Apple has announced its financial results for the second fiscal quarter of 2026, marking a record-breaking performance with revenues of $111.2 billion and a net profit of $29.6 billion, translating to $2.01 per diluted share. This is a significant increase from the previous year’s quarter, which saw revenues of $95.4 billion and a net profit of $24.8 billion, or $1.65 per diluted share. The quarter witnessed record highs in services revenue, overall company revenue, earnings per share, and iPhone revenue. The gross margin improved to 49.3 percent from the previous year’s 47.1 percent. Apple’s board has approved an additional $100 billion for share repurchases and announced a dividend increase to $0.27 per share, payable on May 14 to shareholders registered by May 11. CEO Tim Cook expressed pride in achieving the best March quarter ever, highlighting the exceptional demand for the iPhone 17 lineup and the launch of new products like the iPhone 17e, M4-powered iPad Air, and MacBook Neo. Apple is set to live stream its fiscal Q2 2026 financial results conference call at 2:00 p.m. Pacific time.
Did Apple achieve record-breaking profits in 2Q 2026?
