In the third quarter of fiscal year 2026 (ending June 27, 2026), Apple reported revenue of $109.4 billion—a 16 percent increase from the previous year and a new record for a June quarter. Net income climbed to $29.8 billion, and diluted earnings per share rose 29 percent to $2.02. Growth was driven primarily by the iPhone, Mac, and Services businesses, all of which set new records for this quarter.
Key Highlights:
- Revenue: $109.4 billion (+16%)
- Profit: $29.8 billion, EPS $2.02 (+29%)
- Gross margin: 50.1% (previous year: 46.5%)
- Record results for iPhone, Mac, and Services
- Dividend: $0.27 per share, payable on August 13, 2026
iPhone and Mac Show Strong Growth
The iPhone remains Apple’s most important revenue driver. With $54.3 billion in revenue, the division grew by 22 percent, setting a new record for the month of June. The Mac division saw even more dynamic growth: Revenue there rose by 29 percent to $10.4 billion.
The Services business—which includes the App Store, Apple Music, iCloud, and Apple TV+—also reached a record high of $30.7 billion (+12 percent). However, analysts had expected around $31.2 billion, which is why the segment fell slightly short of expectations. The only decline was in the iPad segment, which dropped 6 percent to $6.2 billion.
| Product Segment | Revenue Q3/2026 | Change from the Previous Year |
|---|---|---|
| iPhone | $54.3 billion | +22% |
| Mac | $10.4 billion | +29% |
| iPad | $6.2 billion | −6% |
| Wearables, Home & Accessories | $7.9 billion | +6% |
| Services | $30.7 billion | +12% |
China Shows Significant Growth Again
According to Apple, the company posted double-digit growth across all regions. Particularly notable: business in Greater China rose by 22 percent to $18.8 billion, after the region had recently been a source of concern. Europe also grew by 22 percent to $29.4 billion, while the U.S. home market grew by 11 percent to $45.8 billion. CFO Kevan Parekh emphasized that the installed base of active devices had reached a new all-time high across all major product categories and regions.
Tariff Rebates Boost Margin
The gross margin rose to 50.1 percent—up from 46.5 percent in the same quarter a year ago. According to Apple, about two percentage points of this increase are attributable to tariff refunds, which additionally boosted earnings per share by $0.11. Also notable is the significant increase in research and development spending: With $11.7 billion, Apple invested about one-third more here than a year ago—an indication of how much money is flowing into AI projects such as the new Siri unveiled at WWDC26.
CEO Tim Cook called it the “best June quarter ever” and, in addition to the record figures, highlighted the new software releases and new child safety features. The Board of Directors approved a dividend of $0.27 per share, to be paid on August 13, 2026.
Conclusion on Apple’s Quarterly Results
Apple’s quarterly results for Q3 2026 are strong: record revenue, significantly higher profit, and surprisingly robust business in China. Minor setbacks include the struggling iPad and services revenue that fell just short of analysts’ estimates. All in all, however, Apple demonstrates that demand for the iPhone and Mac remains strong—and that its multi-billion-dollar investments in AI are slowly gaining momentum.
Sources: Apple Newsroom, Apple Consolidated Financial Statements Q3/2026.
