Dubai, UAE — April 2026 — Apple Inc. announced financial results for its fiscal 2026 second quarter, posting the best March quarter in the company’s history with revenue of $111.2 billion — a 17 percent increase from $95.4 billion in the same period last year.
The results, driven by extraordinary demand for the new iPhone 17 lineup and record-breaking Services performance, handily exceeded analyst expectations and sent Apple shares higher in after-hours trading.
“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,” said Tim Cook, Apple’s CEO.
“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,” he added.
iPhone revenue surged to $57.0 billion during the quarter, up from $46.8 billion a year ago — a nearly 22 percent jump that underscores the success of Apple’s latest smartphone generation. For the six-month period, iPhone sales reached $142.3 billion, compared to $116 billion in the prior year.
Services revenue, which includes the App Store, Apple Music, iCloud, and Apple Pay, hit an all-time quarterly record of $31.0 billion, rising from $26.6 billion in the year-ago quarter — a 16 percent increase.
Mac revenue climbed to $8.4 billion from $7.9 billion, while iPad generated $6.9 billion, up from $6.4 billion. Wearables, Home, and Accessories posted $7.9 billion, compared to $7.5 billion last year.
Net income for the quarter came in at $29.6 billion, or $2.01 per diluted share, up from $24.8 billion, or $1.65 per diluted share, a year earlier. Analysts had been expecting earnings of around $1.88 per share, according to consensus estimates.
“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,” said Kevan Parekh, Apple’s CFO. “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.”
The company generated $82.6 billion in operating cash flow over the first half of fiscal 2026, a dramatic increase from $53.9 billion in the same period last year.
