AAPL earnings for Q2 2022 – analysts expect good news

AAPL earnings for the second quarter of 2022 (calendar first quarter) will be announced by the company later today, and analysts expect the news to be good.

While professional analysts are more cautious than independents, they all expect significant year-over-year growth in almost every area…

PED30 collated a spreadsheet showing analysts’ consensus expectations for total revenue as well as the expected breakdown by product category.

The bottom line is that analysts expect Apple to report total revenue of $95.51 billion, up from $89.58 billion in the same quarter last year. This would mean growth of just under 7%.

Analysts expect iPhone, Mac and wearable devices (Apple Watch and AirPods) to grow in revenue. The only area where they expect revenue to remain flat is iPad, and the consensus forecast actually predicts a slight year-on-year drop.

Services is forecast to be the biggest area of ​​growth, with revenue expected to grow from $16.9 billion in the second fiscal quarter of 2021 to $20.03 billion in the same quarter of this year.

Interestingly, renowned Apple bulls Cathy Huberty and Daniel Ives aren’t at the top of this year’s forecasts – the latter is actually the most downbeat with $90.87 billion in total revenue. The most optimistic of the institutions is JP Morgan with $96.43 billion.

Apple itself again refrained from making any quarterly forecasts, again citing concerns about supply disruptions. The iPhone maker has warned that component shortages will again limit product shipments, but the company’s chief financial officer advised us to remain optimistic.

Apple CFO Luca Maestri said in January that “the very strong customer response to our recent launch of new products and services has resulted in double-digit growth in revenue and earnings.”

As always, you’ll be able to follow the live earnings report on Apple’s investor site, and we’ll of course update you with all the news as it becomes available.

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