Apple Posts $111B Revenue, Guides 14‑17% Growth

Apple reported record Q2 2026 revenue of $111.18 billion and EPS $2.01, beating analyst expectations of $108.92 billion and $1.93 EPS.
iPhone sales surged 21.7% YoY to $56.99 billion, marking a second consecutive quarter of >20% growth and the best March quarter ever.
Management guided 14‑17% revenue growth and 47.5‑48.5% gross margin for Q3, sending the stock up nearly 3% pre‑market.
Apple announced a $100 billion share‑buyback, confirmed Tim Cook’s move to chairman and John Ternus as CEO, and unveiled iPhone 17e, M4‑iPad Air and MacBook Neo.