Apple Inc (NASDAQ:AAPL) shares rose 2.75% in after-hours trading after the iPhone maker group reported quarterly results ahead of market expectations. Revenue came in at $111.18 billion for the March quarter, up 17%, beating forecasts of $109.46 billion.
Apple Inc. delivered another double beat in Q2, with revenues up 17% and EPS up 22% year-over-year. AAPL's growth is driven by strong iPhone sales, but its hardware outpaced services, slightly disappointing those seeking a services-led mix shift. Gross margin expanded on favorable product mix, though operating expenses rose 24%, outpacing gross profit growth and limiting operating leverage.
When Apple reported its quarterly earnings Thursday, CEO Tim Cook warned that memory constraints are intensifying. Cook said Apple will "look at a range of options," which analysts said could include raising prices or signing longer supplier agreements.
Apple's biggest overhang over the past two years just turned into one of its strongest earnings positives. In fiscal second-quarter results released on Thursday, the company said Greater China revenue rose to $20.497 billion, up 28% from a year earlier and comfortably ahead of Wall Street expectations of around $19–19.5 billion.
Tim Cook has said that Steve Jobs told him never to ask what he would do but "just do what's right." Cook now leaves a piece of advice for John Ternus, the incoming CEO of Apple.
Apple saw more demand for the iPhone 17 and MacBook Neo than it was expecting and suggests the RAM shortage could hit prices on new stock.
Tim Cook said Apple plans to apply for a tariff refund — but will reinvest the funds in the US. President Donald Trump famously said he'd "remember" companies that don't seek tariff refunds.
Apple reported a record quarter on Thursday. Yet outgoing CEO Tim Cook warned of some gathering storm clouds in the form of memory chip supply issues that could impact business in the near future.
Apple's earnings call was, on the surface, a story about iPhone momentum and Mac demand. iPhone revenue rose 22% year over year, Mac revenue rose 6%, and executives repeatedly pointed to supply constraints as evidence that demand was outpacing what Apple could deliver.
Apple's stock is climbing on a better-than-expected outlook and strong demand for its iPhone 17 lineup.
Apple (AAPL) came out with quarterly earnings of $2.01 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $1.65 per share a year ago.
Although the revenue and EPS for Apple (AAPL) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.