Apple (NASDAQ: AAPL) reports record June‑quarter revenue and EPS
Rhea-AI Filing Summary
Apple Inc. reported fiscal 2026 third‑quarter results for the period ended June 27, 2026, with revenue of $109.4 billion, up 16 percent year over year and a June‑quarter record for total company revenue. Company gross margin was 50.1 percent, including a favorable impact of approximately 2 percentage points from tariff refunds. Diluted earnings per share were $2.02, up 29 percent year over year, including a $0.11 benefit from tariff refunds, and Apple cited double‑digit revenue growth across iPhone, Mac, Services and every geographic segment.
Net income for the quarter was $29,789 million. Products revenue totaled $78,678 million and Services revenue $30,739 million. Cash generated by operating activities for the nine months ended June 27, 2026 was $116,996 million, while repurchases of common stock were $62,094 million. Apple’s board declared a cash dividend of $0.27 per share, payable August 13, 2026 to shareholders of record as of August 10, 2026, and noted that its installed base of active devices reached a new all‑time high.
Positive
- Record June‑quarter performance with revenue of $109.4 billion, up 16 percent year over year, and diluted EPS of $2.02, up 29 percent, both described as June‑quarter records for the company.
- Robust profitability and cash generation as quarterly net income reached $29,789 million and cash generated by operating activities for the nine months ended June 27, 2026 totaled $116,996 million, alongside new all‑time highs in the installed base of active devices.
Negative
- None.
Filing Explained
At June 27, Apple reported 14,608,963 shares outstanding, 39,544 million dollars in cash, and term debt split between current and non-current liabilities.
This Form 8-K reports Apple’s completed fiscal 2026 third-quarter results for the period ended
For existing common holders, Apple reported 14,608,963 shares issued and outstanding at quarter-end, establishing the disclosed ownership base for that date.
The same balance sheet reported
It also reported term debt of
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Quarterly revenue: $109.4 billion
Quarterly net income: $29,789 million
Diluted EPS: $2.02
+5 more
8 metrics
Quarterly revenue
$109.4 billion
Fiscal 2026 third‑quarter revenue, up 16 percent year over year
Quarterly net income
$29,789 million
Net income for the quarter ended June 27, 2026
Diluted EPS
$2.02
Diluted earnings per share for fiscal Q3 2026, up 29 percent year over year
Gross margin
50.1 percent
Company gross margin for fiscal Q3 2026, including about 2 percentage points from tariff refunds
Operating cash flow
$116,996 million
Cash generated by operating activities for nine months ended June 27, 2026
Share repurchases
$62,094 million
Repurchases of common stock during the nine months ended June 27, 2026
Quarterly dividend
$0.27 per share
Cash dividend declared, payable August 13, 2026 to shareholders of record August 10, 2026
Total assets
$383,266 million
Total assets as of June 27, 2026
Key Terms
tariff refunds, operating cash flow, deferred revenue, share-based compensation expense, +1 more
5 terms
tariff refunds financial
"Gross margin was 50.1 percent, with a favorable impact from tariff refunds."
operating cash flow financial
"The quarter set new June records for both EPS and operating cash flow."
Operating cash flow is the amount of money a company earns from its main business activities, like selling products or services. It shows how well the company can generate cash to pay bills, invest in growth, or return money to shareholders. This figure helps investors understand if the company’s core operations are healthy and sustainable.
deferred revenue financial
"Current liabilities included deferred revenue of 9,538 million."
Cash a company has already received for goods or services it has promised but not yet delivered; it's recorded as a liability because the company still owes that product, service, or future revenue recognition. For investors, deferred revenue signals upcoming work or deliveries that will convert into reported sales over time and affects short-term obligations, cash flow quality, and how quickly a firm can grow recognized revenue—think of it like prepaid subscriptions or gift cards a business must honor later.
commercial paper financial
"Current liabilities included commercial paper of 1,997 million."
Short-term IOUs issued by companies to raise cash quickly, sold to investors for a fixed, brief period (usually up to a few months) and repaid with interest at maturity. Think of it as a business borrowing from the public without putting up collateral, like a friend asking to borrow money for a few weeks with a promise to pay back a bit more. Investors watch commercial paper to gauge a company’s short-term funding health and credit risk; difficulty issuing it or rising yields can signal liquidity stress or higher perceived risk.
Earnings Snapshot
Total net sales: $109.4 billion
Fiscal 2026 third quarter ended June 27, 2026
Total net sales
$109.4 billion
up 16 percent year over year
Diluted EPS
$2.02
up 29 percent year over year
Net income
$29,789 million
prior-year quarter net income was $23,434 million
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What were Apple (AAPL)’s revenue and EPS for fiscal Q3 2026?
Apple reported revenue of $109.4 billion, up 16 percent year over year, and diluted EPS of $2.02, up 29 percent, for its fiscal 2026 third quarter ended June 27, 2026, setting new June‑quarter records for total company revenue and EPS.
How profitable was Apple (AAPL) in its fiscal Q3 2026?
Apple generated net income of $29,789 million in fiscal Q3 2026. Company gross margin was 50.1 percent, including a favorable impact of approximately 2 percentage points from tariff refunds, supporting the reported June‑quarter records for earnings per share and operating cash flow.
How did Apple (AAPL)’s Products and Services businesses perform in Q3 2026?
In fiscal Q3 2026, Apple’s Products revenue was $78,678 million and Services revenue was $30,739 million. The company highlighted double‑digit revenue growth across iPhone, Mac and Services, and noted that iPhone, Mac and Services revenue each set new June‑quarter records.
What cash flow did Apple (AAPL) generate in the first nine months of fiscal 2026?
For the nine months ended June 27, 2026, Apple generated $116,996 million in cash from operating activities. Over the same period, the company used $94,575 million in financing activities, including $62,094 million for share repurchases and $11,778 million for dividends and dividend equivalents.
What dividend did Apple (AAPL) declare with its fiscal Q3 2026 results?
Apple’s board declared a cash dividend of $0.27 per share of common stock. The dividend is payable on August 13, 2026 to shareholders of record as of the close of business on August 10, 2026, continuing the company’s capital return program.
How strong was Apple (AAPL)’s balance sheet at June 27, 2026?
At June 27, 2026, Apple reported total assets of $383,266 million, including $39,544 million in cash and cash equivalents and $106,973 million in marketable securities. Total liabilities were $275,746 million, and shareholders’ equity was $107,520 million, reflecting accumulated earnings and capital returns.
Did Apple (AAPL) show growth across regions and products in fiscal Q3 2026?
Apple stated it achieved double‑digit revenue growth across iPhone, Mac and Services, and in every geographic segment. Net sales by region showed contributions from the Americas, Europe, Greater China, Japan and the Rest of Asia Pacific, supporting the company’s record June‑quarter results.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of Registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of principal executive offices) (Zip Code)
(408 ) 996-1010
(Registrant’s telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On July 30, 2026, Apple Inc. (“Apple”) issued a press release regarding Apple’s financial results for its third fiscal quarter ended June 27, 2026. A copy of Apple’s press release is attached hereto as Exhibit 99.1.
The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
| Exhibit Number | Exhibit Description | |||||||
| 99.1 | Press release issued by Apple Inc. on July 30, 2026. | |||||||
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K. | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: | July 30, 2026 | Apple Inc. | |||||||||||||||
| By: | /s/ Kevan Parekh | ||||||||||||||||
| Kevan Parekh | |||||||||||||||||
| Senior Vice President, Chief Financial Officer | |||||||||||||||||
Exhibit 99.1
Apple reports third quarter results
June quarter records for total company revenue and EPS
iPhone, Mac and Services revenue set new June quarter records
CUPERTINO, CALIFORNIA — 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.
Press Contact:
Josh Rosenstock
Apple
jrosenstock@apple.com
(408) 862-1142
Investor Relations Contact:
Suhasini Chandramouli
Apple
suhasini@apple.com
(408) 974-3123
NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at media.help@apple.com.
© 2026 Apple Inc. All rights reserved. Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.
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 | |||||||