Apple reports Q2 earnings
9to5Mac Daily
9to5Mac
4.6 • 624 Ratings
🗓️ 1 May 2026
⏱️ 8 minutes
🧾️ Download transcript
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Stories discussed in this episode:
- Apple reports Q2 2026 earnings
- Apple says supply constraints for Mac mini and Mac Studio to persist for several months
- Apple says iPhone 17 lineup is officially the ‘most popular’ in its history
- John Ternus joins Apple’s Q2 2026 earnings call, touts ‘incredible roadmap ahead’
- Apple’s R&D spending hits new record as AI investment ramps up
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Transcript
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| 0:00.0 | Welcome to 9 to 5 Mac Daily for Friday, May 1st, 26. I'm your host, Chance Miller. We are sponsored this week by Bitwarden. |
| 0:12.1 | Leading off today, Apple has officially reported its earnings for the second fiscal quarter of 2026. |
| 0:17.9 | This covers the months of January, February, and March. |
| 0:22.1 | The company beat expectations in most of the biggest categories. |
| 0:26.8 | Total revenue came in at $111 billion, an increase of 17% year-over-year. |
| 0:33.9 | Profit came in at $29.6 billion, an increase of 19% year over year. |
| 0:39.8 | iPhone revenue was $57 billion, up 22%, while iPad revenue was $6.9 billion, up 8%. |
| 0:48.5 | Mac revenue was $8.4 billion, up 6% year over year, while services revenue came in at $31 billion, |
| 0:57.7 | an increase of 16%. And finally, the wearables home and accessories category came in at $7.9 billion |
| 1:04.8 | in revenue, up 5% year over year. For context, the Wall Street consensus was $109 billion in revenue, |
| 1:14.6 | so Apple beat that expectation by about $2 billion. Earnings per share came in at $2.1, |
| 1:22.4 | beating analyst expectations of $1.94. During Apple's earnings call with analysts, incoming Apple CEO John |
| 1:30.7 | Turnus joined in on the fund for the first time. In his prepared remarks, Turner's thanked Tim Cook |
| 1:36.7 | for the opportunity and touted Apple's future roadmap. He said, quote, in my view, Tim is one of the |
| 1:43.4 | greatest business leaders of all time. |
| 1:45.7 | Stepping into the role of CEO is an incredible honor, and it means a great deal to me to have Tim's trust and confidence. |
| 1:52.7 | I want to echo Tim's sentiment about our shareholders, especially those who have been with us for many years. |
| 1:59.0 | Thank you so much for your confidence in our company. |
| 2:02.5 | As you know, one of the hallmarks of Tim's tenure has been a deep thoughtfulness, deliberateness, |
| 2:06.9 | and discipline when it comes to the financial decision-making of the company. And I want you to know |
| 2:12.3 | that that is something CFO, Kevin Pereca, and I intend to continue when I transition into the role in September. |
| 2:19.6 | We have an incredible roadmap ahead, and while you're not going to get me to talk about the |
... |
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