guidance:
Consensus:
Apple Guides Below Estimates

Apple, Inc. said it expects third quarter revenue of $41.0 billion to $43.0 billion and gross margins of 37.5% to 38.0%, which calculates to earnings of approximately $1.29 to $1.43 per share. The current consensus earnings estimate is $1.68 per share on revenue of $47.32 billion for the quarter ending June 30, 2016.
In-line Guidance
Q 09/2016
7/26/2016
4:30:00 PM
$1.53 to $1.68
$1.61
$46.07 bill
6.5%
1.5%
Guidance:
Consensus:
Apple Guides In-line

Apple, Inc. said it expects fourth quarter revenue of $45.5 billion to $47.5 billion and gross margins of 37.5% to 38.0%, which brings earnings to a range of $1.53 to $1.68 per share. The current consensus earnings estimate is $1.61 per share on revenue of $46.07 billion for the quarter ending September 30, 2016.
Date
Grade
Actual
Earnings
Whisper
Consensus
Estimate
Surprise
Growth
Gap
Drift
10/18/2011
4:30:07 PM
Sep '11
Q4 '11
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G A-
EPS
Rev
$1.01
$28.3 Bil
$1.20
$1.04
$29.2 Bil
-15.8%
-3.1%
53.7%
39.0%
-4.9%
-0.2%
1/24/2012
4:30:01 PM
Dec '11
Q1 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G A+
EPS
Rev
$1.98
$46.3 Bil
$1.74
$1.44
$38.7 Bil
13.8%
19.7%
117.6%
73.3%
8.1%
0.4%
4/24/2012
4:30:01 PM
Mar '12
Q2 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B+
EPS
Rev
$1.76
$39.2 Bil
$1.73
$1.43
$36.6 Bil
1.7%
6.9%
94.1%
58.9%
9.9%
-4.8%
7/24/2012
4:30:03 PM
Jun '12
Q3 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$1.33
$35.0 Bil
$1.70
$1.48
$37.3 Bil
-21.8%
-6.2%
20.7%
22.6%
-4.4%
5.6%
10/25/2012
4:30:01 PM
Sep '12
Q4 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$1.24
$36.0 Bil
$1.40
$1.26
$36.4 Bil
-11.4%
-1.1%
24.2%
27.2%
0.0%
-4.4%
1/23/2013
4:30:03 PM
Dec '12
Q1 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G A-
EPS
Rev
$1.97
$54.5 Bil
$2.00
$1.92
$54.5 Bil
-1.5%
0.0%
0.1%
17.7%
-10.5%
-1.0%
4/23/2013
4:30:01 PM
Mar '13
Q2 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B+
EPS
Rev
$1.44
$43.6 Bil
$1.51
$1.45
$42.8 Bil
-4.6%
1.9%
-17.9%
11.3%
-3.1%
11.6%
7/23/2013
4:30:01 PM
Jun '13
Q3 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G A+
EPS
Rev
$1.07
$35.3 Bil
$1.06
$1.04
$35.2 Bil
0.9%
0.3%
-21.8%
0.9%
4.8%
3.1%
10/28/2013
4:30:01 PM
Sep '13
Q4 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G A-
EPS
Rev
$1.18
$37.5 Bil
$1.15
$1.13
$36.7 Bil
2.6%
2.1%
-8.6%
4.2%
1.2%
-2.0%
1/27/2014
4:30:10 PM
Dec '13
Q1 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B
EPS
Rev
$2.07
$57.6 Bil
$2.06
$2.01
$57.3 Bil
0.5%
0.5%
0.0%
5.7%
-7.6%
0.0%
4/23/2014
4:30:30 PM
Mar '14
Q2 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G A-
EPS
Rev
$1.66
$45.6 Bil
$1.51
$1.46
$43.6 Bil
9.9%
4.7%
7.1%
4.7%
8.3%
4.1%
7/22/2014
4:30:14 PM
Jun '14
Q3 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B-
EPS
Rev
$1.28
$37.4 Bil
$1.32
$1.22
$37.8 Bil
-3.0%
-1.1%
12.3%
6.0%
0.7%
2.9%
10/20/2014
4:30:12 PM
Sep '14
Q4 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G A
EPS
Rev
$1.42
$42.1 Bil
$1.40
$1.30
$39.8 Bil
1.4%
5.7%
12.7%
12.4%
3.3%
3.6%
1/27/2015
4:30:49 PM
Dec '14
Q1 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B+
EPS
Rev
$3.06
$74.6 Bil
$2.74
$2.60
$67.7 Bil
11.7%
10.2%
37.9%
29.5%
7.8%
1.6%
4/27/2015
4:30:01 PM
Mar '15
Q2 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B-
EPS
Rev
$2.33
$58.0 Bil
$2.31
$2.19
$55.2 Bil
0.9%
5.1%
32.7%
27.1%
1.4%
-6.4%
7/21/2015
4:30:00 PM
Jun '15
Q3 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$1.85
$49.6 Bil
$1.95
$1.80
$49.3 Bil
-5.1%
0.7%
37.8%
32.5%
-6.7%
0.8%
10/27/2015
4:30:09 PM
Sep '15
Q4 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$1.96
$51.5 Bil
$1.99
$1.88
$51.1 Bil
-1.5%
0.8%
31.4%
22.3%
2.1%
4.3%
1/26/2016
4:30:09 PM
Dec '15
Q1 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$3.28
$75.9 Bil
$3.40
$3.24
$76.6 Bil
-3.5%
-1.0%
1.9%
1.7%
-4.0%
0.3%
4/26/2016
4:30:09 PM
Mar '16
Q2 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C
EPS
Rev
$1.90
$50.6 Bil
$2.04
$1.97
$52.0 Bil
-6.9%
-2.7%
-22.5%
-12.8%
-8.0%
-1.9%
7/26/2016
4:30:00 PM
Jun '16
Q3 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B
EPS
Rev
$1.42
$42.4 Bil
$1.43
$1.39
$42.0 Bil
-0.7%
0.8%
-27.0%
-14.6%
7.9%
1.5%
EPS
Rev
-
-
-
$1.64
$46.7 Bil
-
-
-16.3%
-9.4%
EPS
Rev
-
-
-
$3.07
$71.4 Bil
-
-
-6.4%
-5.9%
10/18/2010
$45.43
$2.16
$65.23 Bil
-
-
-
10/18/2011
$60.32
$3.95
$108.25 Bil
82.9%
66.0%
32.8%
10/25/2012
$87.08
$6.31
$156.51 Bil
59.7%
44.6%
44.4%
10/28/2013
$75.70
$5.68
$170.91 Bil
-10.0%
9.2%
-13.1%
10/20/2014
$99.76
$6.45
$182.80 Bil
13.6%
7.0%
31.8%
10/27/2015
$114.55
$9.22
$233.72 Bil
42.9%
27.9%
14.8%
10/27/2016
$112.18
$8.28
$216.08 Bil
-10.2%
-7.5%
-2.1%
10/27/2017
$116.47
$8.96
$224.52 Bil
8.2%
3.9%
3.8%
10/27/2018
-
$9.97
-
11.3%
-
-

Price Projection

Current Value
$105
-7%
Projected Price
$116
4%