# Apple (AAPL) Q3 FY2026 earnings

Results filed 2026-07-30 for the quarter ended 2026-06-27. Source page: https://earnings.opennash.com/companies/aapl/2026-q3/
Press release and exhibits: https://www.sec.gov/Archives/edgar/data/320193/000032019326000018/0000320193-26-000018-index.htm
> Summaries and transcripts are machine-generated and can contain errors.

## In brief

Apple reported fiscal third quarter revenue of $109.4 billion, up 16 percent year over year, with diluted earnings per share of $2.02, up 29 percent.

Apple posted its strongest June quarter ever. Revenue was $109.4 billion, up 16 percent from a year ago, with double-digit growth in iPhone, Mac and Services and in every geographic segment. Diluted earnings per share were $2.02, up 29 percent. Gross margin was 50.1 percent, which included a favorable impact of about 2 percentage points from tariff refunds. The board declared a dividend of $0.27 per share.
The release gives no revenue, margin or spending outlook for the next quarter, and no call transcript was provided. The main tension is quality of earnings. Tariff refunds added about 2 percentage points to gross margin and $0.11 to EPS, so those gains may not repeat. Research and development spending also rose to $11,729 million from $8,866 million a year earlier, and inventories roughly doubled to $11,092 million from $5,718 million at the end of the last fiscal year.

## Key numbers

| Metric | Value | Change | Basis |
| --- | --- | --- | --- |
| Total net sales | $109.4 billion | up 16 percent year over year | GAAP |
| Gross margin percentage | 50.1 percent |  | GAAP |
| Diluted earnings per share | $2.02 | up 29 percent year over year | GAAP |
| Net income (three months, $ millions) | $29,789 |  | GAAP |
| Operating income (three months, $ millions) | 35,695 |  | GAAP |
| Cash generated by operating activities (nine months, $ millions) | 116,996 |  | GAAP |

## Segments and operating metrics

| Name | Value | Change |
| --- | --- | --- |
| iPhone net sales ($ millions) | $54,252 | vs $44,582 a year ago |
| Mac net sales ($ millions) | 10,352 | vs 8,046 a year ago |
| iPad net sales ($ millions) | 6,191 | vs 6,581 a year ago |
| Wearables, Home and Accessories net sales ($ millions) | 7,883 | vs 7,404 a year ago |
| Services net sales ($ millions) | 30,739 | vs 27,423 a year ago |
| Americas net sales ($ millions) | $45,781 | vs $41,198 a year ago |
| Europe net sales ($ millions) | 29,395 | vs 24,014 a year ago |
| Greater China net sales ($ millions) | 18,816 | vs 15,369 a year ago |

## Key takeaways

1. **Record June quarter for revenue and EPS** Revenue was $109.4 billion, up 16 percent year over year, and diluted EPS was $2.02, up 29 percent. iPhone, Mac and Services set June quarter records.
2. **Tariff refunds flattered margin and EPS** Gross margin of 50.1 percent included a favorable impact of approximately 2 percentage points from tariff refunds. Diluted EPS included a favorable $0.11 from the refunds.
3. **Growth came from every geographic segment** Greater China net sales were $18,816 million versus $15,369 million a year earlier, and Europe was $29,395 million versus $24,014 million. Americas reached $45,781 million.
4. **Research and development spending jumped sharply** R&D was $11,729 million in the quarter versus $8,866 million a year earlier. Apple highlighted the all-new Siri AI introduced at WWDC26.
5. **Cash returns continue alongside rising inventories** Apple repurchased $62,094 million of stock in nine months and declared a $0.27 per share dividend. Inventories rose to $11,092 million from $5,718 million at September 27, 2025.

## Questions

**What were Apple's results for the June 2026 quarter?** Apple reported revenue of $109.4 billion, up 16 percent year over year, and diluted EPS of $2.02, up 29 percent. Gross margin was 50.1 percent.
**How much did tariff refunds help Apple's results?** Tariff refunds added approximately 2 percentage points to gross margin and $0.11 to diluted EPS.
**Which products and regions drove growth?** iPhone net sales were $54,252 million, Mac $10,352 million and Services $30,739 million, with double-digit growth in all three. Every geographic segment also grew, including Greater China at $18,816 million.
**Did Apple give guidance for next quarter?** No. The release contains no forward-looking revenue, margin or spending figures, and no call transcript was provided.
**What is Apple's dividend?** The board declared a cash dividend of $0.27 per share, payable on August 13, 2026 to shareholders of record as of August 10, 2026.

## Slides and investor documents

- [Financial Statements](https://www.apple.com/newsroom/pdfs/fy2026q3/FY26_Q3_Consolidated_Financial_Statements.pdf) (Financial tables)
- [10-Q](https://s2.q4cdn.com/470004039/files/doc_earnings/2026/q3/filing/10Q-Q3-2026-as-filed.pdf) (Document)