Apple Reports Record Q2 2026 Revenue of $111.18B, Beating Estimates with Strong iPhone Sales

Apple has announced its Q2 2026 financial results, posting record-breaking revenue of $111.18 billion, representing a 17% year-over-year increase that exceeded Wall Street estimates of $109.66 billion.

Key Financial Highlights

• Revenue: $111.18 billion (up 17% YoY, beating $109.66B estimate)
• Net Income: $29.6 billion (up 19% YoY)
• Earnings Per Share: $2.01 (above $1.95 estimate, up 22%)
• March quarter records for total company revenue, iPhone revenue, and EPS
• Services revenue reaches new all-time high

iPhone 17 Drives Strong Performance

The company attributed much of its success to the strong demand for the iPhone 17, which has been described as the "most popular" iPhone ever. The new device helped drive significant growth in iPhone revenue, contributing to what Apple called "our best March quarter ever."

Forward Guidance

Apple provided optimistic guidance for the June quarter, projecting revenue growth of 14% to 17%, indicating continued strong momentum heading into the next quarter.

Active Install Base Hits All-Time High

The company also reported that its active installed base has reached an all-time high, reflecting strong customer retention and ecosystem growth across all Apple devices and services.

The results demonstrate Apple's continued ability to exceed market expectations despite challenging economic conditions, with particular strength in both hardware sales and its growing services business.