Apple reported its third‑quarter 2026 earnings, marking Tim Cook’s final full quarter and concluding a period of steep price hikes across the company’s product lines.
Revenue reached $109.4 billion, a 16 % year‑over‑year increase, with a gross margin of 50.1 % and diluted earnings per share of $2.02, up 29 % from the prior year.
The company highlighted double‑digit growth in iPhone, Mac and Services across all regions. Mac revenue rose 29 % to $10.4 billion, setting a June‑quarter record and attracting both upgraders and new customers.
iPhone revenue climbed to $54.3 billion, a 22 % increase, while Services generated $30.7 billion, up 14 %. Wearables, Home and Accessories contributed $7.9 billion, and iPad sales fell to $6.2 billion from $6.6 billion.
The board declared a cash dividend of $0.27 per share, payable on August 13 to shareholders of record on August 10.
Earnings per share included a $0.11 benefit from tariff refunds; without it, earnings would have been $1.91 per share, close to analysts’ expectations of $1.88.
Revenue from the Greater China region slipped to $18.8 billion, missing the $19.5 billion forecast, and higher pricing pressures continued to weigh on iPad performance.
Research and development spending rose to $11.7 billion, a 31 % increase over the previous year, reflecting intensified investment in new technologies.
After the results, the stock fell more than 4 % in after‑hours trading. In the earnings call, the CFO projected overall revenue growth of 9 % to 11 % for the next quarter, noting that ongoing supply‑chain constraints could affect Mac, iPhone and iPad sales.
The market reaction extended into the regular session, with the share price decreasing by $23 following the outlook.
