Apple Beats Across the Board, iPhone In Line, Services Hits Record
$Apple (AAPL.US)$ delivered a strong FY26 Q2 beat on both revenue and earnings, though shares slipped slightly after hours.
Earnings Snapshot:
Revenue: $111.2B (vs. $109.7B est.)
EPS: $2.01 (vs. $1.96 est.)
iPhone: $57.0B (in line)
Services: $31.0B (beat)
Greater China: $20.5B (vs. $18.9B est.)
CEO Tim Cook highlighted record March-quarter revenue, driven by strong iPhone 17 demand and continued Services growth. Apple also posted record operating cash flow and expanded its installed base to an all-time high.
The company raised its dividend by 4% to $0.27 and authorized a new $100B buyback program.
JPMorgan notes Apple is evolving from an iPhone-driven growth story into a higher-quality compounder led by Services and margins, with upside hinging on sustained margin expansion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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