Apple reported quarterly revenue of $109.4bn for Q2 2026, surpassing Wall Street estimates of $108.65bn, with earnings per share of $2.02 driven by iPhone and laptop sales. Amazon also beat revenue forecasts in the same reporting period. Both results were reported by Guardian Business on 30 July 2026, released after the market close.
Apple's common stock (AAPL) is directly tied to the earnings result, with the reported revenue and EPS figures now on record against prior analyst consensus of $108.65bn. Amazon's common stock (AMZN) is similarly connected as the company's revenue beat was confirmed in the same reporting cycle. Both instruments trade on US exchanges and their quarterly results are primary drivers of post-close price movement.
The earnings reports arrive as investors are reassessing tech sector valuations in the context of concerns over AI spending levels, according to Guardian Business. The broader reporting period has seen weakness in equity markets, with these two results representing a significant data point for the technology sector's fundamental performance during that stretch.
Sources: Guardian Business, Cnbc TOP