Apple reported fiscal Q2 2026 revenue of $111.18 bn and EPS $2.01, surpassing analyst forecasts of $108.92 bn and $1.93 EPS.
iPhone sales rose 21.7% YoY to $56.99 bn, with the iPhone 17 Pro models driving the strongest market‑share gain.
Apple authorized an additional $100 bn share buyback, while its stock briefly rose after hours before slipping 1.3% intraday.
Tim Cook will become chairman and John Ternus will succeed as CEO, raising concerns about Apple’s AI revenue strategy.