Apple (AAPL) Q2 2026 Earnings
How Did AAPL Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +4.66%.
Did AAPL Beat Earnings? Q2 2026 Results
Yes. Apple reported Q2 2026 earnings of $2.01 a share on Apr 30, 2026, beating the $1.94 consensus estimate by 3.6%. Revenue was $111.2B against a $109.6B estimate.
Apple Inc. delivered a strong fiscal second quarter, posting revenue of $111.18 billion, up 16.6% year over year, and diluted EPS of $2.01, clearing the $1.94 consensus estimate by 3.61% and extending the company's streak of beating Wall Street EPS expectations to eight consecutive quarters. The standout driver was iPhone, which generated $56.99 billion in revenue compared to $46.84 billion a year ago, powered by what management characterized as extraordinary demand for the iPhone 17 lineup. Services continued its upward trajectory, reaching $30.98 billion from $26.64 billion in the prior-year period, reinforcing Apple's growing reliance on high-margin recurring revenue. Gross margin expanded to $54.78 billion and net income climbed to $29.58 billion, up from $24.78 billion a year ago. The board sweetened returns to shareholders with a 4% dividend increase and a fresh $100.00 billion buyback authorization, underscoring confidence in the business at a moment when broader analyst optimism around AI's contribution to corporate earnings continues to build across the market.
- Extraordinary demand for the iPhone 17 lineup driving record iPhone revenue
- Services revenue reaching new all-time high
- Double-digit revenue growth across every geographic segment
- All-time high installed base of active devices across all major product categories and geographic segments
“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. 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.”
Apple CEO, on the earnings call
AAPL YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $111.2B | $95.4B | +16.6% |
| Gross Profit | $54.8B | $44.9B | +22.1% |
| Operating Income | $35.9B | $29.6B | +21.3% |
| Net Income | $29.6B | $24.8B | +19.4% |
AAPL Revenue by Segment
AAPL Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.