Apple’s $100 Billion Buyback Machine Keeps Wall Street Watching

Apple approved a fresh $100 billion share buyback alongside its fiscal Q2 2026 earnings, reinforcing the company’s capital-return story and highlighting strong cash generation. The article says Apple posted record March-quarter revenue of $111.18 billion, with diluted EPS of $2.01 beating consensus for the eighth straight quarter. Services reached a record $30.98 billion, helping support high-margin recurring cash flow and the scale of the buyback. Apple also raised its quarterly dividend 4% to $0.27 per share. Market reaction has been positive: the stock rose from $270.84 at the filing to $308.63 by July 2, with analysts maintaining a $315 consensus target and prediction markets assigning high odds of further gains. The piece frames the buyback as evidence of Apple’s durable profitability and shareholder-return capacity.