Apple reports Q2 FY2026 results, with strong iPhone 17 series sales and Mac unit growth driven by AI demand

Apple reported fiscal Q2 2026 revenue of $111.2 billion, up 17% year over year, with profit also increasing.

iPhone revenue rose 22% on strong iPhone 17 demand, while services reached a record high.

Mac revenue climbed 6% as AI-related local model use boosted demand for Mac mini and Mac Studio.

Apple said some Mac configurations may remain supply-constrained for months as AI workloads keep demand elevated.