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Apple reports $29.6 billion profit in fiscal second quarter

2 sources · 01 May 2026 · Share coverage ·

Apple announced its fiscal second quarter results on Thursday, with net profit of $29.6 billion and revenue of $111 billion. The numbers exceeded analyst expectations, driven primarily by iPhone sales.

Apple is one of the world's largest technology companies, with the iPhone as its main product. The second quarter fiscal results represent the first earnings report after the announcement that Tim Cook will leave the company's leadership in September, being replaced by John Ternus.

1. What we know (1)

Apple had net profit of approximately $29.6 billion in the fiscal second quarter

2 sources Money Times Poder360
2. Where coverage thins out (4)

Covered by only some sources, or where the accounts diverge.

Covered by only some sources (4)

iPhone sales in China jumped 28% in the quarter

Reported by: Money Times
Did not cover: Poder360

Services revenue was $30.98 billion, with 16% growth

Reported by: Poder360
Did not cover: Money Times

Company's gross margin reached 49.3%

Reported by: Poder360
Did not cover: Money Times

Analyst expectations for earnings per share varied between $1.95 and $1.97

Reported by: Money Times Poder360
3. What we don't know yet

No gaps declared — all sources converge on the material facts.

All sources

2