Apple Reports Strong Financial Performance in Q2 2026
Apple Inc. (NASDAQ: AAPL) achieved record revenue of $111.2 billion in its fiscal second quarter of 2026, reflecting a 17% year-over-year increase, along with earnings per share of $2.01, up 22% from the previous year. The iPhone revenue also soared 22% to a record $57 billion, driven primarily by the iPhone 17 series, as the company reported double-digit revenue growth across all geographic segments, including a notable 28% rise in Greater China.
The company’s services business hit an all-time revenue high of nearly $31 billion, growing 16% year-over-year, and is now projected to run at an annual revenue rate of approximately $124 billion. Apple’s active device base exceeded 2.5 billion, reflecting a strong ecosystem that supports recurring revenue from services. CEO Tim Cook highlighted India as a significant growth opportunity as the country’s smartphone penetration remains low, despite it being the second largest smartphone market globally.
As of now, Apple has a market capitalization around $4.4 trillion, with shares up more than 40% over the past 12 months, trading at approximately $300. With a price-to-earnings ratio of about 35, analysts suggest that while Apple shares are currently expensive, the company’s long-term growth potential remains strong, especially with emerging markets and an evolving AI-driven product lineup.
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