Apple Beats In Q2 2015 With $58B Revenue, $13.6B Profit And $2.33 EPS

Apple has just released its fiscal Q2 2015 earnings, reporting $58 billion in revenue, $13.6 billion in net profit representing $2.33 per share. Compared to the year-ago quarter, it corresponds to a growth of 27.2 percent in revenue, and an impressive 40.4 percent jump in EPS (adjusted for the 7-for-1 split). Expectations were pretty high following Apple’s blockbuster quarter three months ago — the company reported the largest corporate quarterly earnings of all time.

Fortune’s consensus among analysts was for Apple to report earnings of $2.21 per share on $56.85 billion in revenue, with both revenue and EPS exploding more than 24.7 percent and 33.1 percent respectively — this is an insane growth prediction.

Apple’s own guidance from its last earnings release predicted between $52 billion and $55 billion billion in revenue, with gross margin between 38.5 percent and 39.5 percent percent. Apple’s guidance has been accurate for the past couple of years, except last quarter. Q1 2015 was the largest corporate quarterly earnings of all time, and even Apple couldn’t predict that.

Image credit: Bryce Durbin

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