The company said that revenue for the 3 months ended June 30, 2024 rose 22% year-over-year to $39,071 million, from $31,999 million a year earlier. Over the same period, operating income was $14,847 million and net income was $13,465 million.

1. 01

   The company said that revenue for the 3 months ended June 30, 2024 rose 22% year-over-year to $39,071 million, from $31,999 million a year earlier. Over the same period, operating income was $14,847 million and net income was $13,465 million.

2. 02

   The company said its operating margin for Q2 was 38%, compared with 29% a year earlier. Its effective tax rate was 11%, versus 16% a year earlier, and diluted earnings per share (EPS) was $5.16, compared with $2.98 a year earlier.

3. 03

   The company said free cash flow for Q2 was $10.90 billion, and that it repurchased Class A common stock for $6.32 billion and paid dividends of $1.27 billion. Cash, cash equivalents and marketable securities were $58.08 billion as of June 30, 2024.

4. 04

   The company said it expects total revenue for Q3 2024 to be in the range of $38.5 to 41 billion. It also said full-year total expenses are expected to be in the range of $96 to 99 billion, unchanged from its prior outlook. It said full-year capital expenditures are now expected to be in the range of $37 to 40 billion, updated from its prior range of $35 to 40 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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