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Apple Q2 2026: Record Revenue, New iPhone 17e, $100B Share Buyback

TechPowerUp News •
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Apple delivered a record‑breaking March quarter, reporting $111.2 billion in revenue and a 17 % jump year over year. CEO Tim Cook credited the surge to relentless demand for the iPhone 17 lineup, while services hit another all‑time high. The company also unveiled new products, including the iPhone 17e and the M4‑powered iPad Air launch to customers.

Financially, the quarter yielded diluted EPS of $2.01, up 22 % YoY, and generated more than $28 billion in operating cash flow, setting new records. CFO Kevan Parekh highlighted robust demand across all major product categories, pushing the company’s active device base to a new all‑time high and reinforcing the strength of its ecosystem for global customers.

Dividend policy saw a modest jump, with the board approving a $0.27 per share payout—4 % higher than the prior year—payable May 14 to shareholders of record as of May 11. The board also green‑lit a $100 billion share‑repurchase program, signaling confidence in long‑term shareholder value and a bullish outlook on cash reserves for future investments growth.

Apple’s quarterly haul underscores the brand’s ability to maintain growth amid a competitive smartphone market. The introduction of the iPhone 17e and M4‑powered iPad Air, combined with record services revenue, positions Apple to dominate both hardware and subscription ecosystems. The move also cements its status as a benchmark for profitability in the consumer‑tech sector today.