Apple Inc

AAPL: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Apple Earnings: Let the iPhone 17 Cycle Rip

William Kerwin

May 1, 2026

Apple's March-quarter results beat the top ends of guidance. Revenue rose 17% year over year to $111 billion, led by iPhone revenue rising 22%. Gross margin of 49.3% was an all-time record. Management guided to similarly strong growth in the June quarter, with slight margin compression.

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Apple Inc

Apple Earnings: Let the iPhone 17 Cycle Rip

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