Apple to report Q422 earnings results on October 27th
Apple will report fiscal fourth quarter 2022 (Q422) earnings results after market close around 1:30 PM PDT / 4:30 PM EDT on Thursday, October 27, 2022.
Apple’s conference call to discuss fiscal fourth quarter results is scheduled for Thursday, October 27 at 2:00 PM PDT / 5:00 PM EDT and will be webcast. The streaming experience is best on an iPhone 7 or later, iPad (5th generation or later) or iPod touch (7th generation) using Safari on iOS 12 or later; or a Mac running Safari on macOS Mojave 10.14 or later. Streaming to TV requires an AirPlay 2 compatible device or via AirPlay to an Apple TV (2nd generation or later) with the latest Apple TV or tvOS software. Other platforms may also be able to access streaming using recent versions of Chrome, Firefox, or Microsoft Edge (MSE, H.264, and AAC required).
In Apple’s Q322 conference call held on July 28, CFO Luca Maestri said of Q422:
Given the continuing uncertainty around the world in the short term, we are not providing revenue guidance, but we are sharing some directional insights based on the assumption that the macroeconomic outlook and COVID-related impacts on our business will not get worse than what we are projecting today. for the current quarter.
Overall, we believe our year-over-year revenue growth will accelerate during the September quarter versus the June quarter, despite approximately 600 basis points of negative year-over-year foreign exchange impact. On the product side, we expect supply constraints to be lower than what we experienced in the June quarter. With regards to services in particular, we expect revenues to grow but decelerate compared to the June quarter due to macroeconomic factors and foreign currency.
We expect gross margin to be between 41.5% and 42.5%. We expect OPEX to be between $ 12.9 billion and $ 13.1 billion. We expect … our tax rate to be around 16%.
MacDailyNews takes: As always, we will have Apple’s earnings results for you on the 27th right after the market close (1:30 pm PDT / 4:30 pm EDT) and follow the live notes from Apple’s Q422 conference call.
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