Apple Inc. Reports 17% Revenue Growth to $111.2 Billion in Q2 Fiscal 2026

Apple Inc. reported significant financial performance in its second quarter of fiscal year 2026, with total net sales reaching $111.2 billion, a 17% increase from $95.4 billion in the same quarter of the previous year. The company's net income for the quarter was $29.6 billion, up from $24.8 billion year-over-year, resulting in diluted earnings per share of $2.01, compared to $1.65 in the prior year. For the first half of the fiscal year, Apple generated $254.9 billion in net sales, a 16% increase from $219.7 billion in the first half of fiscal 2025, with net income rising to $71.7 billion from $61.1 billion.

The growth in revenue was primarily driven by a 22% increase in iPhone sales, which totaled $57.0 billion for the quarter, and a 16% rise in services revenue, amounting to $31.0 billion. The company also saw increases in sales across its other product lines, including Mac and iPad, although growth in these categories was more modest. Operating expenses rose to $18.9 billion, a 24% increase from the previous year, largely due to higher research and development costs, which increased by 34% to $11.4 billion.

In terms of operational developments, Apple reported a total of 14.7 billion shares of common stock outstanding as of April 17, 2026. The company has continued to expand its market presence, particularly in Greater China, where net sales increased by 28% year-over-year. The Americas and Europe also contributed to the growth, with net sales rising by 12% and 15%, respectively. The company’s gross margin improved to 49.3% for the quarter, up from 47.1% in the prior year, reflecting a favorable product mix and currency strength.

Looking ahead, Apple anticipates continued growth despite potential challenges from macroeconomic conditions, including inflation and supply chain constraints. The company has announced several new product launches, including the iPhone 17e and updated MacBook models, which are expected to drive further sales. Additionally, Apple has authorized a new share repurchase program of up to $100 billion, signaling confidence in its financial position and commitment to returning value to shareholders. The company remains focused on navigating the evolving market landscape while maintaining its competitive edge in technology and services.