Apple Inc. (AAPL) Announced Q2 2026 Earnings on April 30, 2026, Reporting $111.2 billion in revenue.

Apple reported March quarter results, with CEO Tim Cook stating, "Today, Apple is proud to report $111.2 billion in revenue up 17% from a year ago and a March quarter record". CFO Kevan Parekh noted that net income was $29.6 billion and diluted earnings per share was $2.01 for the March quarter.

Company gross margin was 49.3%.

Parekh also mentioned that operating cash flow was $28.7 billion for the quarter.A major business update was the announcement of a CEO transition.

Tim Cook stated, "I very much look forward to stepping into the role of Executive Chairman on September 1". He added, "As I have said, there is no 1 on this planet I trust more to lead Apple into the future than John Turnes". The company also provided updates on its supply chain strategy, stating, "As part of our $600 billion commitment to the U.S., we were pleased to share recently that Mac Mini production is coming to America later this year expanding our factory operations in Houston with a brand-new facility".Regarding products, the company saw strong demand for the iPhone 17 family and the new MacBook Neo.

Cook noted, "the iPhone 17 family is now the most popular lineup in our history when looking at the launch through the March quarter". For the Mac segment, Cook stated, "the customer response to Mac Neo has just been off the charts with higher-than-expected demand". He also mentioned that the company faced supply constraints, explaining, "the primary constraint is the availability of the advanced nodes our SoCs are produced on".For forward guidance, Parekh stated, "We expect our June quarter total company revenue to grow by 14% to 17% year-over-year". He also provided expectations for margins and expenses, noting, "We expect gross margin to be between 47.5% and 48.5%" and "We expect operating expenses to be between $18.8 billion and $19.1 billion". Parekh added that they expect the tax rate to be "around 17%" for the June quarter.