Apple has reported its best March quarter on record. The company posted revenue of $111.2 billion for its fiscal second quarter ended March 28, 2026, up 17 percent year over year. Diluted earnings per share came in at $2.01, a 22 percent increase from the same period last year.
iPhone was the standout, setting a March quarter revenue record driven by strong demand for the iPhone 17 lineup. The iPhone 17e, which launched earlier this year, was specifically called out alongside the M4-powered iPad Air and MacBook Neo as products that have resonated strongly with customers. Services also hit a new all-time high, continuing a streak of record quarters for Apple’s software and subscription business. Tim Cook said double-digit growth was recorded across every geographic segment.
Apple also generated over $28 billion in operating cash flow during the quarter, setting a new March quarter record. The company’s installed base of active devices reached a new all-time high across all major product categories and geographic segments.
Apple’s board declared a quarterly dividend of $0.27 per share, a 4 percent increase, payable on May 14 to shareholders of record as of May 11. The board also authorized a new $100 billion share repurchase program.
It is Tim Cook’s final year as CEO, with John Ternus taking over on September 1. Apple is hosting a live earnings call at 2:00 p.m. PT today at apple.com/investor/earnings-call.