Apple Reports Record Q2 Revenue of $111.18B, Up 17% Year-Over-Year

Apple announced record-breaking financial results for its second quarter of 2026, with revenue reaching $111.18 billion, a 17% increase year-over-year that exceeded Wall Street estimates of $109.66 billion.

Key Financial Highlights

• Revenue: $111.18 billion (up 17% YoY, vs. $109.66B estimated)
• Net Income: $29.6 billion (up 19% YoY)
• Earnings Per Share: $2.01 (up 22% YoY, vs. $1.95 estimated)
• Services Revenue: Reached new all-time high

The company achieved March quarter records for total company revenue, iPhone revenue, and earnings per share.

iPhone 17 Drives Growth

CEO Tim Cook highlighted exceptional demand for the iPhone 17, describing it as "off the charts" and the "most popular" iPhone ever. However, supply constraints impacted sales despite the overwhelming demand.

Strong Performance Across Markets

Apple reported particularly strong sales in China and across its services division, which reached an all-time revenue high. The company's active installed base also hit a new record.

Market Response

The earnings beat sent Apple shares higher in after-hours trading, with analysts praising the company's ability to exceed consensus estimates once again. The results represent what Apple called "our best March quarter ever."

The strong performance comes as Apple continues to navigate supply chain challenges while meeting unprecedented demand for its latest iPhone model.