Apple Posts Stronger-than-Expected Q4 Revenue in First Earnings Report for New CEO John Ternus – WTOP News
Apple said iPhone sales and record services revenue drove the beat, while tariff refunds added 5 cents to quarterly earnings per share.
- On Monday, Apple reported record September-quarter revenue of $114.5 billion, up 12% year-over-year and surpassing Wall Street estimates of $113.46 billion.
- Apple CEO John Ternus, who took over from Tim Cook on September 1, oversaw the quarter while launching the iPhone Duo and first touchscreen MacBook Pro.
- Net profit reached $30.7 billion, with diluted EPS of $2.10 per share. Operating cash flow totaled $28 billion, which the company returned entirely to shareholders.
- Tariff refunds provided a one-time boost, with Apple CFO Kevan Parekh noting they contributed about 1 percentage point to gross margin and $0.05 to diluted EPS.
- Investors are monitoring December-quarter guidance as the company enters the holiday season with the iPhone 18 Pro, Apple HomeView, and touchscreen MacBook Pro, while non-Pro models arrive early next year.
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Apple achieved record sales in the last quarter with iPhones, among other things due to price increases. Nevertheless, the Group expects a slower growth in the future.
With strong iPhone sales, Apple posted earnings that exceeded market expectations. It recorded its highest-ever revenue for the third quarter. However, rising memory prices driven by increasing demand for artificial intelligence (AI) servers are expected to weigh on future profitability. On the 2nd (local time), Apple [announced] its third-quarter (July-September, fiscal year 2022)
Apple posts stronger-than-expected Q4 revenue in first earnings report for new CEO John Ternus – WTOP News
Apple Inc. posted stronger-than-expected revenue in the fiscal fourth quarter, giving new CEO John Ternus an upbeat start to his tenure, which began in September. The solid results bucked a downward trend for tech giants this quarter, as companies including Alphabet, Amazon and Intel had disappointing quarterly results. The Cupertino, California-based company earned $30.71 billion,...
Apple beats sales and profit expectations but AI costs weigh on holiday sales
Apple exceeded analysts’ expectations for its latest results on Monday when the iPhone-maker said it recorded “revenue record” for a September quarter, driven by iPhone sales and services revenue.
Cerus Q3 Earnings Call Highlights
Cerus (NASDAQ:CERS) reported third-quarter product revenue growth of 10% year over year and reaffirmed its 2026 revenue outlook, while also announcing positive top-line results from its Phase III RedeS study of pathogen-reduced red blood cells. Product revenue totaled $57.7 million for the quarter
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