AAPL Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-03-28), AAPL reported revenue of $111.2B, gross profit of $54.8B (49.3% gross margin), operating income of $35.9B, and net income of $29.6B (26.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AAPL was profitable; revenue fell 22.7% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −22.7% | −29.7% | −2.7 pp |
Consensus estimate data is not available for this report.
AAPL Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $111.2B | 100% |
| Cost of Revenue | −$56.4B | 50.7% |
| Gross Profit | $54.8B | 49.3% |
| Research & Development | −$11.4B | 10.3% |
| Selling, General & Administrative | −$7.5B | 6.7% |
| Operating Income | $35.9B | 32.3% |
| Other Income, net | −$52M | 0.0% |
| Income Tax Expense | −$6.3B | 5.6% |
| Net Income | $29.6B | 26.6% |
Source: AAPL filings on SEC EDGAR (period ended 2026-03-28). Data normalized by EarningsFyi.