APPLE $AAPL JUST REPORTED Q2 EARNINGS
- Revenue: $111.18B vs $109.66B est 🟢
- EPS: $2.01 vs $1.95 est 🟢
- Gross Margin: 49.27% vs 48.38% est 🟢
- Dividend: $0.27 per share
Segment breakdown:
- iPhone Revenue: $56.99B vs $57.21B est 🔴
- Services Revenue: $30.98B vs $30.39B est 🟢
- Mac Revenue: $8.40B vs $8.02B est 🟢
- Wearables Revenue: $7.90B vs $7.70B est 🟢
- iPad Revenue: $6.91B vs $6.66B est 🟢
- Greater China Revenue: $20.50B vs $19.45B est 🟢
Capital return:
- Authorized an additional $100B in stock buybacks
Apple beat across the board except for a slight iPhone miss tied to supply constraints, not demand.
Other notable items:
- CEO Tim Cook on the iPhone miss: "The demand was off the charts. And there's just a little less flexibility in the supply chain at the moment for getting more parts."
- The iPhone 17 family chips are made on a variant of the same TSMC chip manufacturing technology as many leading AI chips
- Mac sales were boosted by the new MacBook Neo, a $500 model targeting students that analysts believe could help Apple crack the $20B lower-priced laptop market dominated by Google Chromebooks
- Apple's gross margin expansion came despite higher memory chip prices, helped by the company's massive buying power
- Apple's incoming CEO John Ternus takes over from Tim Cook in September. The iPhone 17 family and MacBook Neo were both spearheaded by Ternus.
Apple revenues increased 17% over the last year to a new Q1 record of $111 billion. Net Income grew 19% year-over-year to new Q1 record of $30 billion. Gross margins increased to 49% (from 47% a year ago), the highest margin in company history. $AAPL
https://t.co/l5IYmkeySJ https://t.co/Epmywl7VOZ
"THE DEMAND WAS OFF THE CHARTS."
That's how Apple $AAPL CEO Tim Cook described iPhone demand to Reuters tonight, after the company beat on revenue, EPS, gross margins, Mac, Services, iPad, Wearables, and China.
The lone iPhone "miss" of $220M was tied to chip supply constraints, not demand.
Apple also authorized another $100B stock buyback.
Apple's incoming CEO John Ternus is expected to make remarks on the earnings call tonight. Ternus takes over from Cook in September and was the executive who spearheaded both the iPhone 17 family and the new MacBook Neo, the two products that drove this quarter's beats.
Apple $AAPL authorizes share buybacks up to $100 B, boosting dividend from $0.26 to $0.27
Q2 iPhone Net Sales: $56.994B
Q2 iPad Net Sales: $6.914B
Q2 Mac Revenue: $8.399B
Q2 Greater China Revenue: $20.497B
Q2 Japan Revenue: $8.401B
Q2 Europe Revenue: $28.055B https://t.co/j3IxRS8mMl
$AAPL Q2 EARNINGS
• Revenue $111.2B vs Est. $108.9B
• EPS $2.01 vs Est. $1.93
• China Sales $20.5B vs Est. $19.5B
• iPhone Sales $57.0B vs Est. $57.2B
• Mac Sales $8.4B vs Est. $8.0B
*APPLE AUTHORIZES UP TO $100B SHARE BUYBACK, BOOSTS DIVIDEND
$AAPL https://t.co/SlW8k6g2nJ
⚠️BREAKING:
*APPLE EPS $2.01, EST. $1.93
*APPLE REVENUE $111.1B, EST. $108.9B
$AAPL https://t.co/nsBGyAq2TQ
$AAPL Apple Q2 2026 Earnings
EPS $2.01, est. $1.96
Rev. $111.18B, est. $109.66B
iPhone rev. $56.99B, est. $56.98B
Services rev. $30.98B, est. $30.37B
Products rev. $80.21B, est. $79.26B
Mac rev. $8.40B, est. $8.13B
iPad rev. $6.91B, est. $6.65B
Wearables, Home & Accessories rev. $7.90B, est. $7.72B
Americas rev. $45.09B, est. $45.82B
Greater China rev. $20.50B, est. $18.91B
Total oper expenses $18.90B, est. $18.47B
$AAPL said “memory costs will drive an increasing impact” on the business beyond the June quarter.
Apple is one of $MU largest customers and $SNDK benefits from the broader NAND pricing power Apple just validated. https://t.co/zAzst9cwzW
$AAPL Q3 GUIDANCE
• Revenue: 16% vs. Est. 9%
• Gross Margin: 48% vs. Est. 48%
Guidance "comprehends our best view of constrained supply" on iPhone https://t.co/XrSxQbeqjl
Apple $AAPL just said it expects revenue next quarter to grow by between 14-17% YoY above expectations of ~11% YoY growth
Apple stock is up by 4% in after hours
🟢🟢🟢🟢 https://t.co/sjiz6K2fJf
$AAPL Q2 earnings:
💵Revenue: $111.18B vs $109.6B expected
💲EPS: $2.01 vs $1.96 expected https://t.co/3xGIDEt5Df
APPLE EARNINGS JUST CAME OUT
*APPLE REVENUE $111.2B EST. $109.7B ( BEAT ✅ )
*APPLE EPS $2.01 EST. $1.94( BEAT ✅ )
$AAPL https://t.co/rVnytK8ZtN
BREAKING: Apple, $AAPL, earnings:
- EPS: $2.01, est: $1.94
- Rev: $111 billion, est: $109 billion
APPLE $AAPL JUST REPORTED EARNINGS
EPS of $2.01 beating expectations of $1.94🟢
Revenue of $111.2 beating expectations of $109.7B🟢 https://t.co/UrNeRV15AL
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