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Apple to Announce Q1 2023 Earnings on February 2

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Apple today updated its investor relations page to announce that earnings for the first fiscal quarter of 2023 (fourth calendar quarter) will be shared on Thursday, February 2.

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The first quarter earnings call will provide some insight into holiday sales of the iPhone 14 models, the Apple Watch Series 8 and Ultra, new iPad models, and the AirPods Pro 2. iPhone sales were constrained during the quarter because of issues with supply. Apple in November sent out a press release warning about COVID-19 impacts on iPhone 14 Pro and Pro Max shipments, letting customers know to expect longer than normal wait times.

Last week, Apple shares hit an 18-month low due to the ongoing iPhone shipment issues and a broader downturn in the stock market, and Apple's inability to meet demand during the holiday quarter will likely have a notable impact on sales.

Apple did not provide guidance on the first quarter of 2023, but in the first quarter of 2022, the company reported revenue of $123.9 billion and net quarterly profit of $34.6 billion.

The quarterly earnings statement will be released at 1:30 PM Pacific/4:30 PM Eastern, with a conference call to discuss the report taking place at 2:00 PM Pacific/5:00 PM Eastern. MacRumors will provide coverage of both the earnings release and conference call on February 2.

Tag: Earnings

Top Rated Comments

TheYayAreaLiving 🎗️ Avatar
TheYayAreaLiving 🎗️
42 months ago
I hope Apple drops a hint date for Apple Event in Spring, 2023.
Score: 7 Votes (Like | Disagree)
DocMultimedia Avatar
DocMultimedia
42 months ago

I hope Apple drops a hint date for Apple Event in Spring, 2023.
"We are looking forward to an exciting 2023." That's about all you'll get. 🤣
Score: 6 Votes (Like | Disagree)
S
svish
42 months ago
Should have been a good quarter for Apple.
Score: 3 Votes (Like | Disagree)
S
_Spinn_
42 months ago
It will be interesting to see if the sale slump is as bad as reported.
Score: 2 Votes (Like | Disagree)
Ed A. Avatar
Ed A.
42 months ago

Take my 8660 shares. please. Seriously, debating whether I should buy more if it dips below $100.
No thanks. I sold my 8950 shares last year. :) I might get back in later this year if Apple gets innovative again. If their new products are the same old rehash, then I'll pass.
Score: 2 Votes (Like | Disagree)
C
Carnegie
42 months ago

Is this later than usual for an Apple Earnings release? I thought it was generally around the 20th.
Apple typically issues Q1 earnings 30-33 days after the end of its first fiscal quarter. Last year it was 33 days later. The year before it was 32 days later. This year it will be 33 days later.

This earnings release may seem later than usual because this Q1 ended later than they usually do. Most of Apple's fiscal quarters are 13 weeks long, so they don't end on a particular day of a month. They always end on a Saturday. Apple's first fiscal quarter can end on any day between December 25th and December 31st. Last year Apple's Q1 ended on December 25th. This year it will end on December 31st, hence the later reporting date. And, btw, this first fiscal quarter was one of the unusual 14-week quarters because the calendar year ended on a Saturday.
Score: 2 Votes (Like | Disagree)
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