Apple Inc. (AAPL) reported second-quarter fiscal 2026 earnings of $2.01 per share, a 21.8% increase year over year, and revenue of $111.18 billion, up 16.6% and surpassing the Zacks Consensus Estimate by 2.3%. Notably, iPhone sales reached $56.99 billion, representing a 21.7% increase and setting a March quarter record. Overall, Apple’s active device base rose to over 2.5 billion.
Geographically, revenue from Greater China surged 28.1% to $20.497 billion, making up 18.4% of total sales, while the Americas reported $45.09 billion, up 11.9%. Operating expenses rose 23.7% to $18.896 billion, with R&D costs increasing by 33.6%. Apple ended the quarter with $147 billion in cash and returned $15 billion to shareholders.
Looking ahead, Apple anticipates a revenue growth of 14% to 17% for the June quarter, despite ongoing supply constraints, particularly with some MacBook models. The company also announced a leadership transition, with Tim Cook set to take on the role of executive chairman on September 1, 2026.
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