Apple Inc. (NASDAQ: AAPL) reported higher sales and profit for the second quarter of fiscal 2026, reflecting continued strong demand for iPhone. Both revenue and earnings exceeded analysts’ forecasts.
The tech giant’s net sales for the second quarter rose to $111.2 billion from $95.4 billion in the comparable quarter of fiscal 2025, exceeding consensus estimates. Sales of iPhone increased 22% YoY during the three months.
Second-quarter earnings, on a per-share basis, rose to $2.01 from $1.65 in the prior-year quarter. The latest number came in above the market’s expectations. Net income was $29.6 billion in Q2, compared to $24.8 billion in the year-ago period.
Apple’s CEO Tim Cook said, “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.”
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