Apple’s Q2 FY2026 Financial Highlights
Apple (NASDAQ: AAPL) reported earnings for its second fiscal quarter of 2026 on April 30, revealing a quarterly dividend increase of 4% to $0.27 per share and the authorization of a $100 billion share repurchase program. The company’s earnings per share were $2.01, exceeding Wall Street estimates by $0.06, while revenue surpassed $111 billion, beating projections by over $1.5 billion.
However, iPhone revenue fell short of predictions, totaling nearly $57 billion. Despite a robust start for the iPhone 17 earlier in the year, analysts attributed early demand to pent-up sales rather than performance of the new model. In contrast to competitors in the “Magnificent Seven,” who are ramping up investments in artificial intelligence, Apple has spent only $4.3 billion in capital expenditures in the first half of the fiscal year but has repurchased nearly $37 billion in stock and distributed approximately $7.7 billion in dividends.
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