Apple reports Q2 revenue up 17% YoY to $111.18B, vs. $109.66B est., net income up 19% to $29.6B, and EPS up 22% to $2.01, above $1.95 est.

March quarter records for total company revenue, iPhone revenue, and EPS — Services revenue reaches new all-time high

Apple 2026-04-30

Discussion

@asymco Horace Dediu on x
Mac revenue growth was 6%. Slightly less than I expected.
@munster_gene Gene Munster on x
Overall the Apple numbers looked great. ➡️The stock is down 0.5% which is noise. ➡️The guide is what counts. I expect revenue guide higher than the 9% that the Street is looking for in June. ➡️Revenue growth was 17%, Street looking for 15%. ➡️Mac and iPad better.
@neilcybart Neil Cybart on x
Apple revenue growth by segment: - Americas: +12% - Europe (includes India): +15% - Greater China: +28% - Japan: +15% - Rest of Asia Pacific: +25% Results very clearly show China and emerging markets strength.
@benbajarin Ben Bajarin on x
$AAPL this is a clean beat with broad strength. iPhone +22%, Services +16%, China +28%, gross margin 49.3%, and the $100B buyback. If management's call commentary does not walk down June-quarter expectations, this should read bullish.
@munster_gene Gene Munster on x
Did the iPhone miss? Depends on what number you're looking at. They reported $56.99B, up 22% y/y vs 23%. Factset was at $56.66B Whisper was $57.5B My take: They made the iPhone number. $AAPL
r/wallstreetbets r on reddit
Apple reports earnings and revenue beat, boosted by services business
@mweinbach Max Weinbach on x
Tim Cook just said on earnings they underestimated demand for the MacBook Neo, even they were bullish internally this was just more than expected
@neilcybart Neil Cybart on x
On the call, Apple management commentary implied supply issues (iPhone and Mac) dinged overall revenue growth by at least 200 basis points.
@neilcybart Neil Cybart on x
Let's see how Wall Street analysts handle John Ternus sitting in on the call with Tim Cook and Kevan Parekh. We may be store for some truly bad questions aimed at Ternus (i.e. questions that Apple would never answer on an earnings call). Counter to this is some analysts won't
@munster_gene Gene Munster on x
Tim and John kick off the $AAPL call. John assures investors that he will be thoughtful and deliberate around financial decisions. As for products, he previewed he would not talk about upcoming product details, and says its the most exciting times to build products. My take,
@lexnfx Alexei Oreskovic on x
Memory crunch update from Apple: For the June quarter, we expect significantly higher memory costs. Beyond June quarter we believe memory costs will drive an increasing impact on costs to our business
@munster_gene Gene Munster on x
Cook says the iPhone would have been stronger if not for supply constraints. I'm surprised the stock did not move higher. $AAPL
@vadimyuryev Vadim Yuryev on x
Apple's choice to NOT raise Mac prices to match the rise in memory prices was the right choice.
@neilcybart Neil Cybart on x
Apple's results comfortably beat consensus for both revenue and EPS. Apple revenue came in roughly 1.5% below my estimate as iPhone and Mac supply issues dinged 2Q26 revenue more than I expected.
@htsfhickey Fred Hickey on x
Apple misses iPhone revenue estimates (iPhone revenue: $56.99 billion vs $57.21 billion expected) - not good in a quarter where there was lots of channel filling ahead of likely price hikes. Research house Omdia (today) noted: “Vendor-led front-loading - as Samsung, Apple, and
@munster_gene Gene Munster on x
For the $AAPL call. Revenue guide for June: I expect 10-12% ($104B-$106B) This has been a super cycle. Whats the encore in CY27? Margins: How will the component environment impact margins in the back half? Last quarter, Cook said changes are likely and it's too early to

Chronicles

Apple reports Q2 revenue up 17% YoY to $111.18B, vs. $109.66B est., net income up 19% to $29.6B, and EPS up 22% to $2.01, above $1.95 est.

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Discussion