Apple Q2 Earnings Highlights
Apple reported a revenue increase of 17% year-over-year, totaling $111.2 billion for its fiscal second quarter ending March 28, 2026. Earnings per share rose by 22%, driven largely by a 22% surge in iPhone revenue, which reached $57 billion. The company’s services business also demonstrated strong growth, yielding nearly $31 billion in revenue—up 16% from the previous year.
While Apple focused on growth without significant capital expenditures, spending only about $4.3 billion in the first two quarters of fiscal 2026, other major tech players like Alphabet and Amazon announced substantial increases in their capital expenditure budgets, exceeding half a trillion dollars collectively. Despite this, Apple maintained a strong position in the market, with revenue in Greater China jumping 28% to $20.5 billion.
Looking ahead, Apple projected Q3 revenue growth of 14% to 17%, surpassing Wall Street expectations of around 10%. The continuation of strong revenue momentum, coupled with a robust services segment, positions Apple favorably as it navigates the competitive landscape.
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