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AAPL
FY2026 Q2
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Отчётный звонок Apple Inc.
Вывод Buzzberg
iPhone revenue $57B, March quarter record
Apple reported a strong March quarter with 17% revenue growth and 22% EPS growth, driven by iPhone 17 family demand. Management guided June quarter revenue growth of 14-17% but flagged ongoing supply constraints on Mac and rising memory costs that will increasingly pressure gross margins. The call also served as a CEO transition event from Tim Cook to John Ternus, with no change in strategic direction. iPhone revenue grew 22% YoY to $57B, a March quarter record, despite supply constraints on SoC nodes.
Вывод Buzzberg iPhone revenue $57B, March quarter record Apple reported a strong March quarter with 17% revenue growth and 22% EPS growth, driven by iPhone 17 family demand. Management guided June quarter revenue growth of 14-17% but flagged ongoing supply constraints on Mac and rising memory costs that will increasingly pressure gross margins. The call also served as a CEO transition event from Tim Cook to John Ternus, with no change in strategic direction. iPhone revenue grew 22% YoY to $57B, a March quarter record, despite supply constraints on SoC nodes. Читать полный анализСвернуть анализ
Apple reported a strong March quarter with 17% revenue growth and 22% EPS growth, driven by iPhone 17 family demand. Management guided June quarter revenue growth of 14-17% but flagged ongoing supply constraints on Mac and rising memory costs that will increasingly pressure gross margins. The call also served as a CEO transition event from Tim Cook to John Ternus, with no change in strategic direction. iPhone revenue grew 22% YoY to $57B, a March quarter record, despite supply constraints on SoC nodes.
- Mac revenue grew 6% but faced significant demand/supply imbalance on Mac Mini, Mac Studio, and MacBook Neo due to AI-driven demand.
- Services hit an all-time record of $31B (+16% YoY), with advertising and Apple Maps ads as new growth vectors.
- Memory costs are expected to rise significantly in June quarter and beyond, pressuring product gross margins.
Выручка$111.184B-23% к/к
EPS$2.01-29% к/к
Валовая маржа49.27%Факт
Операционная маржа32.28%Факт
6 подтверждённых тезисов
Что важно сейчас
Самые значимые изменения по итогам звонка.
Supply chain
Supply constraints on iPhone and Mac
Risk
Memory costs to impact beyond June
Показать ещё 3 тезиса
Demand
Services all-time revenue record
Capital return
$100B additional share repurchase authorization
AI
Apple platforms as platforms for agentic AI
Отчётный период
Фактические результаты
| Показатель | Факт | Изменение |
|---|---|---|
| Выручка | $111.184B | -23% к/к |
| EPS | $2.01 | -29% к/к |
| Валовая маржа | 49.27% | Факт |
| Операционная маржа | 32.28% | Факт |
| Свободный денежный поток | $26.731B | -48% к/к |
| Капзатраты | $1.971B | Факт |
Прогнозные данные
Прогноз компании
| Показатель | Период | Диапазон | Середина | Статус |
|---|---|---|---|---|
| Валовая маржа | FY2026 Q3 | 47.5%–48.5% | 48% | Обозначен |
AI, капзатраты и спрос
Оценка менеджмента
confident
Management's overall tone was confident, driven by record revenue, double-digit growth across segments, and optimism about the CEO transition and future roadmap.
Оценка AI от менеджмента
Apple intelligence is woven into the core of our platforms, powered by Apple silicon and designed from the ground up to deliver intelligence that is fast, personal, and private. That same foundation is drawing developers and researchers to our products as powerful platforms for building and running agentic AI.
все упомянутые компании ниже: 5
Компаниис момента звонка
Клиенты
PERPLEXITY
Клиенты
Kevan Parekh
Perplexity's adoption of Mac for AI development validates Apple's silicon advantage in agentic AI workloads, strengthening Apple's enterprise ecosystem.
Доказательства
“leading AI developers like Perplexity are choosing Mac as their preferred platform to build enterprise-grade AI assistants”
Клиенты
Kevan Parekh
Freshworks' fleet deployment signals enterprise preference for Mac in AI R&D, potentially driving incremental Mac demand from the software sector.
Доказательства
“leading enterprise software provider Freshworks deployed over 5,000 MacBook Pro and MacBook Air to accelerate their AI development.”
Клиенты
Kevan Parekh
Marsh's large-scale iPhone refresh underscores Apple's enterprise security appeal and could signal a broader corporate upgrade cycle.
Доказательства
“Marsh, a leading professional services firm, deployed a large-scale refresh of corporate devices to iPhone 17 as part of a commitment to security”
Партнёры
Партнёры
Tim Cook
Apple's continued partnership with Google for foundational models indicates a stable, co-opetitive AI strategy that benefits Google's cloud/AI services exposure.
Доказательства
“The collaboration with Google is going well.”
Поставщики
Поставщики
Tim Cook
Apple's commitment to purchase well over 100 million advanced chips from TSMC's Arizona facility indicates a multi-year, multi-billion-dollar anchor order for leading-edge nodes, strengthening TSMC's fab utilization and pricing leverage. — Reinforces TSMC's revenue visibility and U.S. fab ramp, while also signaling Apple's de-risking of geopolitical supply chain exposure.
Доказательства
“At TSMC's Arizona facility, for example, Apple is on track to purchase well over 100 million advanced chips.”
Внешние сигналы
Альфа цепочки поставок · 1с момента звонка
Apple's commitment to purchase well over 100 million advanced chips from TSMC's Arizona facility indicates a multi-year, multi-billion-dollar anchor order for leading-edge nodes, strengthening TSMC's fab utilization and pricing leverage.
Методология и полнота
Анализ основан только на заявлениях менеджмента. Показаны все подтверждённые упоминания компаний: 5. Фактические результаты и прогнозы разделены. Публичные доказательства ограничены восемью короткими атрибутированными цитатами. AI-анализ может быть неполным или ошибочным — проверяйте важные утверждения по первоисточнику.