Tech giant Apple delivered its best March quarter ever, announcing fiscal second-quarter revenue of $111.2 billion, a 17% increase from the year-ago period and comfortably surpassing Wall Street expectations of approximately $109.6–109.7 billion.
The company also reported diluted earnings per share (EPS) of $2.01, up 22% year-over-year and beating analyst estimates of around $1.96. Net income for the quarter reached $29.58 billion.
Speaking on the report, Apple CEO Tim Cook said,
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“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. iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup. During the quarter, Services achieved yet another all-time record, and we were excited to introduce remarkable new products to our strongest lineup ever. That included the addition of the iPhone 17e and the M4-powered iPad Air, along with the launch of MacBook Neo, which is captivating customers all around the world.”
Also commenting, Kevan Parekh, Apple’s CFO said,
“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. 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.”
Key Segment Highlights
iPhone: Revenue hit a March-quarter record of $56.99 billion, fueled by what CEO Tim Cook called “extraordinary demand” for the iPhone 17 lineup.
Services: Continued its strong momentum with a new all-time high of approximately $30.98 billion.
Other Products: Mac, iPad, and Wearables segments also contributed to broad-based growth, with recent launches including the iPhone 17e, M4-powered iPad Air, and the new MacBook Neo receiving positive customer response.
Apple achieved double-digit revenue growth across every geographic segment, including a notable recovery and strong performance in Greater China. In light of the robust results, Apple’s board of directors raised the quarterly dividend by 4% to $0.27 per share, payable on May 14, 2026 to shareholders of record as of May 12, 2026.
Notably, the tech giant has also authorized an additional $100 billion share repurchase program, underscoring management’s confidence in the business and commitment to returning capital to investors.
Apple shares rose in after-hours trading following the earnings release as investors welcomed the solid beat and aggressive capital return announcements.
This performance highlights Apple’s continued ability to drive growth through its premium hardware ecosystem and high-margin services business, even amid a competitive market and occasional supply constraints.