Apple Inc.

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.