Apple (AAPL) gross margin for Q4 2022 came in at 42.3%, beating expectations

Apple (AAPL) shared its fiscal Q4 2022 earnings with a gross margin of $42.3 percent, beating expectations. Additionally, Apple managed to beat revenue and earnings-per-share (EPS) estimates for the quarter.

Revenue was reported at $90.15 billion compared to estimates of $88.90 billion, up 8.1 percent year-over-year (YoY). For EPS, Apple reported a diluted $1.29 per share compared to previous consensus estimates at $1.26 per share.

Below, we’ve included a summary of what was reported by Apple in its latest earnings report, as shared by CNBC.

EPS: $1.29 vs. $1.27 est.
Revenue: $90.15 billion vs. $88.90 billion estimated, up 8.1% year-over-year
iPhone revenue: $42.63 billion vs. $43.21 billion estimated, up 9.67% year-over-year
Mac revenue: $11.51 billion vs. $9.36 billion estimated, up 25.39% year-over-year
iPad revenue: $7.17 billion vs. $7.94 billion estimated, down 13.06% year-over-year
Other Products revenue: $9.65 billion vs. $9.17 billion estimated, up 9.85% year-over-year
Services revenue: $19.19 billion vs. $20.10 billion estimated, up 4.98% year-over-year
Gross margin: 42.3% vs. 42.1% estimated

As a whole, Apple increased its revenue by 8 percent during the quarter with total sales for Apple’s fiscal 2022 sitting around $394.3 billion. Apple CEO Tim Cook told CNBC that it would have grown “double-digits” if not for current foreign exchange headwinds.

“The foreign exchange headwinds were over 600 basis points for the quarter,” Tim Cook explained to CNBC’s Steve Kovach. “So it was significant. We would have grown in double digits without the foreign exchange headwinds.”

For more on Apple’s Q4 2022 earnings, be sure to read through the full report. And for more on Apple, check out our previous coverage including Apple’s (AAPL) Q4 2022 earnings results beating EPS and revenue estimates, and how Apple products will proceed with adopting USB-C charging in compliance with EU law.