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Apple AAPL Q2 2026 earnings

Reported April 30, 2026 · After market close

Revenue$111.18BBeat by $1.7B
EPS$2.01Beat by $0.09
Revenue estimate$109.46B
EPS estimate$1.92
“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, 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. That included the addition of the iPhone 17e and the M4-powered iPad Air, along with the launch of MacBook Neo, which is captivating customers all around the world.”
Tim Cook

Next report

Nov 2, 2026 (In 3 weeks)
Revenue estimate$113.37B
EPS estimate$1.99

Financials

Q2 2026

Income statement

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Revenue$111.18B+16.6%
Gross profit$54.8B+22.1%
Operating income$35.9B+21.3%
Net income$29.6B+19.4%
EPS (diluted)$2.01+21.8%

Balance sheet

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Cash & equivalents$45.6B+61.8%
Total debt$82.7B-10.3%
Total equity$106.49B+59.4%
Total assets$371.08B+12.0%

Cash flow

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Operating cash flow$28.7B+19.8%
CapEx$2.0B-35.8%
Free cash flow$26.7B+28.0%

Valuation & ratios

Valuation

as of 03/28/26
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Market cap$3.73T+11.7%
Enterprise value$3.76T+10.6%
P/E30.4×-3.9×
P/S8.3×-0.1×

Profitability

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Gross margin47.9%+1.2pp
Operating margin32.6%+0.8pp
Net margin27.2%+2.9pp
FCF margin28.6%+4.0pp

Returns & leverage

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Return on equity141.5%+3.5pp
Debt / equity0.8×-0.6×
Current ratio1.1×+0.2×

Segments

By segment

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Americas$45.1B+11.9%
Europe$28.1B+14.7%
Greater China$20.5B+28.1%
Rest of Asia Pacific$9.1B+25.3%
Japan$8.4B+15.1%

By product

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iPhone$57.0B+21.7%
Services$31.0B+16.3%
Mac$8.4B+5.7%
Wearables, Home and Accessories$7.9B+5.0%
iPad$6.9B+8.0%

FAQ

When did Apple report Q2 2026 earnings?
Apple (AAPL) reported Q2 2026 earnings on April 30, 2026 after market close.
What were Apple's Q2 2026 revenue and EPS?
Apple reported revenue of $111.18B and eps of $2.01 for Q2 2026.
Did Apple beat estimates in Q2 2026?
Revenue beat the consensus estimate of $109.46B by $1.7B. EPS beat the consensus estimate of $1.92 by $0.09.
How did Apple's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 16.6% from $95.4B a year earlier and eps grew 21.8% from $1.65.
Where can I find Apple's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000320193-26-000011) and the 10-Q periodic report (0000320193-26-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.