According to BlockBeats, on May 1, Apple reported better-than-expected Q2 2026 results, with revenue of $111.18 billion versus expected $109.66 billion, net income of $29.578 billion, and EPS of $2.01, all hitting record highs. Stock rose over 3% after hours.
CEO Tim Cook announced he will step down in September, with John Ternus taking over. iPhone sales reached $56.99 billion, slightly below expectations of $57.21 billion, attributed to high-end chip supply constraints. Apple also announced a new $100 billion share buyback program and increased dividend to $0.27 per share.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Blue Owl Gains 10% After Announcing 10x Return on SpaceX Investment
According to CNBC, Blue Owl rose 10% in trading on its first-quarter earnings call after executives announced the US private credit firm had made about 10 times its money on a SpaceX investment. The firm said it had sold approximately half of the stake at a $1.25 trillion valuation. An executive
GateNews2m ago
Ark Invest Buys 500K+ Robinhood Shares on Wednesday as Analysts Eye April Trading Surge
According to reports, Cathie Wood's Ark Invest purchased over 500,000 Robinhood shares on Wednesday, as analysts believe a surge in April trading activity will outweigh the company's recent earnings disappointment.
GateNews7m ago
Franklin Templeton FOBXX Reaches $19.8B on Stellar, Becomes Second-Largest RWA
According to Cointelegraph, Franklin Templeton's FOBXX fund reached $19.8 billion in assets on May 1, becoming the second-largest real-world asset (RWA) on the Stellar network.
GateNews9m ago
Tesla Generated Over $500M in Sales to SpaceX and xAI in 2025
According to BlockBeats, Tesla disclosed on May 1 that it generated over $500 million in revenue through product sales to SpaceX and xAI in 2025. The company previously reported $430.1 million in sales to xAI as of January, with an additional $143.3 million from SpaceX disclosed in its updated
GateNews22m ago
A major exchange launched a crypto and xStocks investment portfolio, covering both digital assets and tokenized stocks.
PANews May 1 news: According to Cointelegraph, a leading exchange has launched a crypto and xStocks investment portfolio, integrating digital assets and tokenized stocks into a single automated investment portfolio. The portfolio covers more than 200 cryptocurrencies and 50 tokenized stocks, aiming to provide users with diversified investment options.
GateNews32m ago
Intel Surges 114% in April on Strong Earnings and AI Optimism
According to CNBC, Intel's stock surged 114% in April, marking its best month on record, driven by stronger quarterly earnings and renewed investor optimism about its AI-related recovery. Shares jumped 24% on April 24 after CEO Lip-Bu Tan announced that quarterly revenue rose more than 7%, while
GateNews32m ago
