Why is Apple stock surging today?

Apple shares are climbing after the company posted stronger-than-expected fiscal second-quarter results and gave a June-quarter outlook that topped Wall Street estimates.

Apple reported revenue of $111.184 billion and diluted earnings per share of $2.01 for the quarter ended March 28, 2026. The company said iPhone revenue reached $56.99 billion, while Services revenue rose to $30.976 billion and set a new record.

Reuters reported that the stock jumped in premarket trading after the results, with later market coverage describing the shares as higher by roughly 3% to more than 5% depending on the point in the session. The move was driven by a clear earnings beat and the stronger-than-expected forward guidance.

Apple also authorized a new $100 billion share buyback and raised its dividend. Those actions reinforced the market’s view that the company remains highly cash-generative even as it navigates a tougher cost environment.

There was one note of caution in the outlook. Reuters reported that chief executive Tim Cook warned higher memory costs would weigh on the business starting in June, but investors focused more on the quarter’s strength and the better-than-expected guidance.

In short, the stock is surging because Apple beat estimates, delivered solid iPhone and Services sales, and pointed to a stronger next quarter than analysts had expected.