Apple has released its financial performance report for the second quarter of the 2026 fiscal year, which concluded on March 28.
In a press release, Apple reported revenue of USD 111.2 billion and a diluted earnings per share of USD 2.01, representing a year-over-year increase of 17% and 22%, respectively.
Tim Cook announced that the company had its best-ever March quarter, driven by iPhone sales, all-time high Services revenue, and the successful launch of the MacBook Neo and M4-powered iPad Air.
Meanwhile, Apple CFO Kevan Parekh highlighted that the quarter’s strong performance generated over $28 billion in operating cash flow, setting new March records for both cash flow and earnings per share.
Apple’s product sales accounted for USD 80.2 billion in revenue, while its Services division contributed an additional USD 31 billion. The iPhone alone generated USD 57 billion in revenue. The company reported double-digit iPhone growth across several markets, including the US, Western Europe, India, Japan, Greater China, and Southeast Asia.
According to Apple, this makes the iPhone 17 lineup the company’s most popular to date. The current lineup consists of five models, including iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, iPhone 17e, and iPhone Air.
On the other hand, Mac sales accounted for USD 8.4 billion and iPad revenue reached USD 6.9 billion, while the Wearables, Home, and Accessories category contributed an additional USD 7.9 billion.
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