Stay On This Site to Receive Live Apple Q3 Earnings Updates
Services revenue hit a quarterly record of $30.7 billion as iPhone sales rose 22%, helping Apple beat Wall Street expectations.
- Apple reported $109.4 billion in revenue for the fiscal third quarter ended June 27, a 16% increase, marking CEO Tim Cook's final earnings report after 15 years leading the company.
- John Ternus, senior VP of hardware engineering, will assume the CEO role on Sept. 1, while Cook transitions to executive chairman of Apple's board as part of a planned succession.
- Core iPhone sales rose 22% to $54.3 billion, while the services business achieved a record $30.7 billion, though the latter fell slightly short of Wall Street forecasts of $31.36 billion.
- Net income surged 27% to $29.8 billion, translating to $2.02 per share including an 11-cent tariff refund; however, Apple's stock fell 4% after hours due to services missing analyst expectations.
- The results cap an eventful week where Apple briefly reached a $5 trillion market cap, and on Tuesday introduced the Apple Upgrade leasing program following June price increases on key devices.
22 Articles
22 Articles
Stay On This Site to Receive Live Apple Q3 Earnings Updates
Apple presented the financial results for the third fiscal quarter of 2026 and again exceeded Wall Street's expectations. The company recorded a revenue of 109.4 billion dollars, a...
Apple recorded net profit of about US$29.8 billion in the third fiscal quarter of 2026, closed on June 27, which represents a performance 27.1% higher than reported in the same period of the previous year. Diluted by action, the profit rose from US$1.57 to US$2.02. The company's net revenue amounted to US$109.42 billion, which means a high of 16.3%. Product billing stood at US$78.7 billion, an annual increase of 18.1%, while service revenues adv…
Revenues from the sale of iPhones rose by just under 22 percent. The Tech Group also set new records for earnings per share and operating cash flow for a spring quarter.
Coverage Details
Bias Distribution
- 45% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
