Apple makes the iPhone, iPad, Mac and Apple Watch, and sells services like the App Store, iCloud and Apple Music.
Apple Inc. (AAPL) reported Q2 FY26 results on July 30, 2026. Earnings per share came in at $2.02 against a $1.89 consensus, so the company beat on the bottom line. Revenue of $109.42B landed above the $109.04B estimate. AAPL has beaten consensus EPS in 7 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
CEO: “I just celebrated my 28th anniversary of being here at Apple Inc.—15 years as CEO.”
Incoming CEO: “And while you are not going to get me to talk about the details of that roadmap, suffice it to say, this is the most exciting time in my 25-year career at Apple Inc.”
CEO: “is proud to report $111.2 billion in revenue, up 17% from a year ago and a March record, which was above the high end of our guidance range despite constraints.”
CFO: “Our revenue of $111.2 billion was up 17% year over year, a March revenue record.”
Analyst (Morgan Stanley): “I would love, maybe, Tim, if I could ask you to contextualize the supply constraints you alluded to in your prepared remarks, meaning how much did demand outpace supply for iPhone and Mac in March?”
What moved the stock
Highlights from AAPL's Jul 30 report: EPS of $2.02 — a beat vs the $1.89 estimate (+7%); revenue of $109.42B — in line with the $109.04B consensus. Focus now shifts to iPhone demand, Services growth, and AI feature rollout.