The App Economy
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Apple Posts Record Q2 Revenue of $111.2 Billion Driven by iPhone 17 Demand

April 30, 2026
1 source
Apple Newsroom
Apple Posts Record Q2 Revenue of $111.2 Billion Driven by iPhone 17 Demand

Story Summary

Apple reported a record-breaking fiscal 2026 second quarter ending March 28, 2026, with total revenue reaching $111.2 billion, a 17 percent year-over-year increase. Diluted earnings per share rose 22 percent to $2.01, supported by record iPhone revenue and an all-time high in Services. CEO Tim Cook attributed the performance to strong global demand for the iPhone 17 lineup, the new iPhone 17e, M4-powered iPad Air, and the MacBook Neo. CFO Kevan Parekh noted that the company generated $28 billion in operating cash flow, contributing to a record-high installed base of active devices. Consequently, the board declared a 4 percent dividend increase to $0.27 per share and authorized a new $100 billion share repurchase program, signaling continued confidence in Apple’s long-term growth trajectory.

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