10-Q quarterly report · filed Aug 1, 2025

Apple Inc (AAPL) Q2 2025 10-Q Quarterly Report

Short answer

Apple Inc (AAPL) filed its Q2 2025 10-Q quarterly report on Aug 1, 2025 for the quarter ended Jun 28, 2025. Quarterly revenue was $94.0B (up 9.6% year over year) with net income of $23.4B.

Q2 2025 key financials · XBRL

Revenue
$94.0B
+9.6% YoY · −1.4% QoQ
Net income
$23.4B
+9.3% YoY · −5.4% QoQ
Operating margin
30.0%
Gross margin
46.5%
EPS (diluted)
$1.57
+12.1% YoY · −4.8% QoQ

Source: XBRL data from the Apple Inc (AAPL) Q2 2025 10-Q on SEC EDGAR. USD.

Apple Inc Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New accounting pronouncement ASU 2023-07 mandates segment expense and CODM disclosures, effective Q4 2025, enhancing transparency on segment performance
  • Increased R&D expense to $8.9B (+10.7% YoY Q3) driven by higher headcount and infrastructure costs, reflecting expanded innovation investment
  • State Aid tax payable of $15.4B fully settled in Q3, resolving prior EU regulatory risk linked to Ireland
  • Manufacturing purchase obligations steady at $44.1B, with $43.8B due within 12 months, impacting near-term supply chain and cash flow
  • Liquidity strengthened by $21B stock repurchases and $3.9B dividends in Q3, supported by robust cash, securities, and access to debt markets

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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