Apple to Announce Q1 2023 Earnings on February 2

[MacRumors]

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.

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.

Article Link: Apple to Announce Q1 2023 Earnings on February 2

 

[ArtOfWarfare]

Is this later than usual for an Apple Earnings release? I thought it was generally around the 20th.

 

[TheYayAreaLiving 🎗️]

I hope Apple drops a hint date for Apple Event in Spring, 2023.

 

[Ed A.]

Is this later than usual for an Apple Earnings release? I thought it was generally around the 20th.

Usually around the last week in January.

 

[DocMultimedia]

Is this later than usual for an Apple Earnings release? I thought it was generally around the 20th.

I think it is one week later than usual (I always have "estimated" date on my calendar. Every so often it shifts just a bit for odd reasons like number of days for yada.

 

[DocMultimedia]

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. 🤣

 

[Isengardtom]

Will be interesting to see if the rumours of weaker results are right

I'm going to guess yes, at least in some product categories

 

[DelayedGratificationGene]

Is this later than usual for an Apple Earnings release? I thought it was generally around the 20th.

No it’s usually around this time give or take

 

[sw1tcher]

Is this later than usual for an Apple Earnings release? I thought it was generally around the 20th.

History shows that it's usually during the last week/days (usually between 25th and 30th) of January. The only other recent time earnings got released in early February was in 2018.

If you look back 10 years+ ago, they used to release them even earlier (Jan 23, 2013; Jan 24, 2012; Jan. 18, 2011; Jan. 21, 2009; Jan. 17, 2007; Jan. 18, 2006; etc).

 

[sw1tcher]

A better/more accurate title would be "Apple to Announce Disappointing Q1 2023 Earnings on February 2"

 

[DelayedGratificationGene]

Well they didn’t preannounce any earnings shortfall. I thought since Wall Street is pricing in Armageddon for Apple you would have definitely thought that was a given. Hmmm maybe MR Market is just getting too emotional again.

 

[DelayedGratificationGene]

A better/more accurate title would be "Apple to Announce Disappointing Q1 2023 Earnings on February 2"

Since Wall Street is pricing in a disaster quarter a disappointing quarter would be a nice positive surprise.

 

[Realityck]

Apple previously advised that this quarter earnings would be impacted with all the manufacturers lockdown effecting earnings. If they do better then predicted it will make them look good.

 

[Daws]

Take my 8660 shares. please. Seriously, debating whether I should buy more if it dips below $100.

 

[JPack]

Will be interesting to see if the rumours of weaker results are right

I'm going to guess yes, at least in some product categories

Apple already pre-announced MacBook during the last call, then did a press release for Pro/Max.

 

[sw1tcher]

Well they didn’t preannounce any earnings shortfall.

Well, we're only on the 2nd official business day of the new year. There's still plenty of time for Apple to make a preannouncement if numbers warrant one.

I say if there isn't one by Friday the 13th 😱 , then results aren't as bad as the market/analysts think they'll be.

 

[DocMultimedia]

Well they didn’t preannounce any earnings shortfall. I thought since Wall Street is pricing in Armageddon for Apple you would have definitely thought that was a given. Hmmm maybe MR Market is just getting too emotional again.

I'd also been wondering if they were going to release one. Guess the results will at least be half way ok.

 

[jz0309]

Wall Street is not happy right now with AAPL with the stock price decline, will be interesting

 

[Bawstun]

Hope they miss their earnings by a mile, it’s time to clean house and get back to designing functional, intuitive software again.

 

[citysnaps]

Hope they miss their earnings by a mile, it’s time to clean house.

In what ways? What do you recommend?

And why do you hope Apple misses their numbers by a mile?

 

[uptownnyc]

These earnings are going to be ugly!

 

[DelayedGratificationGene]

Take my 8660 shares. please. Seriously, debating whether I should buy more if it dips below $

Buyers make their fortunes during bear markets they just don’t know it yet. This is my third Apple bear 2018, 2020 and 2022 and I’ve added significantly during all three.

 

[ghanwani]

History shows that it's usually during the last week/days (usually between 25th and 30th) of January. The only other recent time earnings got released in early February was in 2018.

If you look back 10 years+ ago, they used to release them even earlier (Jan 23, 2013; Jan 24, 2012; Jan. 18, 2011; Jan. 21, 2009; Jan. 17, 2007; Jan. 18, 2006; etc).

The processors they were using for their financials were faster back then.

 

[4odomi]

Apple have released some less than average products in the autum, including iPhones 14, even the 14 Pro's, are not as exciting as the hype, when you dig down into it, it would be a shock if their earnings aren't down and it will simply be down to the average products released

 

[Carnegie]

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.