Apple Reports Q2 Earnings: Revenue Tops $94 Billion, EPS Beats Expectations

Apple has reported Q2 financial results that beat Wall Street forecasts, with EPS of $1.57 and revenue of $94.04 billion. iPhone sales grew 13% YoY, and overall revenue grew 10%, the largest quarterly growth since December 2021. The company's income statement shows strong performance across various business units. AAPL stock has a consensus Moderate Buy rating among 26 Wall Street analysts, with an average price target of $228.11 and 8.96% upside potential.

Apple Inc. (AAPL) has reported its Q2 financial results for fiscal year 2026, showcasing robust performance across its business units. The company exceeded Wall Street forecasts, with earnings per share (EPS) of $1.57 and total revenue of $94.04 billion, marking the largest quarterly growth since December 2021. This growth was driven by a 13% year-over-year (YoY) increase in iPhone sales and a 10% overall revenue growth [1].

The company's Services segment, which includes the App Store, Apple Pay, Apple TV+, Apple Music, and iCloud, saw a 13.3% increase in revenue, reaching a new quarterly record of $27.42 billion. This segment continues to be a key driver of Apple's growth, contributing significantly to the company's overall financial performance [1].

Despite the uncertainty surrounding potential tariffs on iPhones manufactured overseas, Apple's strong financial performance was evident. The company's net profit for the quarter was $23.43 billion, up 12% from the previous year. This was driven by the company's ability to maintain its competitive edge in the tech industry and capitalize on its diverse product portfolio [1].

Apple's Apple TV+ division also made a notable contribution to the company's revenue. The release of "F1: The Movie," a Brad Pitt-starrer, grossed nearly $513 million at the global box office, demonstrating the potential of the company's content strategy [1].

Investors and financial professionals have responded positively to Apple's Q2 results. The stock has a consensus Moderate Buy rating among 26 Wall Street analysts, with an average price target of $228.11 and an 8.96% upside potential [1].

References:
[1] https://variety.com/2025/digital/news/apple-june-2025-quarter-earnings-services-revenue-trump-tariffs-1236475825/