AAPL
FY2026 Q2 · Calendar Q2 2026
Apple Inc.
Apple's Q2 FY2026 results show continued momentum with $111.2B in revenue (up 17% YoY), beating consensus on both EPS ($2.01 vs $1.95 estimate) and revenue ($111.2B vs $109.5B estimate). iPhone grew 22% and Services hit a record $31B. The quarter introduced two significant structural developments: a CEO transition to John Ternus effective September 1 with Tim Cook moving to Executive Chairman, and expansion of ad inventory across the App Store and Apple Maps. Near-term supply constraints on Mac models and rising memory costs temper the outlook, but management tone remained confident and guidance sentiment was maintained. The stock initially underperformed the benchmark post-earnings but subsequently drifted +15%, suggesting the market digested the results favorably over time.
EPS surprise+3.1%
Market move+0.4%
