Apple second quarter results show the company posted quarterly revenue of $111.2 billion, up 17 percent year over year, with diluted earnings per share reaching $2.01, up 22 percent compared to the same period last year. The March quarter marks a record for total company revenue, iPhone revenue, and earnings per share.
Services revenue achieved a new all-time high during the quarter. iPhone revenue set a March quarter record, driven by customer demand for the iPhone 17 lineup. The company introduced several new products during the period, including the iPhone 17e, M4-powered iPad Air, and MacBook Neo.
Apple Second Quarter Results Performance
Tim Cook, Apple’s Chief Executive Officer, said the company delivered its best March quarter performance. “Revenue of $111.2 billion and double-digit growth across every geographic segment demonstrates strong customer demand,” Cook stated. The iPhone 17 lineup fueled the company’s smartphone revenue, while Services achieved another record high during the quarter.
Apple’s Services business continues to expand, reaching new heights in customer engagement and recurring revenue. This performance reflects the company’s strategy to build services as a sustainable revenue stream alongside hardware sales.
Cash Flow and Shareholder Returns
Apple generated over $28 billion in operating cash flow during the March quarter. This performance drove new March quarter records for both operating cash flow and earnings per share. Kevan Parekh, Apple’s Chief Financial Officer, noted that continued strong customer demand helped achieve a new all-time high for the company’s installed base of active devices across major product categories and geographic segments.
The company’s board of directors declared a cash dividend of $0.27 per share, representing a 4 percent increase. The dividend is payable on May 14, 2026, to shareholders of record as of May 11, 2026. Additionally, the board authorized a stock repurchase program of up to $100 billion.
Product Lineup Expansion
Apple introduced a series of products during the quarter that contributed to its financial performance. The iPhone 17e joined the iPhone 17 lineup, while the M4-powered iPad Air represented an update to the tablet category. The MacBook Neo launch added a new product to Apple’s computing portfolio. These releases supported the company’s overall revenue growth and market position.
Geographic Growth and Future Outlook
Apple achieved double-digit growth across every geographic segment during the quarter. This broad-based performance indicates strong international demand for the company’s products and services. The installed base of active devices reached new heights, providing a foundation for future Services expansion and hardware upgrades.
The company’s financial performance in the March quarter reflects sustained customer demand and successful product execution. With Services at record levels and the device installed base growing, Apple maintains momentum heading into the remainder of fiscal 2026.
