EI Earnings Insight Lab
Apple Inc.

Apple Inc. Q2 2025 Earnings Analysis

Reported on 2025-05-02 / Fiscal Quarter Q2 2025
Revenue Up YoY Margin Under Pressure EPS Up YoY Mixed Quarter
Apple Inc. reported Q2 2025 results with relatively stable operating performance.

Revenue grew 5.1% year over year and fell 23.3% sequentially. Margins weakened from the previous quarter, indicating ongoing pressure on profitability. Apple Inc. also posted year-over-year earnings growth, reinforcing a more resilient operating profile.

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Source: Company filings / processed earnings data
Revenue
$95.4B
YoY: 5.0753%
QoQ: -23.2832%
Net Income
$24.8B
YoY: 4.8401%
QoQ: -31.79%
EPS (Diluted)
$1.65
YoY: 7.84%
Net Margin
26%
YoY: -0.06 pts
QoQ: -3.24 pts
Gross Margin
47.1%
Operating Margin
31%
Growth

Revenue trend

Revenue growth stayed positive, supporting a healthier topline trend.

Profitability

Margin and earnings quality

Margins deteriorated from last quarter, indicating weaker profit conversion.

Investor Focus

What matters next

Investors will continue watching execution quality.

Revenue & YoY Growth

Quarterly

Revenue trend and year-over-year growth across recent reported quarterly periods.

Net Income & Net Margin

Quarterly

Net income and net margin trend over recent reported quarterly periods.

Revenue Analysis

Apple Inc. reported $95.4B in revenue for Q2 2025, up 5.1% YoY and down 23.3% QoQ. Positive year-over-year growth suggests healthier revenue momentum.

Revenue Snapshot
Current Quarter $95.4B
Previous Quarter $124.3B
Same Quarter Last Year $90.8B
YoY Change +5.1%
QoQ Change -23.3%

Profitability Analysis

Net income came in at $24.8B, up 4.8% YoY and down 31.8% QoQ. Net margin was 26%. Sequential margin deterioration suggests profitability remains under pressure.

Profitability Snapshot
Net Income $24.8B
EPS $1.65
Net Margin 26%
QoQ Margin Change -3.2 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was Apple Inc.'s revenue in Q2 2025?

Apple Inc. reported revenue of $95.4B in Q2 2025.

What was Apple Inc.'s net income in Q2 2025?

Apple Inc. reported net income of $24.8B in Q2 2025.

How did Apple Inc.'s revenue change year over year?

Apple Inc.'s revenue increased by 5.1% year over year in Q2 2025.

What was Apple Inc.'s net margin in Q2 2025?

Apple Inc.'s net margin was 26% in Q2 2025.

Related
Apple Inc. Q1 2025 Earnings

Compare this quarter with the previous earnings report.

Related
Apple Inc. Company Overview

Explore company profile, industry, and historical context.

Related
Apple Inc. Revenue & Profit Trends

View more quarterly financial trend pages for this company.

Data Source & Methodology

Financial data is sourced from company filings and internal processed earnings data.

YoY and QoQ values are derived from reported quarterly figures when not directly available.

This page is for informational purposes only and does not constitute investment advice.

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