Apple Posts $8.39B Mac Revenue, Raises Dividend 4% and Approves $100B Buyback
Apple’s fiscal Q2 beat estimates with Mac revenue up to $8.39B from $7.94B, fueling a 3% after-hours jump with strong iPhone sales and China growth. Apple raised its quarterly dividend 4% to $0.27 and approved a $100B buyback but warned Mac supply constraints and rising memory costs may weigh.
1. Q2 Results and Revenue Drivers
Apple’s fiscal second-quarter results surpassed estimates, with Mac revenue climbing to $8.39 billion from $7.94 billion a year earlier. The stronger-than-expected performance, bolstered by robust iPhone sales and growth in China, propelled shares about 3% higher in after-hours trading.
2. Enhanced Shareholder Returns
The board increased the quarterly dividend by 4% to $0.27 per share and approved a new $100 billion share repurchase plan. This follows $37 billion in stock buybacks and $7.7 billion in dividend distributions during the first half of fiscal 2026.
3. Supply and Cost Challenges Ahead
CEO Tim Cook cautioned that elevated AI-driven demand has strained Mac Mini and Studio inventories, likely requiring several months to rebalance. He also noted that rising memory costs from global AI data center buildouts and advanced processor node constraints will pressure margins beyond the June quarter.