In Q2 results, Apple Inc. (AAPL) reported record revenue of $109.4 billion, marking a 16% year-over-year growth, with an adjusted EPS of $2.02, a 29% increase. Revenue from the iPhone reached $54.3 billion, up 21.6% year-over-year, while services revenue totaled $30.7 billion, reflecting a 12% increase.
Microsoft Corporation (MSFT) also exceeded expectations, posting an 18% growth in overall sales and a 23% rise in earnings. Notably, its Intelligent Cloud revenue, which includes the Azure platform, hit $39.3 billion with a 32% year-over-year increase, indicating strong momentum in their AI investments.
NVIDIA Corporation (NVDA) is the final member of the “Magnificent Seven” to report its Q2 results, scheduled for August 26th.
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