When Were the Apple Q3 FY2026 Earnings Released?Apple announced its fiscal third-quarter 2026 financial results after the U.S. market closed on Thursday, July 30, 2026.The results covered the three moWhen Were the Apple Q3 FY2026 Earnings Released?Apple announced its fiscal third-quarter 2026 financial results after the U.S. market closed on Thursday, July 30, 2026.The results covered the three mo
Apple Q3 FY2026 Earnings Results: iPhone and Mac Sales Beat, but AAPL Stock Falls on Below-Consensus Guidance
Key Takeaways
Apple released its fiscal third-quarter 2026 earnings on July 30. Revenue rose 16% to a June-quarter record of $109.4 billion, while earnings per share reached $2.02. Strong iPhone and Mac sales helped Apple beat Wall Street expectations. However, Services revenue missed estimates, and Apple issued weaker-than-expected September-quarter guidance because of supply constraints.
When Were the Apple Q3 FY2026 Earnings Released?
Apple announced its fiscal third-quarter 2026 financial results after the U.S. market closed on Thursday, July 30, 2026.
The results covered the three months ended June 27. Apple officially reports this period as FY2026 Q3, although it largely corresponds to the April-to-June calendar quarter.
Investors can review Apple’s official Q3 FY2026 earnings release and the company’s consolidated financial statements for the complete results.
Did Apple Beat Q3 FY2026 Earnings Expectations?
Apple reported quarterly revenue of $109.42 billion, up 16% from $94.04 billion one year earlier. The result was slightly above Wall Street’s estimate of approximately $109 billion.
Diluted earnings reached $2.02 per share, up 29% from $1.57 and above analysts’ expectation of approximately $1.89.
Net income increased to $29.79 billion, compared with $23.43 billion in the same quarter last year. Apple described the period as its strongest June quarter on record.
Apple said tariff refunds contributed approximately $0.11 per share to reported earnings. Even after excluding this benefit, EPS remained above the Wall Street consensus.
iPhone Revenue Increased 22%
iPhone revenue rose 21.7% to $54.25 billion, compared with $44.58 billion one year earlier.
The result exceeded analysts’ estimate of approximately $53.86 billion and established a new June-quarter record for Apple’s largest product category.
The performance was notable because iPhone demand often begins to slow during the June quarter as customers wait for new models expected later in the year.
However, investors will need to determine whether this growth rate can continue if supply constraints limit production or higher component costs lead to future pricing changes.
Mac Revenue Jumped 29%
Mac revenue increased 28.7% to $10.35 billion, up from $8.05 billion one year earlier and well above analysts’ estimate of approximately $8.74 billion.
Apple recorded strong demand across its Mac lineup despite limited supplies of the advanced manufacturing capacity used to produce Apple silicon. Tim Cook told Reuters that the main supply constraint during the June quarter involved advanced chipmaking technology, with the Mac business particularly affected.
The result made Mac one of Apple’s fastest-growing major product categories during the quarter.
Apple Services Revenue Missed Expectations
Apple Services revenue increased 12.1% to $30.74 billion, compared with $27.42 billion one year earlier.
The business set a new June-quarter record but fell below analysts’ estimate of approximately $31.22 billion. Services includes the App Store, iCloud, Apple Music, Apple TV, Apple Pay and other subscription and digital businesses.
During the earnings call, CFO Kevan Parekh said mobile-gaming revenue faced pressure. Changes to Apple’s App Store business model in certain markets, including the effect of the Epic Games link-out ruling in the United States, also weighed on growth.
Services generally produces more recurring revenue and higher margins than Apple’s hardware businesses. Its slower-than-expected growth therefore partly offset the stronger iPhone and Mac results.
iPad Revenue Declined 6%
iPad revenue fell 5.9% to $6.19 billion, compared with $6.58 billion one year earlier. The result was below analysts’ estimate of approximately $6.92 billion.
Cook attributed part of the decline to a difficult year-over-year comparison following the launch of a lower-priced iPad during the previous period.
Wearables, Home and Accessories Revenue Reached $7.88 Billion
Wearables, Home and Accessories revenue increased to $7.88 billion, up approximately 6% from $7.40 billion one year earlier.
This category includes Apple Watch, AirPods, Vision products, HomePod and other accessories. Although it remained smaller than Apple’s iPhone, Mac and Services businesses, it was the company’s fourth-largest reported product category during the quarter.
Greater China Revenue Increased 22%
Apple’s Greater China revenue increased 22.4% to $18.82 billion, compared with $15.37 billion one year earlier.
The result represented strong double-digit growth but remained below the approximately $19.67 billion expected by analysts surveyed by Visible Alpha.
China remains important to Apple as both a consumer market and a major part of its manufacturing supply chain. Investors will continue watching whether the current sales growth can be sustained during the next iPhone product cycle.
Apple’s Reported Gross Margin Reached 50.1%
Apple reported a quarterly gross margin of 50.1%.
The company said tariff refunds contributed approximately two percentage points to the reported margin. Removing that estimated benefit implies a gross margin of roughly 48.1%, although Apple did not separately report this figure as an official non-GAAP metric.
The implied figure was still slightly above the approximately 47.9% expected by analysts. However, rising memory costs and restricted access to advanced chipmaking capacity could create additional pressure in future quarters.
What Guidance Did Apple Provide During the Earnings Call?
During the earnings call, Apple said it expected September-quarter revenue to grow between 9% and 11% year over year.
Wall Street had expected growth of approximately 12%, making Apple’s outlook lower than the market consensus.
Apple also forecast iPhone revenue growth in the mid-teens percentage range, compared with analysts’ expectation of approximately 17.6%. Gross margin was expected to remain between 47% and 48%.
Management described the weaker outlook mainly as a supply issue rather than evidence of lower customer demand.
Cook said the principal constraint during the June quarter involved advanced chipmaking capacity used for Apple silicon. Separately, he said Apple was evaluating alternative memory suppliers as limited availability and rising memory costs became broader concerns.
What Did Apple Say About AI and Siri?
Apple highlighted the all-new Siri AI system introduced at WWDC26 as part of its broader software and artificial-intelligence strategy.
During the earnings call, Cook said Apple may provide upgrade options through higher levels of iCloud+ for users who need more advanced capabilities.
This suggests a possible subscription-based route for monetizing Apple’s AI features. However, Apple has not yet disclosed specific pricing, adoption or revenue metrics for the new Siri AI system.
Why Did AAPL Stock Fall After Earnings?
AAPL stock fell in after-hours trading following the earnings release. Reuters reported a decline of approximately 5.5% at the time of its latest update, although the exact after-hours movement varied as trading continued.
Investors appeared to focus on three areas: September-quarter revenue guidance below the market consensus, significant supply constraints and Services revenue that missed expectations.
The market may also be questioning whether the June quarter’s strong iPhone and Mac growth can continue if Apple cannot secure enough advanced chips and memory components to satisfy demand.
What Should Investors Watch Next?
The central question is whether Apple can expand product supply before the next major iPhone launch cycle.
Investors should monitor advanced-chip availability, memory costs, iPhone pricing, Services growth and Apple’s gross margin.
The adoption and monetization of the new Siri AI system will also become increasingly important as investors compare Apple’s AI strategy with the larger infrastructure investments being made by Microsoft, Amazon, Alphabet and Meta.
Explore Apple and Stock-Related Markets on MEXC
Apple’s quarterly results allow market participants to follow iPhone demand, Services growth, China revenue, semiconductor supply conditions and the development of Apple’s AI strategy.
Users can register for access to U.S. stocks and review the U.S. stocks trading guide.
MEXC also provides access to U.S. stock-related futures markets, together with a futures trading tutorial.
FAQ
Did Apple Beat Q3 FY2026 Earnings Expectations?
Yes. Apple reported revenue of $109.42 billion and diluted EPS of $2.02, both above Wall Street expectations of approximately $109 billion and $1.89 per share.
How Much Did iPhone Revenue Grow?
iPhone revenue increased 21.7% year over year to $54.25 billion, exceeding analysts’ estimate of approximately $53.86 billion.
What Guidance Did Apple Provide for the September Quarter?
During the earnings call, Apple forecast revenue growth of 9% to 11% and gross margin of 47% to 48%. Its revenue-growth forecast was below Wall Street’s expectation of approximately 12%.
Why Did AAPL Stock Fall After Earnings?
AAPL stock fell as investors focused on below-consensus guidance, supply constraints and Services revenue that missed expectations. Reuters reported that the shares were down approximately 5.5% in after-hours trading at the time of its latest update.
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