AAPL 8-K — Smart Summary

Apple Inc. reported its fiscal Q2 2026 results for the quarter ended March 28, 2026, with quarterly revenue of $111.2 billion, up 17% year over year, and diluted EPS of $2.01, up 22% year over year. The quarter set March quarter records for total company revenue, iPhone revenue, and EPS, while Services revenue reached a new all-time high. Apple's board declared a 4% dividend increase and authorized an additional $100 billion share repurchase program.

• Total net sales: $111,184 million (Q2 FY2026) vs. $95,359 million (Q2 FY2025), up 17% YoY
• Products net sales: $80,208 million vs. $68,714 million, up ~17% YoY
• Services net sales: $30,976 million vs. $26,645 million, up ~16% YoY; reached new all-time high
• Gross margin: $54,781 million vs. $44,867 million, up ~22% YoY; gross margin rate ~49.3% vs. ~47.0%
• Operating income: $35,885 million vs. $29,589 million, up ~21% YoY
• Net income: $29,578 million vs. $24,780 million, up ~19% YoY
• Diluted EPS: $2.01 vs. $1.65, up 22% YoY; new March quarter record
• Cash generated by operating activities (Q2 quarter, per CEO): over $28 billion; six-month operating cash flow: $82,627 million vs. $53,887 million YoY

• Americas: $45,093 million vs. $40,315 million, up ~12% YoY
• Europe: $28,055 million vs. $24,454 million, up ~15% YoY
• Greater China: $20,497 million vs. $16,002 million, up ~28% YoY
• Japan: $8,401 million vs. $7,298 million, up ~15% YoY
• Rest of Asia Pacific: $9,138 million vs. $7,290 million, up ~25% YoY
• iPhone: $56,994 million vs. $46,841 million, up ~22% YoY; March quarter record
• Mac: $8,399 million vs. $7,949 million, up ~6% YoY
• iPad: $6,914 million vs. $6,402 million, up ~8% YoY
• Wearables, Home and Accessories: $7,901 million vs. $7,522 million, up ~5% YoY
• Services: $30,976 million vs. $26,645 million, up ~16% YoY

• Cash dividend declared: $0.27 per share, an increase of 4%, payable May 14, 2026, to shareholders of record as of May 11, 2026
• Board authorized an additional program to repurchase up to $100 billion of common stock
• Repurchases of common stock (six months ended March 28, 2026): $36,989 million vs. $49,504 million in prior-year period
• Payments for dividends and dividend equivalents (six months): $7,743 million vs. $7,614 million
• Cash and cash equivalents: $45,572 million (March 28, 2026) vs. $35,934 million (September 27, 2025)
• Marketable securities (current + non-current): $22,935 million + $78,088 million = $101,023 million
• Term debt (current + non-current): $8,310 million + $74,404 million = $82,714 million
• Repayments of term debt (six months): $7,914 million; repayments of commercial paper, net: $5,911 million

• "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. "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."
• "Our strong business performance during the March quarter generated over $28 billion in operating cash flow and drove new March quarter records for both operating cash flow and EPS," said Kevan Parekh, Apple's CFO. "Continued strong customer demand for our products and services once again helped us achieve a new all-time high for our installed base of active devices across all major product categories and geographic segments."

• No specific quantitative forward guidance provided in the press release.