What to Expect From Apple's Third Quarter Earnings Results on Thursday

Apple will be reporting its earnings results for the third quarter of the 2022 fiscal year on Thursday, July 28 at 1:30 p.m. Pacific Time. Apple will then host a conference call shortly afterwards to discuss the results.

Apple Logo Cash Feature Blue
Keep reading for some key things to know about Apple's third quarter, including analyst expectations for revenue and more.

New Products

Apple's third quarter ran from March 27 through June 25, according to its 2022 fiscal calendar. The only device that Apple released during this period was an updated 13-inch MacBook Pro with the M2 chip. Apple also unveiled a redesigned MacBook Air with the M2 chip in June, but orders did not begin until after the quarter ended.

Apple also released its first power adapters with dual USB-C ports and two new Pride Edition bands for the Apple Watch during the quarter.

Revenue Slowdown

Apple is estimated to report revenue of $82.6 billion in the third quarter, according to Yahoo Finance's average of 26 analyst estimates.

Apple reported revenue of $81.4 billion in the third quarter of 2021, so $82.6 billion would be year-of-year growth of approximately 1.5%, which would be a significant slowdown for Apple. By comparison, Apple's year-over-year revenue growth between the third quarters of 2020 and 2021 was 36%, as the COVID-19 pandemic greatly increased demand for Apple products and services as many people worked and learned from home.

Conference Call

Apple's CEO Tim Cook and CFO Luca Maestri will hold a conference call at 2:00 p.m. Pacific Time on Thursday, July 28 to discuss the company's third quarter earnings results. The call should be around one hour long and will include a Q&A segment with analysts.

A live audio stream of the conference call will be available on Apple's Investor Relations page, and a recording will be shared at a later time for replay.

Investors will be listening for any potential commentary surrounding the economy, as concerns mount over reduced consumer spending amid high inflation, the continued COVID-19 pandemic, the Russia-Ukraine war, and other factors. Apple reportedly plans to slow hiring and spending across some teams in 2023 amid increased economic uncertainty.

What's Next

Apple's fourth quarter began June 26 and runs through September 24. The quarter has already included the start of orders for the new MacBook Air with the M2 chip, and it will likely include at least a few days of iPhone 14 pre-orders as well.

Apple has not provided revenue guidance since the start of the COVID-19 pandemic, but slower revenue growth is expected to continue.

Apple shares are trading at around $152, down around 17% from a 52-week high of $182.94.

Tags: AAPL, Earnings

Popular Stories

iPhone 17 Pro in Hand Feature Lowgo

iPhone 17 Pro Coming Soon With These 14 New Features

Friday July 4, 2025 1:05 pm PDT by
Apple's next-generation iPhone 17 Pro and iPhone 17 Pro Max are just over two months away, and there are plenty of rumors about the devices. Below, we recap key changes rumored for the iPhone 17 Pro models. Latest Rumors These rumors surfaced in June and July:Apple logo repositioned: Apple's logo may have a lower position on the back of the iPhone 17 Pro models, compared to previous...
Apple Watch Ultra Night Mode Screen

Apple Watch Ultra 3 Launching Later This Year With Two Key Upgrades

Wednesday July 2, 2025 1:13 pm PDT by
The long wait for an Apple Watch Ultra 3 appears to be nearly over, and it is rumored to feature both satellite connectivity and 5G support. Apple Watch Ultra's existing Night Mode In his latest Power On newsletter, Bloomberg's Mark Gurman said that the Apple Watch Ultra 3 is on track to launch this year with "significant" new features, including satellite connectivity, which would let you...
iPhone 17 Pro in Hand Feature Lowgo

iPhone 17 Pro Max Battery Capacity Leaked

Thursday July 3, 2025 5:40 am PDT by
The iPhone 17 Pro Max will feature the biggest ever battery in an iPhone, according to the Weibo leaker known as "Instant Digital." In a new post, the leaker listed the battery capacities of the iPhone 11 Pro Max through to the iPhone 16 Pro Max, and added that the iPhone 17 Pro Max will feature a battery capacity of 5,000mAh: iPhone 11 Pro Max: 3,969mAh iPhone 12 Pro Max: 3,687mAh...
airpods pro 2

AirPods Pro 3 to Help Maintain Apple's Place in Earbud Market Amid Increasing Low-Cost Competition

Thursday July 3, 2025 7:25 am PDT by
Apple's position as the dominant force in the global true wireless stereo (TWS) earbud market is expected to continue through 2025, according to Counterpoint Research. The forecast outlines a 3% year-over-year increase in global TWS unit shipments for 2025, signaling a transition from rapid growth to a more mature phase for the category. While Apple is set to remain the leading brand by...
iphone 16 pro models 1

Here's How the iPhone 17 Pro Max Will Compare to the iPhone 17 Pro

Saturday July 5, 2025 1:00 pm PDT by
Apple should unveil the iPhone 17 series in September, and there might be one bigger difference between the Pro and Pro Max models this year. As always, the Pro Max model will be larger than the Pro model:iPhone 17 Pro: 6.3-inch display iPhone 17 Pro Max: 6.9-inch displayGiven the Pro Max is physically larger than the Pro, it has more internal space, allowing for a larger battery and...
apple silicon mac lineup 2024 feature purple m5

Apple's Upcoming Macs Listed in New Report

Thursday July 3, 2025 9:09 am PDT by
AppleInsider's Marko Zivkovic today shared a list of alleged identifiers for future Mac models, which should roll out over the next year or so. The report does not reveal anything too surprising, but it does serve as further evidence that Apple is seemingly working on new models of every Mac, including the MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, and Mac Pro. Apple is...

Top Rated Comments

ghanwani Avatar
39 months ago
They will beat on earning and revenue but guide lower.
Score: 5 Votes (Like | Disagree)
Schizoid Avatar
39 months ago
Wheelbarrows full of cash being stored in the Cayman Islands?
Score: 5 Votes (Like | Disagree)
sw1tcher Avatar
39 months ago

If you’re thinking long term, a buy is not a smart option right now.
Not buying right now this very moment. I actually sold some this morning at $152 because it had run up so much since June lows. If it falls after earnings and only if it hits my price level (mid $120s) will I consider adding back some of what I sold.
Score: 4 Votes (Like | Disagree)
Mr. Dee Avatar
39 months ago
I am holding on to my Apple Stock for the long term and I am likely to pick up some more soon.
Score: 2 Votes (Like | Disagree)
DelayedGratificationGene Avatar
39 months ago
The Crystal Balls are out in force….
Score: 2 Votes (Like | Disagree)
JoshuaBru Avatar
39 months ago

? Will probably go down after earnings. Use it as an opportunity to add some more $AAPL. Think long term.
If you’re thinking long term, a buy is not a smart option right now.
Score: 2 Votes (Like | Disagree)