Apple Q2 – Misryoum reports Apple’s record March-quarter: $111.2B revenue and $29.6B net profit, with Services hitting new highs and a fresh $100B buyback.
Apple’s momentum in the Apple Q2 2026 results is hard to miss, with record revenue and profit figures backed by a strong push from Services.
Misryoum reports that for the second fiscal quarter of 2026, Apple generated $111.2 billion in revenue and $29.6 billion in net quarterly profit.. The company also pointed to double-digit growth across geographic segments and said it set March quarter records for revenue. earnings per share. and iPhone performance.
Apple’s Services business again led the charge, reaching an all-time high during the quarter. At the same time, the company said gross margin rose to 49.3%, up from the year-ago period, reflecting improved performance alongside continued demand.
This matters for the tech industry because recurring revenue tends to smooth earnings cycles, and Apple is leaning further into that stability as its device cadence evolves.
Meanwhile, Apple highlighted a record March quarter for iPhone revenue, which it said was driven by its iPhone 17 lineup. In parallel, it described strong activity across its installed base of active devices and noted that it set records for operating cash flow and customer metrics tied to upgrades.
On the capital return front. Apple’s board authorized an additional $100 billion for share repurchases and increased its dividend to $0.27 per share. with a specified pay date and record date.. Misryoum also notes that the company framed its quarter as the latest proof of demand. even while acknowledging constraints affecting parts of its supply chain.
That supply story is the key nuance: when demand outpaces the ability to deliver, it can cap growth in the short term, but it also signals product pull. In markets where Apple competes on both hardware and ecosystem, those constraints can influence pricing power and timing.
During the earnings discussion, Apple’s leadership also addressed its ongoing transition in executive roles. Misryoum reports that Tim Cook described the planned shift to executive chair while John Ternus was set to join as CEO, alongside CFO Kevan Parekh’s remarks on performance and guidance.
Apple also used the call to spotlight AI as part of its core platform experience, emphasizing on-device processing and privacy.. It positioned Apple Intelligence as integrated across devices and pointed to growing interest from developers building on the company’s hardware and software stack. while also looking ahead to future product and developer events.