"Apple's Q2 fiscal 2026 revenue landed at $111.2 billion, up 17% year-over-year, and management guided Q3 FY2026 to 14% to 17% growth, comfortably above the Street's model."
"CEO Tim Cook declared, '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.'"
"Apple booked iPhone revenue of $56.99 billion, a March-quarter record, with management citing 'extraordinary demand for the iPhone 17 lineup.'"
"The capital return announcement added fuel. Apple's board approved a fresh $100 billion buyback authorization and raised the quarterly dividend 4% to $0.27 per share."
Apple's shares increased by 5% following a strong fiscal Q2 2026 report, with revenue of $111.2 billion, a 17% year-over-year increase. The company provided bullish guidance for Q3, expecting 14% to 17% growth. iPhone revenue reached a record $56.99 billion, driven by high demand for the iPhone 17. Services revenue also hit an all-time high at $30.98 billion. Apple announced a $100 billion buyback and a 4% increase in dividends, enhancing shareholder value amid a $4.16 trillion market cap.
Read at 24/7 Wall St.
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