Apple shares climb more than 3% higher this morning after the company announced its fiscal 2026 second-quarter financial results exceeded analysts’ expectations for earnings and revenue. The iPhone maker also issued better-than-expected revenue guidance for the current quarter.
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.
iPhone revenue came in at $56.99 billion, a more than 20% revenue growth in the segment.
Services, generated revenue of $30.97 billion versus an expected $30.37 billion.
Mac revenue reached $8.39 billion.
Tim Cook, Apple’s CEO, told investors, “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.”
Kevan Parekh, Apple’s CFO, said, “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. 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.”
During an earnings call, Cook called the iPhone 17 the “most popular lineup in our history,” noting that overall revenue exceeded estimates “despite supply constraints.”
By CEO NA Editorial Staff
