Revenue Acceleration
Apple posted Q2 FY2026 revenue of $111.2B, up 16.6% YoY from $95.4B, representing a significant acceleration in top-line growth and suggesting strong demand across its product and services ecosystem.
Apple Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Apple delivered a standout Q2 FY2026 with revenue surging 16.6% YoY to $111.2B and net income climbing 19.4% to $29.6B, driven by record gross margins of 49.3% and accelerating R&D investment of $11.4B.
Drawn from management commentary in the Q1 2026 10-Q:
Apple posted Q2 FY2026 revenue of $111.2B, up 16.6% YoY from $95.4B, representing a significant acceleration in top-line growth and suggesting strong demand across its product and services ecosystem.
Gross margin expanded 220 basis points YoY to 49.3% (from 47.1%), indicating improved product mix, likely driven by higher-margin Services revenue growth and operational efficiencies in cost of revenue which rose only 11.7% against 16.6% revenue growth.
R&D expense surged 33.6% YoY to $11.4B, the fastest-growing cost line on the income statement, signaling Apple's intensified investment in AI, silicon development, and next-generation product categories.
Revenue
$111.18B
++16.60% YoY
EPS (Basic)
$2.02
++22.42% YoY
Gross Margin
49.3%
++2.22% YoY
Operating Income
$35.88B
++21.28% YoY
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