Apple posted stronger-than-expected Q2 2026 earnings, reporting $111.2 billion in revenue for its March quarter, beating Wall Street forecasts and setting a new March quarter record for the company.
The company delivered $29.58 billion in net profit and earnings per share of $2.01, both ahead of analyst expectations. Revenue climbed 17% year over year, which pushed Apple beyond its own projected growth range of 13% to 16%. Strong iPhone 17 demand, record Services growth, and expanding product sales across every major category fueled the results.
Full Apple Q2 2026 revenue breakdown
- Total revenue: $111.2 billion
- Net profit: $29.58 billion
- Earnings per share: $2.01
- iPhone revenue: $56.99 billion
- Mac revenue: $8.40 billion
- iPad revenue: $6.91 billion
- Wearables, Home, and Accessories: $7.90 billion
- Services revenue: $30.98 billion
iPhone remained Apple’s biggest growth driver, generating nearly $57 billion and setting a March quarter record despite supply constraints. Services also reached a new all-time high, now making up roughly 28% of Apple’s total quarterly business.
What drove Apple’s strong quarter
CEO Tim Cook credited exceptional demand for the iPhone 17 lineup, alongside newer launches like the iPhone 17e, M4 iPad Air, and MacBook Neo. Apple also reported double-digit growth across all geographic markets, including notable gains in China and India.
CFO Kevan Parekh highlighted more than $28 billion in operating cash flow, record EPS, and continued expansion of Apple’s active device installed base.
For investors and Apple watchers, this report shows Apple’s hardware business remains strong while Services continues becoming an even larger profit engine. With Q3 guidance also coming in above expectations, Apple enters the second half of 2026 with significant momentum.
