AAPL Quarterly Results (Apr - Jun 2026):
Revenue = $109.4 billion (up 16% YoY)
Operating Income = $35.7 billion (up 27% YoY)
Net Income = $29.8 billion (up 27% YoY)
Earnings Per Share = $2.02 (up 29% YoY)
Stakeholder Equity = $107.5 billion (up 63% YoY)
CapEx = $2.4 billion (down 29% YoY)
Free Cash Flow = $31.9 billion (up 31% YoY)
“Today, Apple is proud to report our strongest June quarter ever, with double-digit revenue growth across iPhone, Mac and Services, and in every geographic segment,” said Tim Cook, Apple’s CEO.
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Return On Invested Capital = 260%
Calculation: *ROIC = Net Operating Profit after Tax / Invested Capital = (Annualised Operating Income x (1 - Tax percentage)) / (Stakeholder Equity - Cash and short term investments) = (4 x 35.7 x (1 - 0.179)) / (107.5 - 62.4) = 117.24/45.1 = 260%*
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Position: Long AAPL (since 2021). NFA.