Key Points
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Apple’s board approved a $100 billion share repurchase program and raised dividends by 4%.
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Apple reported a fiscal Q2 revenue increase of 17% year-over-year, reaching over $82 billion in operating cash flow.
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Capital expenditures for the first half of fiscal 2026 totaled $4.3 billion, significantly lower than other big tech rivals.
Apple Inc. (NASDAQ: AAPL) recently announced a new $100 billion share repurchase program alongside its fiscal second-quarter results for 2026, which reflect a strong financial performance. The company’s revenue surged by 17% year-over-year, reaching a record high for the quarter. Notably, operating cash flow exceeded $82 billion, with just $4.3 billion allocated for capital expenditures in the first half of fiscal 2026.
Fiscal Q2, ending March 28, 2026, marked a pivotal time for Apple, as iPhone revenue increased about 22% to $57 billion, while the services segment also grew by 16% to $31 billion. The company observed substantial growth in Greater China, with revenue climbing 28% to $20.5 billion. Management projects fiscal Q3 revenue growth of 14% to 17% year-over-year, despite anticipated increases in memory costs.
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