Apple Inc. (NASDAQ:APPL) has reported its financial results for the quarter ended March 28, 2026, posting total net sales of $111.18 billion, compared to $95.36 billion in the same period last year, reflecting a year-on-year increase driven by growth across both product and services segments.
The company’s net income for the quarter stood at $29.58 billion, up from $24.78 billion in the corresponding quarter of 2025. Earnings per diluted share came in at $2.01, compared to $1.65 a year earlier.
According to the filing, Apple’s product segment generated $80.21 billion in revenue during the quarter, while services contributed $30.98 billion, continuing its steady growth trajectory.
Within product categories, iPhone remained the largest contributor, generating $56.99 billion in revenue, compared to $46.84 billion in the same period last year. Mac revenue stood at $8.40 billion, while iPad contributed $6.91 billion. The wearables, home, and accessories segment reported revenue of $7.90 billion.
On the geographical front, Apple recorded growth across all key regions. As detailed on page 15, revenue from the Americas reached $45.09 billion, followed by Europe at $28.05 billion and Greater China at $20.49 billion. Japan and the rest of the Asia Pacific also reported increases, supported by higher iPhone and services demand.
For the six-month period ended March 28, 2026, Apple reported total net sales of $254.94 billion, compared to $219.66 billion in the same period last year. Net income for the period stood at $71.68 billion, up from $61.11 billion a year ago.
The company’s gross margin for the quarter rose to $54.78 billion from $44.87 billion in the previous year, with overall gross margin improving to 49.3 percent. The increase was attributed to product mix and strength in foreign currencies, partially offset by higher costs.
Operating expenses for the quarter stood at $18.90 billion, compared to $15.28 billion a year earlier, reflecting higher spending on research and development as well as selling and administrative expenses.
The filing also highlighted ongoing supply constraints and rising costs for components such as semiconductors and memory, which could affect demand and margins in the coming quarter.
