Apple released its Q2 2026 earnings report, reporting $111.2 billion in revenue, a 17% increase year over year, exceeding market expectations. The company’s net profit was $29.58 billion, with earnings per share at $2.01, surpassing the projected $1.94 EPS and $109.73 billion revenue. Revenue breakdowns showed iPhone revenue at $56.99 billion, Mac revenue at $8.40 billion, and Services revenue hitting another record with $30.98 billion.

Apple had anticipated Q2 revenue growth between 13% and 16% during Q1 2026, so the actual results exceeded that range. CEO Tim Cook highlighted the best March quarter ever, driven by iPhone 17 lineup demand, while CFO Kevan Parekh noted over $28 billion in operating cash flow and new records for installed active devices across categories.

The company introduced new products including the iPhone 17e, M4-powered iPad Air, and MacBook Neo, which are gaining global traction. This revenue growth and product expansion underscore Apple’s continued dominance in the tech sector, with strong customer demand fueling its financial performance.