Apple Posts 21% iPhone Growth, $100B Buyback

Apple reported fiscal Q2 2026 revenue of $111.18 billion and EPS $2.01, beating analysts’ $108.92 billion and $1.93 expectations.
iPhone sales surged 21.7% YoY to $56.99 billion, marking a second consecutive quarter of over‑20% growth and best March quarter ever.
Apple authorized an additional $100 billion share buyback while launching iPhone 17e, M4‑iPad Air and MacBook Neo, expanding its product lineup.
CFO Kevan Parekh highlighted record active device base; services revenue rose 16.3% YoY to $30.98 billion, underscoring diversified growth.