Apple revenue jumps 17% to $111.2 billion as iPhone and Mac sales surge

Apple announced its Q2 results for fiscal year 2026, reporting quarterly revenue of $111.2 billion for the quarter ended March 28, 2026, marking a 17% year-over-year increase. The company also revealed diluted earnings per share of $2.01, up 22% compared to the same period last year.

Apple reported double-digit growth across regions, with the majority of revenue coming from 
iPhone 17 sales and services business, which includes subscriptions, App Store, iCloud, Apple Music, etc. Apple CEO Tim Cook also highlighted new product launches during the quarter, including iPhone 17e, iPad Air with the M4 chip, and MacBook Neo.

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The company reported generating more than $28 billion in operating cash flow and EPS (earnings per share) from its core business operations during the March quarter. According to Apple’s earnings call, Apple's revenue categories, including iPhones, Macs, and other services, saw year-over-year increases in the quarter. 

The company reported a $57 billion iPhone revenue, marking  21.7% increase. Apple services are up by 16.3% with $31billion in revenue, iPad up by 8% with $6.91 billion in revenue, Mac up by 5.7% with $8.4 billion in revenue, and Wearables, Home and Accessories up 5.0%.

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During the earnings call, Cook highlighted his departure and the trust in Apple’s roadmap for the coming year. “This moment for the transition is the right one for a number of reasons,” Cook said.

“There is no one on this planet I trust more to lead Apple into the future than John Ternus. John is a brilliant engineer, a deep thinker, a person of remarkable character and a born leader. I know he will push us to go further than we think is possible in order to deliver the greatest products and services for our users I have been so proud to call him a colleague and a friend and I will be even more proud to call him Apple CEO.”

Cook further highlighted that he will be working closely with Ternus to ensure a smooth leadership handover. On September 1, he will be moved into the role of Executive Chairman.