
• Reported GAAP EPS of $2.02 up 22.42% YoY • Reported revenue of $111.18B up 16.60% YoY
Bullish
Apple achieved record Q2 FY26 revenue of $111.2 billion and EPS of $2.01, driven by record iPhone and Services revenue. The company also expanded its share repurchase program and saw its active installed base reach a new high.
Bearish
Apple faces structural risks from global economic conditions, geopolitical tensions, and highly competitive, rapidly changing markets impacting product design and manufacturing. Operational risks include IT system failures and unfavorable legal proceedings.