Apple just reminded everyone why it’s the most valuable company on the planet. The tech giant posted fiscal Q2 2026 earnings on April 30 that beat expectations across the board, with total revenue hitting $111.2 billion, a 17% jump year-over-year, and iPhone sales climbing 22% to roughly $57 billion.
Shares popped about 3% in extended trading. Wedbush promptly raised its price target to $400.
The numbers behind the rally
The iPhone 17 lineup was the star of the show. CEO Tim Cook cited “extraordinary demand” for the new series, which helped push iPhone revenue to a March-quarter record. China, a market where Apple has been fighting an uphill battle against local competitors like Huawei, showed signs of a genuine rebound.
Earnings per share landed at $2.01, also up 22% from the prior year. Apple’s services division, which includes the App Store, Apple Music, iCloud, and its growing suite of subscription products, hit an all-time revenue record of $31 billion. That’s a 16% increase year-over-year.
