Apple — 2026Q3 earnings
reported 2026-07-30
EPS $2.02 vs $1.89 est — beat
next session -7.4% (close 2026-07-30 → 2026-07-31)
Source
Press release ↗Summary
The strongest June quarter in Apple's history — revenue up 16% to $109.4 billion with records across iPhone, Mac and Services, double-digit growth in every geography, and EPS up 29% to $2.02 — though one-time tariff refunds flattered the print, adding roughly 2 points to the 50.1% gross margin and $0.11 to EPS. The call carried the bigger news: it was Tim Cook's final earnings call as CEO, with John Ternus taking over going forward. CFO Kevan Parekh guided gross margin down to 47%-48%, with only about one point of remaining tariff-refund benefit versus roughly two points in Q3, so the headline margin will normalize lower.
Earnings call
Earnings call webcast ↗Review
From the report
Apple's fiscal Q3 2026 (ended June 27, 2026) was its strongest June quarter ever: revenue of $109.4 billion rose 16 percent year over year with June-quarter records for iPhone, Mac and Services and double-digit growth in every geographic segment, while diluted EPS of $2.02 grew 29 percent — though both gross margin (about 2 points) and EPS ($0.11) were flattered by one-time tariff refunds.
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Total revenue was a June-quarter record $109.4 billion, up 16 percent year over year. show quote
“The Company posted quarterly revenue of $109.4 billion, up 16 percent year over year.”
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Gross margin reached 50.1 percent, but roughly 2 percentage points of that came from one-time tariff refunds. show quote
“Company gross margin was 50.1 percent, including a favorable impact of approximately 2 percentage points from tariff refunds.”
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Diluted EPS of $2.02 grew 29 percent year over year, including a favorable $0.11 impact from tariff refunds. show quote
“Diluted earnings per share was $2.02, up 29 percent year over year, and included a favorable impact of $0.11 from tariff refunds.”
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CEO Tim Cook called it Apple's strongest June quarter ever, with double-digit revenue growth across iPhone, Mac and Services and in every geographic segment. show quote
““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.”
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The board declared a cash dividend of $0.27 per share, payable August 13, 2026 to holders of record as of August 10, 2026. show quote
“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.”
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From the call
The July 30 call was Tim Cook's final earnings call as CEO, with John Ternus taking over the calls going forward; alongside the record June quarter, CFO Kevan Parekh guided gross margin down to 47%-48% — including only about one point of remaining tariff-refund benefit versus roughly two points in Q3.
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CEO Tim Cook opened by reporting $109.4 billion in revenue, up 16% from a year ago and a June quarter record. show quote
“Today, Apple is pleased to report $109.4 billion in revenue, up 16% from a year ago and a June quarter record.”
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Tim Cook confirmed this was his final earnings call as CEO, with incoming CEO John Ternus leading future calls. show quote
“As you know, this will be my final earnings call, and John will lead these calls going forward.”
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CFO Kevan Parekh guided gross margin to 47%-48%, including roughly one percentage point of benefit from tariff refunds — down from the 50.1% just reported. show quote
“We expect gross margin to be between 47%-48%. This includes an expected benefit of approximately one percentage point related to tariff refunds.”
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as of 2026-08-10