NASDAQ$AAPL
Apple · Q2 2026 earnings
Q2 2026 earnings · · After market close · Investor relations
Briefing
Apple reported fiscal Q2 2026 revenue of $111.2B (+17% YoY) and diluted EPS of $2.01, with record March-quarter iPhone revenue and Services at an all-time high.
For the fiscal quarter ended March 28, 2026, Apple posted revenue of $111.2 billion, up 17% year over year, with double-digit growth in every geographic segment. Diluted earnings per share were $2.01, up 22%. iPhone revenue set a March-quarter record at $57.0 billion. Services revenue reached a new all-time high of $31.0 billion. Operating income was $35.9 billion and net income was $29.6 billion. The board declared a $0.27 quarterly dividend (+4%) and authorized an additional $100 billion share repurchase program.
- Total net sales of $111.2B (+17% YoY) with diluted EPS of $2.01 (+22%).
- iPhone revenue of $57.0B set a March-quarter record on iPhone 17 lineup demand.
- Services revenue of $31.0B reached a new all-time high (+16% YoY).
- Operating cash flow exceeded $28B in the quarter; installed base of active devices hit a new record.
- Board authorized up to $100B in additional share repurchases and raised the dividend to $0.27.
Headline financials
Revenue & EPS history
Apple · Revenue · Quarterly
$111B
Revenue by segment
Apple · $111B total across 5 segments · Q2 2026
- Americas$45.1B—40.6%
- Europe$28.1B—25.2%
- Greater China$20.5B—18.4%
- Rest of Asia Pacific$9.14B—8.2%
- Japan$8.4B—7.6%
Forward guidance
Apple did not issue quantitative revenue or EPS guidance in the press release. Capital return plans include a $0.27 quarterly dividend (payable May 14, 2026 to holders of record May 11) and a newly authorized $100 billion share repurchase program.
Tailwinds
- Record March-quarter revenue with double-digit growth in all reported geographic segments.
- Services at an all-time high; installed base of active devices reached a new record across products and regions.
- $100B additional repurchase authorization and 4% dividend increase to $0.27.
- Strong iPhone 17 demand and expanded product lineup including MacBook Neo and iPad Air M4.
Headwinds
- No quantitative near-term revenue or margin outlook provided in the release.
- Macro, trade, and supply-chain risks cited in standard forward-looking cautionary language.
- Product transition and manufacturing complexity remain ongoing operational risks.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2026
+1.2%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+3.7%
Avg return
30 days after
63%
46 / 73 earnings
Positive
+11.8%
Q3 2020
Best reaction
-10.8%
Q1 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +5.4% | +6.0% | +15.0% | |
| Q1 2026 | -0.5% | +7.1% | +2.3% | |
| Q4 2025 | -4.9% | -0.5% | +2.7% | |
| Q3 2025 | -3.8% | +2.7% | +11.8% | |
| Q2 2025 | -3.8% | -8.0% | -5.8% | |
| Q1 2025 | -0.7% | -2.2% | +1.8% | |
| Q4 2024 | -3.1% | -2.9% | +3.1% | |
| Q3 2024 | -1.0% | -6.7% | +3.1% | |
| Q2 2024 | +8.3% | +7.7% | +13.6% | |
| Q1 2024 | +0.8% | +2.7% | -2.6% | |
| Q4 2023 | +1.5% | +4.5% | +9.9% | |
| Q3 2023 | -5.5% | -6.6% | -1.6% | |
| Q2 2023 | +3.7% | +2.6% | +8.1% | |
| Q1 2023 | +6.2% | +6.3% | +3.9% | |
| Q4 2022 | +4.3% | +0.9% | -0.8% | |
| Q3 2022 | +3.6% | +2.1% | +4.4% | |
| Q2 2022 | +0.7% | +1.9% | -4.4% | |
| Q1 2022 | +6.7% | +9.3% | +3.2% | |
| Q4 2021 | +0.6% | +0.8% | +5.3% | |
| Q3 2021 | -2.7% | -2.1% | -1.0% | |
| Q2 2021 | -0.7% | -1.4% | -7.3% | |
| Q1 2021 | -4.2% | -6.3% | -15.3% | |
| Q4 2020 | -2.1% | -0.7% | +4.8% | |
| Q3 2020 | +11.8% | +15.4% | +31.3% | |
| Q2 2020 | +0.5% | +3.4% | +10.5% | |
| Q1 2020 | +5.0% | +0.2% | -11.5% | |
| Q4 2019 | +2.3% | +5.8% | +9.8% | |
| Q3 2019 | +1.6% | -2.7% | -0.3% | |
| Q2 2019 | +2.9% | +3.5% | -12.9% | |
| Q1 2019 | +5.7% | +6.5% | +10.8% | |
| Q4 2018 | -5.2% | -6.9% | -18.4% | |
| Q3 2018 | +6.1% | +9.5% | +18.5% | |
| Q2 2018 | +6.8% | +11.2% | +13.1% | |
| Q1 2018 | -4.1% | -2.6% | +5.2% | |
| Q4 2017 | +3.4% | +4.7% | +2.5% | |
| Q3 2017 | +5.6% | +5.2% | +10.3% | |
| Q2 2017 | +0.3% | +1.6% | +4.5% | |
| Q1 2017 | +5.9% | +6.1% | +14.2% | |
| Q4 2016 | -1.7% | -3.3% | -5.5% | |
| Q3 2016 | +5.8% | +7.1% | +10.5% | |
| Q2 2016 | -6.9% | — | — | |
| Q1 2016 | -6.0% | — | — | |
| Q4 2015 | +3.5% | — | — | |
| Q3 2015 | -5.2% | — | — | |
| Q2 2015 | +0.2% | — | — | |
| Q1 2015 | +1.9% | — | — | |
| Q4 2014 | +4.9% | — | — | |
| Q3 2014 | +3.5% | — | — | |
| Q2 2014 | +6.8% | — | — | |
| Q1 2014 | -7.2% | — | — | |
| Q4 2013 | -1.8% | — | — | |
| Q3 2013 | +3.3% | — | — | |
| Q2 2013 | +1.7% | — | — | |
| Q1 2013 | -10.8% | — | — | |
| Q4 2012 | -2.1% | — | — | |
| Q3 2012 | -4.8% | — | — | |
| Q2 2012 | +6.7% | — | — | |
| Q1 2012 | +4.5% | — | — | |
| Q4 2011 | +1.7% | — | — | |
| Q3 2011 | +2.7% | — | — | |
| Q2 2011 | +3.1% | — | — | |
| Q1 2011 | -2.4% | — | — | |
| Q4 2010 | -0.9% | — | — | |
| Q3 2010 | +2.8% | — | — | |
| Q2 2010 | +8.9% | — | — | |
| Q1 2009 | +4.1% | — | — | |
| Q1 2010 | +4.1% | — | — | |
| Q4 2007 | -5.0% | — | — | |
| Q4 2009 | -5.0% | — | — | |
| Q3 2009 | +4.3% | — | — | |
| Q3 2008 | +4.3% | — | — | |
| Q4 2008 | +4.3% | — | — | |
| Q2 2009 | +4.3% | — | — |
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