Apple Q2 2026 earnings jump on strong iPhone sales

Apple com

April 30, 2026 – Apple Inc. on Thursday reported strong financial results for its fiscal second quarter of 2026, posting significant growth in revenue, profit, and key product segments.

The tech giant reported quarterly revenue of $111.2 billion for the period ending March 28, marking a 17% increase year over year. Earnings per diluted share rose 22% to $2.01, while net income climbed to $29.58 billion compared to $24.78 billion in the same quarter last year.

Sales growth was broad-based across Apple’s product and services portfolio. iPhone revenue surged to $56.99 billion from $46.84 billion a year earlier, reflecting strong demand for the latest devices. Services revenue also saw robust growth, rising to $30.98 billion from $26.65 billion.

Mac sales increased to $8.4 billion from $7.95 billion, while iPad revenue reached $6.91 billion, up from $6.4 billion. Meanwhile, the Wearables, Home and Accessories segment posted revenue of $7.9 billion, compared with $7.52 billion a year ago.

Geographically, Apple recorded notable gains in the Greater China region, where net sales rose to $20.5 billion from $16 billion, according to the company’s financial statement.

Commenting on the results, Tim Cook said the company achieved its best-ever March quarter, driven by double-digit growth across all geographic segments. He highlighted record iPhone revenue during the quarter, supported by strong demand for the latest lineup.

In addition to strong earnings, Apple’s board of directors approved a cash dividend of $0.27 per share, representing a 4% increase. The dividend will be paid on May 14, 2026, to shareholders on record as of May 11, 2026. The board also authorized a new share repurchase program of up to $100 billion, signaling continued confidence in the company’s financial strength and long-term growth prospects.