Apple has recovered most of the extra tariffs paid to the U.S. government, marginally improving its Q4 results. In June, the company received approximately $2.2 billion in refunds from reciprocal tariffs shut down by the Supreme Court in February. The Q4 quarterly results show a 47.9% gross margin including a favorable impact of approximately 1% due to these refunds.
Additionally, roughly $0.05 of the $2.10 diluted earnings per share stemmed from the refunds. Simple math suggests the refunds total around a billion dollars. During the analyst call, CFO Kevan Parekh confirmed the vast majority of refunds have been paid back, with only a small amount potentially remaining, certainly not at the billion-dollar level.
Source: AppleInsider · Summarized by HeadlinesBriefing