Apple has reported its fiscal second quarter 2026 earnings, and the numbers set a new benchmark for the company’s March quarter performance. Revenue reached $111.2 billion, up 17 percent year over year, while net profit climbed to $29.6 billion. Diluted earnings per share came in at $2.01, marking a 22 percent increase compared to the same period last year.
The results reflect strong demand across Apple’s product and services ecosystem, with growth recorded in every geographic segment. This quarter also stands out for setting new March quarter records across total revenue, iPhone revenue, and earnings per share, signaling sustained momentum despite broader market uncertainty.
iPhone remained the primary driver of growth, achieving a record March quarter fueled by demand for the iPhone 17 lineup. Apple also highlighted continued expansion in its Services segment, which reached another all-time high. This includes revenue from subscriptions, the App Store, and cloud offerings, reinforcing how services are becoming a larger part of Apple’s business mix.
New hardware launches also contributed to performance during the quarter. Apple introduced the iPhone 17e, alongside an M4-powered iPad Air and the new MacBook Neo. These additions helped strengthen its product lineup and attract both upgrades and new customers, pushing the company’s installed base of active devices to a new all-time high.
Profitability improved as well, with gross margin rising to 49.3 percent from 47.1 percent a year ago. Apple generated over $28 billion in operating cash flow, setting another March quarter record. This allowed the company to return more value to shareholders through capital allocation.
“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,” said Kevan Parekh, Apple’s CFO. “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.”
Apple announced a dividend increase to $0.27 per share, up from $0.26, with payments scheduled for May 14, 2026. The company also authorized an additional $100 billion in share repurchases, continuing its aggressive buyback strategy.
