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AAPL · Q3 2026
Archived report (Q3 2026). Latest deep dive →
The quarter in brief
An exceptionally strong quarter with revenue up 16% and net income up 27%, driven by broad-based double-digit growth in iPhone, Mac and Services across every geography, though about 2 points of gross margin and $0.11 of EPS were boosted by a one-time tariff refund benefit.
Net Income
$29,789M
up 27.1% y/y
Total Revenue
$109,417M
up 16.4% y/y
Operating Income
$35,695M
up 26.6% y/y
Gross Margin
$54,770M
up 25.3% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| iPhone | $54,252 · +21.7% |
| Mac | $10,352 · +28.7% |
| iPad | $6,191 · -5.9% |
| Wearables, Home & Accessories | $7,883 · +6.5% |
| Services | $30,739 · +12.1% |
| Total Revenue | $109,417 · +16.4% |
| Cost of Sales | $54,647 · +8.6% |
| Gross Margin | $54,770 · +25.3% · 50.1% margin |
| R&D | $11,729 · +32.3% |
| SG&A | $7,346 · +10.5% |
| Operating Income | $35,695 · +26.6% · 32.6% margin |
| Other Income, net | $572 · vs $(171) |
| Pre-Tax Income | $36,267 · +29.4% |
| Income Tax | $6,478 · +40.9% |
| Net Income | $29,789 · +27.1% · $2.02 diluted EPS |
Verdict: an exceptionally strong quarter with revenue up 16% and net income up 27%, driven by broad-based double-digit growth in iPhone, Mac and Services across every geography, though about 2 points of gross margin and $0.11 of EPS were boosted by a one-time tariff refund benefit.
9-month operating cash flow $117.0B; buybacks $62.1B and dividends $11.8B (9-month); quarterly dividend declared $0.27/share payable 8/13/2026.
Source and notation
* marks non-cash / ≈ estimated. Source: Apple Inc. press release / 10-Q (SEC EDGAR).
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Chart: “AAPL Q3 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/aapl/q3-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/aapl/q3-2026"><img src="https://whoreportstoday.com/t/aapl/q3-2026/sankey.png" alt="AAPL Q3 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/aapl/q3-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/aapl/q3-2026">AAPL Q3 2026 earnings chart (Who Reports Today)</a>
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- Gross margin of 50.1% included ~2 points of favorable impact from tariff refunds; diluted EPS of $2.02 (+29% y/y) included $0.11 from the same one-off.
- iPhone revenue hit a June-quarter record at $54,252M (+21.7% y/y), the largest single growth driver.
- Services grew 12.1% y/y to $30,739M, also a June-quarter record, continuing its high-margin mix shift.
- All five geographic segments posted double-digit growth, led by Greater China (+22.4%) rebounding sharply.
- Other income turned positive ($572M) versus a $171M expense a year ago, adding modestly to pre-tax income.
- Effective tax rate rose to 17.9% from 16.4% a year ago.
What distorts the picture in this report and what to watch beyond the headlines.
AAPL — Apple designs and manufactures consumer electronics, software, and digital services.
Key products include the iPhone, Mac, iPad, Apple Watch, and services like the App Store and iCloud, with headquarters in Cupertino, California.
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