Apple reports Q2 2026 earnings: $111.2 billion in revenue, up 17%
Apple reported its Q2 2026 earnings with $111.2 billion in revenue, a 17% increase year over year, surpassing analyst expectations. The company achieved record revenue in the March quarter, driven by strong sales of the iPhone 17 lineup and growth across all geographic segments. CEO Tim Cook and CFO Kevan Parekh highlighted record-breaking performance in services, operating cash flow, and the installed base of active devices.
- ▪Apple reported $111.2 billion in revenue for Q2 2026, exceeding the expected range of 13% to 16% year-over-year growth.
- ▪Net profit for the quarter was $29.58 billion, with earnings per share reaching $2.01, above the market expectation of $1.94.
- ▪iPhone revenue totaled $56.99 billion, setting a March quarter record, fueled by demand for the iPhone 17 lineup.
- ▪Services revenue reached $30.98 billion, marking an all-time high, while new product launches included the iPhone 17e, M4-powered iPad Air, and MacBook Neo.
- ▪Apple generated over $28 billion in operating cash flow and set new records for both operating cash flow and earnings per share.
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