Apple Inc (NASDAQ:AAPL) turned in financial results for the second quarter of fiscal 2026 Thursday after the closing bell. Here’s a rundown of the iPhone maker’s report.
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Apple Q2 Highlights
Apple reported fiscal second-quarter revenue of $111.18 billion, beating analyst estimates of $109.66 billion. The Cupertino-based company reported earnings of $2.01 per share for the quarter, beating analyst estimates of $1.94 per share, according to Benzinga Pro.
Revenue was up 17% year-over-year, and earnings per share climbed 22% year-over-year. Americas sales totaled $45.09 billion in the quarter, Europe sales came in at $28.06 billion, Greater China sales were approximately $20.50 billion, Japan sales totaled $8.40 billion and the rest of Asia Pacific sales were $9.14 billion.
Product revenue came in at $80.21 billion, up from $68.71 billion year-over-year. Services revenue totaled $30.98 billion, up from $26.65 billion year-over-year. Here’s a breakdown of product sales by category.
- iPhone: $56.99 billion, versus $46.84 billion last year
- Mac: $8.40 billion, versus $7.95 billion last year
- iPad: $6.91 billion, versus $6.40 billion last year
- Wearables, Home and Accessories: $7.90 billion, versus $7.52 billion last year
Apple said its active installed base of devices hit another all-time high across all major product categories and geographic segments.
“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,” said Tim Cook, CEO of Apple. “iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup.”
Apple exited the quarter with $45.57 billion in cash and cash equivalents. The company’s board declared a quarterly cash dividend of 27 cents per share, up 4%. The increased dividend is payable on May 14 to shareholders of record as of May 11.
Apple’s board also authorized an additional share repurchase program of up to $100 billion of the company’s common stock.
Apple executives will discuss the quarter on an earnings call at 5 p.m. ET. Apple usually provides commentary on the call regarding how it expects different product lines to perform in the near term.
AAPL Stock Moves Lower After Earnings
AAPL Price Action: Apple shares were down 0.50% in after-hours, trading at $269.98 at the time of publication on Thursday, according to Benzinga Pro. Apple stock was approximately flat year-to-date heading into the print.
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