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Earnings Score 75 Bullish

Apple Posts Robust Q2 Gains; Announces $100 Billion Buyback

Apr 30, 2026 20:55 UTC
AAPL
Short term

Apple Inc. reported a surge in second-quarter profit and revenue, driven by strong iPhone sales and services growth. The company further bolstered shareholder value with a massive new share repurchase authorization.

  • Revenue grew to $111.2 billion from $95.4 billion YoY
  • Net income rose 19% to $29.6 billion
  • iPhone and Services segments led growth at $57.0B and $31.0B respectively
  • Double-digit growth achieved across all geographic regions
  • New $100 billion share repurchase program authorized
  • Quarterly dividend set at $0.27 per share

Apple Inc. (AAPL) delivered a strong financial performance for its second quarter, reporting a substantial rise in both top-line revenue and net income. The results underscore the company's ability to maintain growth across its diverse product portfolio and global markets. Total revenue for the period climbed to $111.2 billion, a marked increase from the $95.4 billion recorded in the same quarter last year. Net income followed a similar trajectory, rising to $29.6 billion, which translates to earnings per share of $2.01, compared to $1.65 a year prior. The growth was primarily fueled by the iPhone, which generated $57.0 billion in revenue, up from $46.8 billion. The Services division also showed strength, contributing $31.0 billion. Other segments, including the Mac ($8.4 billion), iPad ($6.9 billion), and Wearables, Home, and Accessories ($7.9 billion), all saw year-over-year gains. Beyond the operational figures, Apple's board declared a quarterly dividend of $0.27 per share. Most notably, the company authorized an additional $100 billion for share repurchases, signaling strong confidence in its cash flow and valuation. The report also highlighted double-digit growth across all geographic segments, suggesting a broad-based expansion in global demand.

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