Apple to reveal fiscal Q2 2017 earnings on May 2

Apple on Monday announced plans to report quarterly earnings for the second fiscal quarter of 2017 on May 2, a key period that follows the company's record-breaking 2016 holiday quarter.

Announced through Apple's Investor Relations webpage, the upcoming earnings report will be followed by an conference call set to stream online on Tuesday, May 2, at 2 p.m. Pacific, 5 p.m. Eastern. As usual, Apple CEO Tim Cook and CFO Luca Maestri will likely take part in the call, offering color on metrics and answering questions from market analysts.

Apple is looking to maintain iPhone sales growth levels in the second quarter following a booming first fiscal quarter. The lucrative holiday shopping season and September launch of iPhone 7 helped push iPhone sales to 78.3 million units in the December quarter, fueling $78.4 billion in revenue. Both figures set all-time quarterly records.

The company reached its peak after a first ever iPhone sales contraction in the second quarter of 2016, often the slowest three-month period of the year. Revenues from Apple's services arm, which includes Apple Music, iCloud, iTunes and the various App Stores, helped buoy income during the iPhone sales slowdown, as did unexpectedly strong demand for the 4-inch iPhone SE.

After its return to iPhone growth, Apple stock has seen a steady upward trend over the past few weeks. Following a series of all-time highs, AAPL shares most recently hit $143.80 last week, sitting a little over three dollars shy of a market capitalization record set in 2015.

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For the second quarter of 2017, Apple is guiding for revenues between between $51.5 billion and $53.5 billion and gross margin between 38 and 39 percent.

AppleInsider will be covering Apple's conference call for the first fiscal quarter of 2017 live on Tuesday, May 2, starting at 2 p.m. Pacific, 5 p.m. Eastern.

8 Comments

5150iii 10 Years · 96 comments

About 7 years ago

Looking forward to it!

trashman69 10 Years · 161 comments

Apple will also update its capital return program. Sort of a big deal.

retrogusto 17 Years · 1148 comments

I don't remember them ever announcing their results this late before. I wonder why it's so late this time.

lkrupp 20 Years · 10521 comments

retrogusto said:

I don't remember them ever announcing their results this late before. I wonder why it's so late this time.

Because they are doomed and will be filing for Chapter 11 protection after the call. It’s obvious.

4 Likes · 0 Dislikes

mpantone 19 Years · 2335 comments

retrogusto said:

I don't remember them ever announcing their results this late before. I wonder why it's so late this time.

I think there are several factors at play here.

Normally, Apple fiscal quarters are 13 weeks long. However, if Apple had chosen to keep Q1 FY2017 at 13 weeks, the quarter would have ended on Saturday December 24th, a weird date that doesn't account for the last week of the year during their busiest sales season. So Apple decided to make Q1 FY2017 fourteen weeks long to end on Saturday December 31st. That meant that Q2 started on Monday January 1st.

However, this February only had 28 days, so the thirteen week fiscal quarter actually ended on Saturday April 1st.