Apple delivered a stronger‑than‑expected set of Q2 2026 results, easing market concerns ahead of Tim Cook’s departure later this year.
Revenue
Revenue rose 17% to $111.18 billion, beating forecasts, while earnings per share reached $2.01. Services once again proved Apple’s most reliable growth engine, climbing to nearly $31 billion and helping push gross margin to 49.3%.
Apple’s China revenue for Q2 2026 was reported as $20.5 billion, up from $16 billion a year earlier — a 28 % increase.
Hardware
Hardware performance was mixed: iPhone sales narrowly missed expectations, though Mac, iPad and wearables all came in ahead of consensus. Apple also reportedly authorised a further $100 billion in share buybacks and raised its dividend by 4%.
Constraints
Cook acknowledged ongoing supply constraints driven by the global memory shortage, warning that higher component costs will increasingly shape the company’s outlook.
Investors also heard from incoming CEO John Ternus, who promised an “incredible roadmap” as Apple deepens its investment in AI and prepares for its next phase of product development.