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Apple Tops Street with iPhone, Services Strength
Apple reported fiscal Q2 revenue above estimates driven by iPhone and services. Guidance also topped consensus. Shares rose in after-hours trade.
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Apple exceeded Wall Street expectations for its fiscal second quarter, with revenue reaching $94.5 billion, above the $93 billion average analyst estimate, according to Bloomberg data. Shares gained about 2% in after-hours trading Thursday.
iPhone revenue rose 3% to $45.9 billion, while services revenue hit a record $24.5 billion. The company projected current-quarter revenue between $94 billion and $96 billion, above the $93 billion analysts had predicted.
Apple's results show steady demand for its premium smartphones and growing subscription revenue. The company is preparing to unveil new artificial intelligence features at its annual Worldwide Developers Conference in June.
More on Apple (AAPL) profile.
How this story was producedLast reviewed Jul 21, 2026
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.
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