- Reports Q2 revenue of $111.2 billion, beating consensus of $109.5 billion.
- iPhone sales jump 22% to a record $57 billion despite supply constraints.
- Services division grows to an all-time high of $30.98 billion.
Back
Back
Apple Revenue Surges 16% to $111.2 Billion on Record iPhone Sales
(P1: Lede) Apple Inc. reported record fiscal second-quarter revenue of $111.2 billion, a 16 percent year-over-year increase that topped Wall Street estimates, driven by exceptionally strong demand for its iPhone 17 lineup.
(P2: Authority) "Today Apple is proud to report our best March quarter ever, with double-digit growth across every geographic segment," CEO Tim Cook said in a statement. "iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup."
(P3: Details) The Cupertino, California-based technology giant posted earnings per share of $1.95, in line with analyst expectations. The performance was led by the iPhone, which generated $57 billion in sales, a 22 percent annual jump and well ahead of the $56.5 billion consensus. Apple’s high-margin Services segment, which includes the App Store and subscription services, also set a new all-time record with $30.98 billion in revenue.
(P4: Nut Graf) The strong results come just months before CEO Tim Cook is set to step down in September, handing over leadership to current hardware chief John Ternus. Investors are closely watching how the company navigates this transition and its forthcoming AI strategy, expected to be a key focus at its Worldwide Developers Conference in June.
Segment Strength Beyond iPhone
Beyond the headline iPhone numbers, Apple saw solid contributions from its other hardware divisions despite ongoing supply chain pressures. Mac revenue rose to $8.4 billion, boosted by the recent launch of a budget-friendly MacBook Neo. iPad sales reached $6.91 billion for the quarter.
The results underscore Apple's ability to manage its supply chain and maintain pricing power, even as component shortages affect the broader industry. Data from Counterpoint Research showed iPhone shipments in China grew 20 percent year-over-year, gaining market share while the overall market contracted.
What's Next
The record-setting quarter reinforces the strength of Apple's product ecosystem and its growing services business. Investors will now look toward the company's Worldwide Developers Conference in June for details on its AI integration plans, particularly for its Siri assistant, and for any updates on guidance for the upcoming quarter.
This article is for informational purposes only and does not constitute investment advice.
[1] Apple Tops Wall Street Forecasts With Best March Quarter Ever, Services Revenue Passes $30 Billion[2] Apple’s iPhone revenue jumps to $57 billion despite chip shortages[3] Here’s how to listen live to Apple’s Q2 2026 earnings call[4] Apple stock rises ahead of earnings as CEO shift, AI plans loom[5] Apple Reports Q2 2026 Revenue of $111.2 Billion
