Apple just dropped its latest financial results for its second quarter, and the numbers are massive. The company brought in $111.2 billion US in revenue for the quarter ending March 28, 2026, which is a 17 per cent jump compared to the same time last year. Profits also saw a nice bump, with earnings per share hitting $2.01, up 22 per cent.
The big driver here was the iPhone 17 lineup. Apple says the new lineup helped set a March quarter record for phone sales, bringing in nearly $57 billion on its own. Services, which includes things like the App Store and iCloud, also hit an all-time high with nearly $31 billion in sales.
It wasn’t just phones and apps making waves. The company recently launched the MacBook Neo, a new iPad Air with the M4 chip, and a cheaper iPhone 17e to keep the momentum going.
“Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment,” said Tim Cook, Apple’s CEO, who’s set to step down in September.
“iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup. During the quarter, Services achieved yet another all-time record, and we were excited to introduce remarkable new products to our strongest lineup ever. That included the addition of the iPhone 17e and the M4-powered iPad Air, along with the launch of MacBook Neo, which is captivating customers all around the world,” said Cook.
Investors are getting a little extra kickback, too. Apple’s board approved a cash dividend of $0.27 per share, a 4 per cent increase. If you own stock by May 11, you’ll see that payout on May 14. On top of that, the company is planning to buy back another $100 billion of its own shares.
The growth was steady across the globe, but China saw a particularly big spike, with sales jumping from $16 billion last year to over $20.4 billion this quarter. Overall, the tech giant is sitting on about $45.5 billion in cash as it heads into the second half of the year.
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