--- title: "Apple's Q2 revenue and profit both exceeded expectations: iPhone 17 performed strongly, and the better-than-expected guidance helped the stock price rise in after-hours trading" type: "News" locale: "en" url: "https://longbridge.com/en/news/284851916.md" description: "Apple Inc. achieved revenue of $111.18 billion in the second fiscal quarter of fiscal year 2026, a year-on-year increase of 17%, exceeding market expectations. Net profit was $29.58 billion, a year-on-year increase of 19%, with earnings per share of $2.01, also above expectations. The iPhone 17 series performed strongly, with quarterly revenue of $56.99 billion, and the services business reached a record high, generating revenue of $30.01 billion. Revenue from the Greater China region was $25.50 billion, reversing the declining trend. The overall gross margin reached 49.3%, demonstrating strong profitability" datetime: "2026-05-01T00:03:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284851916.md) - [en](https://longbridge.com/en/news/284851916.md) - [zh-HK](https://longbridge.com/zh-HK/news/284851916.md) --- # Apple's Q2 revenue and profit both exceeded expectations: iPhone 17 performed strongly, and the better-than-expected guidance helped the stock price rise in after-hours trading According to Zhitong Finance APP, Apple Inc. (AAPL.US) released its financial performance report for the second quarter of fiscal year 2026 after the market closed on April 30 (Thursday) Eastern Time. The report shows that Apple achieved total revenue of $111.18 billion in the quarter, a significant year-on-year increase of 17%, far exceeding Wall Street analysts' previous forecast of $109.66 billion. This growth momentum primarily stems from explosive demand for the iPhone 17 series in the global market and a strong recovery in the Mac business. In terms of profit performance, Apple also set a historical record for the March quarter, with net profit reaching $29.58 billion, a year-on-year increase of 19%; diluted earnings per share (EPS) were $2.01, up 22% from the same period last year, significantly higher than the market's general expectation of $1.95. Meanwhile, the company's gross margin climbed to 49.3%, demonstrating strong profitability. By product line, the iPhone business remains Apple's core growth engine, with quarterly revenue recorded at $56.99 billion, an increase of about 24% from $45.96 billion in the same period last year. Management pointed out that the iPhone 17 series has become the most popular model for the company during this period in its history. The services business also performed well, with revenue reaching $30.01 billion, setting a new historical high, and its high gross margin of over 70% continues to optimize the company's overall profit structure. Additionally, the Mac business rebounded to $8.4 billion driven by updates to the M-series chips, while the iPad business achieved revenue of $6.91 billion, a year-on-year increase of about 24% due to demand for new models. The wearables, home, and accessories business maintained steady performance with revenue of $7.9 billion. In terms of global regional market distribution, the performance rebound in Greater China became a highlight of this financial report. Revenue in this region reached $25.5 billion, successfully reversing the previous downward trend and achieving double-digit percentage growth. Cook emphasized a strong optimistic outlook for the long-term performance in the Chinese market during the conference call. Meanwhile, the Americas and European markets remained solid, contributing revenues of $45.09 billion and $28.06 billion, respectively. In cash flow management and shareholder returns, Apple's board approved an additional stock repurchase plan of up to $100 billion and raised the quarterly dividend by 4% to $0.27 per share, fully demonstrating management's strong confidence in future cash flows. In addition to the financial data itself, the release of this financial report was accompanied by important announcements regarding the company's future strategy and leadership transition. Apple announced that current hardware chief John Ternus will officially succeed Tim Cook as CEO in September 2026, while Cook will transition to executive chairman. This change marks the beginning of a new management era for Apple. In terms of business outlook, although Apple expects revenue for the third quarter to maintain a high growth guidance of 14% to 17%, it also issued a warning about supply chain challenges, particularly the shortage of storage chips caused by the surge in global AI demand, which may impose certain limitations on future hardware supply Cook also confirmed the company's deep layout in the field of artificial intelligence, including the recent acquisition of the AI startup Q.ai, and plans to introduce more intelligent services in subsequent applications to further drive revenue growth. After the earnings report was released, Apple's stock price, which rose over 0.4% on Thursday, initially increased slightly in after-hours trading but then turned to decline, at one point dropping over 1%. During the earnings call, Apple executives revealed that revenue for the third fiscal quarter is expected to grow by 14%-17% year-on-year, significantly exceeding analysts' expected growth of 9.1%. Subsequently, Apple's stock price rose and turned positive, at one point increasing over 4% in after-hours trading, and as of the time of writing, it was up 2.03% in after-hours ### Related Stocks - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [RSPT.US](https://longbridge.com/en/quote/RSPT.US.md) - [AAPB.US](https://longbridge.com/en/quote/AAPB.US.md) - [AAPD.US](https://longbridge.com/en/quote/AAPD.US.md) - [AAPU.US](https://longbridge.com/en/quote/AAPU.US.md) - [IGV.US](https://longbridge.com/en/quote/IGV.US.md) - [AAPX.US](https://longbridge.com/en/quote/AAPX.US.md) - [XSW.US](https://longbridge.com/en/quote/XSW.US.md) - [AAPY.US](https://longbridge.com/en/quote/AAPY.US.md) - [APLY.US](https://longbridge.com/en/quote/APLY.US.md) ## Related News & Research - [GLOBAL MARKETS-Asia shares find relief in tech resilience, oil off peak](https://longbridge.com/en/news/284856237.md) - [LIVE MARKETS-Magnificent Seven earnings flood awaits as MAGS ETF rides into resistance](https://longbridge.com/en/news/284221372.md) - [Apple TV’s new horror series is scarier because it’s also hilarious](https://longbridge.com/en/news/284428344.md) - [BUZZ-Street View: Azure gains keep Microsoft bulls onside despite capex overhang](https://longbridge.com/en/news/284724200.md) - [Apple Inc. $AAPL Shares Sold by Fiduciary Alliance LLC](https://longbridge.com/en/news/284517399.md)