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Apple Inc reported fiscal second quarter 2026 results that topped Wall Street expectations for both revenue and earnings. The iPhone maker posted earnings per share (EPS) of $2.01 on revenue of $111.2 billion for the quarter ended March 28, ahead of analyst estimates of $1.96 per share and $109.66 billion in revenue.
Total revenue rose 17% year over year, while diluted EPS increased 22%. Apple said growth was driven largely by stronger iPhone sales, which reached $56.99 billion in the quarter, up from $46.84 billion in the year-ago period.
Apple’s high-margin services segment also outperformed, generating $30.97 billion in revenue compared with estimates of $30.37 billion and up from $26.65 billion in the prior year period.
Despite the overall beat, investor sentiment was weighed down by a miss in Greater China, a key market for Apple. Revenue in the region totaled $16 billion, falling short of consensus estimates of about $16.8 billion.
As a result, shares of Apple fell about 1% following the report.
“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,” Apple CEO Tim Cook said. “iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup.”
Apple’s CFO, Kevan Parekh, said the company achieved 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,” Parekh said.
In addition, Apple’s board declared a cash dividend of $0.27 per share, a 4% increase. The board also authorized an additional share repurchase program of up to $100 billion.
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