Apple's Services segment reached an all-time record of $30.98 billion in the second quarter of fiscal 2026, growing 16% year over year at a 76.7% gross margin across 2.5 billion active devices. iPhone revenue climbed 22% to $56.99 billion in the same quarter, with Greater China rising 33% in the first half of the fiscal year and demand still outrunning supply. The board authorized a fresh $100 billion buyback and raised the dividend 4% to $0.27 quarterly, part of over $1 trillion returned to shareholders since the program began. Apple also signed a chip agreement with Broadcom worth more than $30 billion, offsetting expected memory cost pressure. Over the past 12 months, Apple's stock returned 49.04%, outperforming the Invesco QQQ Trust in the 30 days after the earnings report.
Apple Inc.Record Services revenue and strong iPhone sales, plus $100B buyback and dividend hike.
Broadcom IncApple signed a chip agreement with Broadcom worth over $30 billion.