Apple reports third quarter results

July 30, 2026 at 16:30 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

June quarter records for total company revenue and EPS

iPhone, Mac and Services revenue set new June quarter records

Apple® today announced financial results for its fiscal 2026 third quarter ended June 27, 2026. The Company posted quarterly revenue of $109.4 billion, up 16 percent year over year. Company gross margin was 50.1 percent, including a favorable impact of approximately 2 percentage points from tariff refunds. Diluted earnings per share was $2.02, up 29 percent year over year, and included a favorable impact of $0.11 from tariff refunds.

“Today, Apple is proud to report our strongest June quarter ever, with double-digit revenue growth across iPhone, Mac and Services, and in every geographic segment,” said Tim Cook, Apple’s CEO. “At WWDC26, we were thrilled to introduce the all-new Siri AI, alongside all of Apple’s latest software innovations and important new child safety features.”

“We are very pleased with our record business performance during the quarter, which set new June quarter records for both EPS and operating cash flow,” said Kevan Parekh, Apple’s CFO. “Our installed base of active devices also reached a new all-time high across all major product categories and geographic segments.”

Apple’s board of directors has declared a cash dividend of $0.27 per share of the Company’s common stock. The dividend is payable on August 13, 2026, to shareholders of record as of the close of business on August 10, 2026.

Apple will provide live streaming of its Q3 2026 financial results conference call beginning at 2:00 p.m. PT on July 30, 2026, at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter.

Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about payment of the Company’s quarterly dividend and future business plans. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. Risks and uncertainties include without limitation: effects of global and regional economic conditions, including as a result of government policies, trade and other international disputes, geopolitical tensions, conflict, terrorism, natural disasters, and public health issues; risks relating to the design, manufacture, introduction, and transition of products and services in highly competitive and rapidly changing markets, including from reliance on third parties for components, technology, manufacturing, applications, services, support, and content; risks relating to information technology system failures, network disruptions, and failure to protect, loss of, or unauthorized access to, or release of, data; and effects of unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date they are made.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at media.help@apple.com.

Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and per-share amounts)

	Three Months Ended					Nine Months Ended
	June 27, 2026		June 28, 2025			June 27, 2026		June 28, 2025
Net sales:
Products	$	78,678	$	66,613		$	272,629	$	233,287
Services		30,739		27,423			91,728		80,408
Total net sales ⁽¹⁾		109,417		94,036			364,357		313,695
Cost of sales:
Products		47,153		43,620			163,810		147,097
Services		7,494		6,698			21,765		19,738
Total cost of sales		54,647		50,318			185,575		166,835
Gross margin		54,770		43,718			178,782		146,860

Operating expenses:
Research and development		11,729		8,866			34,035		25,684
Selling, general and administrative		7,346		6,650			22,315		20,553
Total operating expenses		19,075		15,516			56,350		46,237

Operating income		35,695		28,202			122,432		100,623
Other income/(expense), net		572		(171	)		670		(698	)
Income before provision for income taxes		36,267		28,031			123,102		99,925
Provision for income taxes		6,478		4,597			21,638		15,381
Net income	$	29,789	$	23,434		$	101,464	$	84,544

Earnings per share:
Basic	$	2.03	$	1.57		$	6.91	$	5.64
Diluted	$	2.02	$	1.57		$	6.88	$	5.62
Shares used in computing earnings per share:
Basic		14,656,110		14,902,886			14,692,515		14,992,898
Diluted		14,714,676		14,948,179			14,750,302		15,051,726

⁽¹⁾ Net sales by reportable segment:
Americas	$	45,781	$	41,198		$	149,403	$	134,161
Europe		29,395		24,014			95,596		82,329
Greater China		18,816		15,369			64,839		49,884
Japan		6,554		5,782			24,368		22,067
Rest of Asia Pacific		8,871		7,673			30,151		25,254
Total net sales	$	109,417	$	94,036		$	364,357	$	313,695

⁽¹⁾ Net sales by category:
iPhone	$	54,252	$	44,582		$	196,515	$	160,561
Mac		10,352		8,046			27,137		24,982
iPad		6,191		6,581			21,700		21,071
Wearables, Home and Accessories		7,883		7,404			27,277		26,673
Services		30,739		27,423			91,728		80,408
Total net sales	$	109,417	$	94,036		$	364,357	$	313,695

Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and par value)

	June 27, 2026			September 27, 2025
ASSETS:
Current assets:
Cash and cash equivalents	$	39,544		$	35,934
Marketable securities		22,855			18,763
Accounts receivable, net		31,398			39,777
Vendor non-trade receivables		27,509			33,180
Inventories		11,092			5,718
Other current assets		17,420			14,585
Total current assets		149,818			147,957

Non-current assets:
Marketable securities		84,118			77,723
Property, plant and equipment, net		51,431			49,834
Intangible assets, net		20,342			11,093
Other non-current assets		77,557			72,634
Total non-current assets		233,448			211,284
Total assets	$	383,266		$	359,241

LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current liabilities:
Accounts payable	$	64,525		$	69,860
Other current liabilities		62,259			66,387
Deferred revenue		9,538			9,055
Commercial paper		1,997			7,979
Term debt		11,007			12,350
Total current liabilities		149,326			165,631

Non-current liabilities:
Term debt		71,340			78,328
Other non-current liabilities		55,080			41,549
Total non-current liabilities		126,420			119,877
Total liabilities		275,746			285,508

Commitments and contingencies

Shareholders’ equity:
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 14,608,963 and 14,773,260 shares issued and outstanding, respectively		100,702			93,568
Retained earnings/(Accumulated deficit)		11,326			(14,264	)
Accumulated other comprehensive loss		(4,508	)		(5,571	)
Total shareholders’ equity		107,520			73,733
Total liabilities and shareholders’ equity	$	383,266		$	359,241

Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions)

	Nine Months Ended
	June 27, 2026			June 28, 2025
Cash, cash equivalents, and restricted cash and cash equivalents, beginning balances	$	35,934		$	29,943

Operating activities:
Net income		101,464			84,544
Adjustments to reconcile net income to cash generated by operating activities:
Depreciation and amortization		9,973			8,571
Share-based compensation expense		10,523			9,680
Other		(2,037	)		(1,748	)
Changes in operating assets and liabilities:
Accounts receivable, net		8,316			5,685
Vendor non-trade receivables		5,671			13,555
Inventories		(5,461	)		1,223
Other current and non-current assets		(16,266	)		(6,116	)
Accounts payable		(5,203	)		(18,479	)
Other current and non-current liabilities		10,016			(15,161	)
Cash generated by operating activities		116,996			81,754

Investing activities:
Purchases of marketable securities		(48,752	)		(17,591	)
Proceeds from maturities of marketable securities		26,504			35,036
Proceeds from sales of marketable securities		12,016			10,785
Payments for acquisition of property, plant and equipment		(6,799	)		(9,473	)
Other		(1,780	)		(975	)
Cash generated by/(used in) investing activities		(18,811	)		17,782

Financing activities:
Payments for taxes related to net share settlement of equity awards		(6,462	)		(5,719	)
Payments for dividends and dividend equivalents		(11,778	)		(11,559	)
Repurchases of common stock		(62,094	)		(70,579	)
Proceeds from issuance of term debt, net		—			4,481
Repayments of term debt		(8,146	)		(9,682	)
Repayments of commercial paper, net		(5,911	)		(65	)
Other		(184	)		(87	)
Cash used in financing activities		(94,575	)		(93,210	)

Increase in cash, cash equivalents, and restricted cash and cash equivalents		3,610			6,326
Cash, cash equivalents, and restricted cash and cash equivalents, ending balances	$	39,544		$	36,269

Supplemental cash flow disclosure:
Cash paid for income taxes, net	$	26,555		$	37,332