Q2 25 EPS
$1.65
BEAT +1.85%
Est. $1.62
Q2 25 Revenue
$95.36B
vs S&P Since Q2 25
+10.0%
BEATING MARKET
AAPL +37.1% vs S&P +27.2%
Market Reaction
Did AAPL Beat Earnings? Q2 2025 Results
Apple delivered a solid fiscal second quarter, posting earnings per share of $1.65 against a Wall Street consensus of $1.62, a beat of 1.85%, while revenue climbed 5.1% year over year to $95.36 billion. The standout driver was Services, which reached… Read more Apple delivered a solid fiscal second quarter, posting earnings per share of $1.65 against a Wall Street consensus of $1.62, a beat of 1.85%, while revenue climbed 5.1% year over year to $95.36 billion. The standout driver was Services, which reached a new quarterly revenue high of $26.64 billion, up from $23.87 billion a year earlier, providing the high-margin lift that helped push gross profit to $44.87 billion and net income to $24.78 billion from $23.64 billion. Products revenue of $68.71 billion held steady, anchored by iPhone at $46.84 billion, with Mac and iPad both growing, while Wearables slipped to $7.52 billion from $7.91 billion. Geographically, the Americas led at $40.31 billion and Japan showed notable strength at $7.30 billion, though Greater China was essentially flat at $16.00 billion, a region investors continue to watch closely amid an evolving competitive landscape. Apple also raised its quarterly dividend 4% to $0.26 per share and authorized a fresh $100.00 billion buyback, returning $29.00 billion to shareholders during the quarter.
Key Takeaways
- • Double-digit growth in Services revenue reaching a new all-time quarterly high
- • iPhone revenue growth year over year
- • Installed base of active devices reached new all-time high across all product categories and geographic segments
- • High levels of customer loyalty and satisfaction
AAPL YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
AAPL Revenue by Segment
With YoY comparisons, source: SEC Filings
AAPL Revenue by Geography
With YoY comparisons, source: SEC Filings
“Today Apple is reporting strong quarterly results, including double-digit growth in Services. We were happy to welcome iPhone 16e to our lineup, and to introduce powerful new Macs and iPads that take advantage of the extraordinary capabilities of Apple silicon. And we were proud to announce that we've cut our carbon emissions by 60 percent over the past decade.”
— Tim Cook, Q2 2025 Earnings Press Release
AAPL Earnings Trends
AAPL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AAPL EPS Trend
Earnings per share: estimate vs actual
AAPL Revenue Trend
Quarterly revenue: estimate vs actual
AAPL Quarterly Results
9 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.94 | $2.01 | +3.61% | $111.18B | — |
| Q1 26 BEAT | $2.67 | $2.84 | +6.37% | $143.76B | — |
| Q4 25 BEAT FY | $1.77 | $1.85 | +4.52% | $102.47B | — |
| FY Full Year | — | $7.46 | — | $416.16B | — |
| Q3 25 BEAT | $1.43 | $1.57 | +9.79% | $94.04B | — |
| Q2 25 BEAT | $1.62 | $1.65 | +1.85% | $95.36B | — |
| Q1 25 BEAT | $2.34 | $2.40 | +2.56% | $124.30B | — |
| Q4 24 BEAT FY | $0.95 | $1.64 | +72.63% | $94.93B | — |
| FY Full Year | — | $6.75 | — | $391.04B | — |
| Q3 24 BEAT | $1.34 | $1.40 | +4.48% | $85.78B | — |
| Q2 24 BEAT | $1.50 | $1.53 | +2.00% | $90.75B | — |