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Apple Inc. 8-K Report, Financial Results (Apr 30, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed April 30, 2026
Period End
April 30, 2026
Security
AAPL
In the record · 2016–202610-K1010-Q338-K99

AAPL filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 99 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jan ’21Jan ’21
  2. Leadership change8-K · Jul ’25Jul ’25

01—Abstract

Summary

Summary of the 8-K filed April 30, 2026. Cited figures are marked; the original filing is the authoritative source.

Apple reported fiscal Q2 2026 (quarter ended March 28, 2026) results that were strong across the board.

Net sales rose 17% year over year to $111.2 billiona, and diluted EPS rose 22% to $2.01. iPhone revenue grew about 22% to $57.0 billion, a March-quarter record, and Services grew about 16% to a record $31.0 billion. Greater China was the standout region, up about 28%, and every geographic segment grew double digits. Gross margin expanded about 220 basis points to 49.3%, driven by Products margin improvement (about 38.7% versus 35.9%) and a higher Services margin (about 76.7%).

Operating income rose about 21% to $35.9 billionb, and operating margin improved to about 32.3% from 31.0%. R&D spending grew about 34%, a notable step-up in investment. Cash generation was robust.

Six-month operating cash flow was $82.6 billionc, up from $53.9 billion, and capital expenditures fell to $4.3 billion from $6.0 billion, implying free cash flow of roughly $78 billion. Management used this cash for shareholder returns: the board raised the quarterly dividend 4% to $0.27 per share and authorized a new $100 billion buyback. Six-month repurchases were $37.0 billion, below the $49.5 billion of the prior-year period, so the pace of buybacks slowed even as cash flow grew.

Net cash (cash plus marketable securities of about $146.6 billiond, less roughly $84.7 billion of total debt) remained strong at about $62 billion. Several balance sheet items merit monitoring. Intangible assets, net, nearly doubled to $21.3 billion from $11.1 billion, and other non-current liabilities rose to $55.5 billion from $41.5 billion.

The filing does not explain these changes, so investors should review the 10-Q for detail. Accounts payable declined to $57.3 billion from $69.9 billion, and vendor non-trade receivables fell, which affects working capital comparisons. Total shareholders' equity increased to $106.5 billion from $73.7 billion, largely reflecting retained earnings turning positive.

02—Key points

Key Highlights

  1. Revenue of $111.2 billion, up 17% year over year, a March-quarter record, with double-digit growth in every geographic segment.
  2. Diluted EPS of $2.01, up 22% from $1.65, with net income of $29.6 billion, up 19%.
  3. iPhone revenue of $57.0 billion, up about 22%, driven by iPhone 17 demand; Services revenue of $31.0 billion, up about 16% and an all-time high.
  4. Greater China revenue of $20.5 billion, up about 28%, the fastest-growing reported region.
  5. Gross margin of 49.3%, up from 47.1%, with Products and Services margins both improving; operating income up about 21% to $35.9 billion.
  6. Quarterly dividend raised 4% to $0.27 per share, and a new $100 billion share repurchase authorization was approved.
  7. Six-month operating cash flow of $82.6 billion (vs. $53.9 billion), while buybacks of $37.0 billion were below the prior-year $49.5 billion.

03—Questions

Frequently Asked Questions

  1. What drove the strong revenue growth in the March quarter?

    Growth was led by iPhone, which rose about 22% to $57.0 billion on strong demand for the iPhone 17 lineup. Services grew about 16% to $31.0 billion, and Products revenue rose about 17% overall. Management also cited new launches, including the iPhone 17e, M4-powered iPad Air, and MacBook Neo. Greater China (up about 28%) and Europe (up about 15%) contributed meaningfully to the increase.

  2. Is Apple's profitability improving or is growth coming at a cost?

    Profitability improved. Gross margin rose to 49.3% from 47.1%, and operating margin rose to about 32.3% from 31.0%. The main cost increase was R&D, which grew about 34% to $11.4 billion, indicating continued heavy investment in product and AI development. Operating expenses overall grew about 24%, slower than revenue, which is why margins expanded.

  3. How much capital is Apple returning to shareholders, and is it sustainable?

    Apple paid $7.7 billion in dividends and repurchased $37.0 billion of stock in the first six months of fiscal 2026. The new $100 billion authorization and 4% dividend increase signal continued commitment to returns. With six-month operating cash flow of $82.6 billion and net cash of roughly $62 billion, the payouts appear well covered. Buybacks were lower than in the prior year, however, so investors should watch whether the pace accelerates under the new authorization.

  4. What should investors watch on the balance sheet?

    Intangible assets nearly doubled to $21.3 billion and other non-current liabilities rose to $55.5 billion, but the filing does not explain these changes. Accounts payable fell to $57.3 billion from $69.9 billion, which reduced working capital support. Debt declined, with term debt and commercial paper falling from year-end levels. Investors should review the Form 10-Q and the earnings call for details on these items.

04—Continue

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