$AAPL rises 3% after 17% revenue growth; June-quarter outlook tops Street

$111.18 billion in revenue, up 17% year over year, was the number that moved Apple $AAPL in extended trading on April 30. Shares rose about 3% after the company reported diluted EPS of $2.01, above the $1.95 LSEG consensus, and told investors that June-quarter revenue should grow 14% to 17% from a year earlier. That range sits well above the 9.5% growth Wall Street had modeled going into the print.

Apple’s own quarterly release framed the period as its best March quarter on record. The company said fiscal second-quarter revenue reached $111.2 billion and diluted EPS rose 22% year over year to $2.01. CFO Kevan Parekh said operating cash flow topped $28 billion in the quarter, while Apple also reported a new all-time high in its installed base of active devices across major product categories and geographies.

The beat was not perfectly clean at the segment level, which helps explain why the after-hours move was solid rather than explosive. CNBC said iPhone revenue came in at $56.99 billion, slightly below the $57.21 billion consensus, even though iPhone sales still rose 22% from a year earlier. Mac revenue of $8.4 billion topped the $8.02 billion estimate, iPad revenue of $6.91 billion beat the $6.66 billion estimate, Services reached $30.98 billion against a $30.39 billion expectation, and gross margin printed at 49.3% versus 48.4% expected.

Capital return also mattered. Apple authorized an additional $100 billion in repurchases and lifted its cash dividend 4% to 27 cents a share. Management also acknowledged that the global memory shortage tied to AI infrastructure demand is tightening parts availability, a reminder that even a strong demand quarter does not remove supply-chain risk for the second half of fiscal 2026.

The next checkpoint is execution against that June-quarter guide. Investors will be watching whether Apple can sustain double-digit growth after the March-quarter boost, hold gross margin near the high end of expectations, and convert iPhone 17 demand plus Services momentum into another quarter that clears consensus by a wide margin.

Not investment advice. Verify all figures with primary sources before acting.