Q2 26 EPS
$2.01
BEAT +3.59%
Est. $1.94
Q2 26 Revenue
$111.18B
BEAT +1.46%
Est. $109.58B
vs S&P Since Q2 26
+12.4%
BEATING MARKET
AAPL +16.8% vs S&P +4.3%
Market Reaction
Did AAPL Beat Earnings? Q2 2026 Results
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 e… Read more 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.
Key Takeaways
- • 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
AAPL YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
AAPL Revenue by Segment
With YoY comparisons, source: SEC Filings
AAPL Revenue by Geography
With YoY comparisons, source: SEC Filings
“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.”
— Tim Cook, Q2 2026 Earnings Press Release
AAPL Earnings Trends
AAPL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AAPL EPS Trend
Earnings per share: estimate vs actual
AAPL Revenue Trend
Quarterly revenue: estimate vs actual
AAPL Quarterly Results
9 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.94 | $2.01 | +3.59% | $111.18B | +1.46% |
| Q1 26 BEAT | $2.67 | $2.84 | +6.34% | $143.76B | +3.78% |
| Q4 25 BEAT FY | $1.77 | $1.85 | +4.53% | $102.47B | +0.21% |
| FY Full Year | — | $7.46 | — | $416.16B | — |
| Q3 25 BEAT | $1.43 | $1.57 | +10.12% | $94.04B | +5.47% |
| Q2 25 BEAT | $1.61 | $1.65 | +2.37% | $95.36B | +1.20% |
| Q1 25 BEAT | $2.34 | $2.40 | +2.52% | $124.30B | +0.22% |
| Q4 24 BEAT FY | $1.60 | $1.64 | +2.50% | $94.93B | +0.37% |
| FY Full Year | — | $6.75 | — | $391.04B | — |
| Q3 24 BEAT | $1.35 | $1.40 | +3.70% | $85.78B | +9.83% |
| Q2 24 BEAT | $1.50 | $1.53 | +2.00% | $90.75B | +0.82% |