Apple beats second quarter results with record quarterly revenue of $111.2 billion
Apple today announced financial results for its fiscal 2026 second quarter ended March 28, 2026. The Company posted quarterly revenue of $111.2 billion, up 17 percent year over year. Diluted earnings per share was $2.01, up 22 percent year over year.
“Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment,” said Tim Cook, Apple’s outgoing CEO, in a statement. “iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup. During the quarter, Services achieved yet another all-time record, and we were excited to introduce remarkable new products to our strongest lineup ever. That included the addition of the iPhone 17e and the M4-powered iPad Air, along with the launch of MacBook Neo, which is captivating customers all around the world.”
“Our strong business performance during the March quarter generated over $28 billion in operating cash flow and drove new March quarter records for both operating cash flow and EPS,” said Kevan Parekh, Apple’s CFO, in a stateemnt. “Continued strong customer demand for our products and services once again helped us achieve a new all-time high for our installed base of active devices across all major product categories and geographic segments.”
• iPhone: $56.994 billion (vs. $48.841 billion YoY)
• Mac: $8.399 billion (vs. $7.949 billion YoY)
• iPad: $6.914 billion (vs. $7.522 billion YoY)
• Wearables, Home and Accessories: $7.901 billion (vs. $7.522 billion YoY)
• Services: $30.976 billion (vs> $26.645 billion YoY)
• Americas: $45.093 billion (vs. $40.315 billion YoY)
• Europe: $28.055 billion (vs. $24,454 billion YoY)
• Greater China: $20.497 billion (vs. $16.002 billion YoY)
• Japan: $8.401 billion (vs. $7.298 billion YoY)
• Rest of Asia Pacific: $9.138 billion (vs. $7.290 billion YoY)
Apple’s board of directors has declared a cash dividend of $0.27 per share of the Company’s common stock, an increase of 4 percent. The dividend is payable on May 14, 2026, to shareholders of record as of the close of business on May 11, 2026. The board of directors has also authorized an additional program to repurchase up to $100 billion of the Company’s common stock.
Apple will provide live streaming of its Q2 2026 financial results conference call beginning at 2:00 p.m. PT on April 30, 2026, at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter.
According to consensus estimates tracked by FactSet, prior to earnings, Apple was expected to post adjusted earnings per share (EPS) of $1.95 and revenue was projected at $109.5 billion. Analyst forecast iPhone revenue of $56.5 billion and Mac sales were expected to come in at $8.12 billion. Greater China was projected at $19 billion.
Slight iPhone miss, but overall:
We’ll have live notes from Apple’s conference call starting at 2:00 p.m. PDT / 5:00 p.m. EDT.
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