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Apple posts 16.6% revenue growth in Q2 2026, driven by iPhone and Services segments

Analyst Insights
15 May 2026
Seeking Alpha
View Source
Neutral
pluang ai news

Apple Inc. reported a strong Q2 2026 with revenue up 16.6% year-over-year, led by record performances in its iPhone and Services segments. The Services segment grew 16.3% and contributed over 43% of segment profits, highlighting its growing importance. Despite a slower pace in share repurchases, Apple authorized a new $100 billion buyback, maintaining robust shareholder returns. However, the stock is rated Hold due to high valuation multiples despite its solid growth, strong margins, and low-risk profile.

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