Apple posts record $29.6 billion profit in Q2, revenue hits $111.2 billion

Apple has published its financial results with net profit rising to a record $29.6 billion, or $2.01 per share, for the second quarter of fiscal year 2026, corresponding to the first calendar quarter.

Its revenue reached $111.2 billion, Caliber.Az reports, citing MacRumors.

In the same period a year earlier, the company reported $95.4 billion in revenue and $24.8 billion in profit.

It said the quarter marked record results for the March period in terms of revenue, earnings per share, and iPhone sales income.

Services revenue also reached an all-time high, while gross margin stood at 49.3%, compared with 47.1% a year earlier.

The board of directors approved an additional $100 billion share buyback programme and increased the dividend to $0.27 per share from $0.26.

Payments are scheduled for May 14 for shareholders of record as of May 11.

“Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment," said Tim Cook, Apple's CEO.

According to him, iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup.

“During the quarter, Services achieved yet another all-time record, and we were excited to introduce remarkable new products to our strongest lineup ever,” he added.

By Bakhtiyar Abbasov