Earnings Call
Jul 30, 2026
Q2 FY2026
EPS Estimate
1.89
EPS Actual
2.02
Post-Earnings Close
$308.91
Earnings Reaction
-7.4%
Apple's fiscal Q2 2026 results were defined by two headline events: a blowout quarter that set March quarter records across nearly every metric, and the announcement that Tim Cook will hand the CEO role to John Ternus on September 1, with Cook transitioning to Executive Chairman. Revenue of $111.2 billion grew 17% year-over-year, beating the high end of guidance despite acknowledged supply constraints on iPhone and Mac. EPS of $2.01 rose 22% year-over-year, also a March quarter record. The quarter was not a one-product story, every geographic segment set March quarter records, including 28% growth in Greater China and broad double-digit gains across emerging markets.
Report generated on Jul 31, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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