Apple reported second-quarter fiscal 2026 revenue of $109.4 billion, exceeding analyst estimates of $108.2 billion and rising 16.4% year on year. GAAP earnings per share of $2.02 beat the consensus of $1.89 by 6.7%, while gross margin expanded to 50.1% from 46.5% a year earlier. However, Services revenue of $30.7 billion missed the $31.2 billion forecast, and shares fell 4.1% to $320.37 in after-hours trading. Products revenue, which accounts for 74.2% of total sales, grew 18.1% year on year, reflecting an improving upgrade cycle.
Apple Inc.Shares fell 4.1% after hours despite beating revenue and EPS estimates, likely due to Services revenue miss and market disappointment.