Key Highlights

  • Apple reported June-quarter Revenue of $109.4 billion, up 16 per cent year on year, with diluted EPS of $2.02.
  • Gross Margin was 50.1 per cent, including about two percentage points from Tariff refunds.
  • The fiscal fourth-quarter report is scheduled for Monday 2 November 2026 after the US market close.

Where Apple stands before its next report

Apple Inc. (NASDAQ:AAPL) has no new results to announce today. Its most recent financial report covers the fiscal third quarter, which ended on 27 June 2026 and was discussed on a call on 30 July 2026. The next report, for the fiscal fourth quarter, is scheduled for Monday 2 November 2026 after the US market close.

That timing makes the June-quarter figures the latest firm evidence of how the Business is performing.

Apple designs and sells consumer hardware, including the iPhone, Mac and iPad, alongside a growing services business covering payments, subscriptions, Advertising and the App Store. Results for the fiscal fourth quarter will complete the company's 2026 financial year, so the 2 November report is also a full-year marker.

The June quarter in numbers

Revenue was $109.4 billion, up 16 per cent year on year. Net Income rose to $29.8 billion from $23.4 billion, and Diluted Earnings per Share were $2.02, a 29 per cent increase.

Apple's release states that earnings per share included $0.11 from tariff refunds, and that gross margin of 50.1 per cent included about two percentage points from the same source. Those items are worth separating when judging underlying profitability.

Products revenue was $78.7 billion, compared with $66.6 billion a year earlier.

Product and regional detail

iPhone revenue reached $54.3 billion from $44.6 billion, and Mac revenue rose to $10.4 billion from $8.0 billion. iPad moved in the opposite direction, slipping to $6.2 billion from $6.6 billion, while Wearables, Home and Accessories edged up to $7.9 billion from $7.4 billion.

Every reported region grew. Greater China sales were $18.8 billion against $15.4 billion, Europe $29.4 billion against $24.0 billion, and the Americas $45.8 billion against $41.2 billion.

Chief executive Tim Cook described the period as Apple's best June quarter to date, and chief financial officer Kevan Parekh said the installed base had reached a new all-time high across all major product categories and geographic segments.

Capital returns

The board declared a Dividend of $0.27 per share, payable on 13 August 2026 to holders of record on 10 August. Share repurchases totalled $62.1 billion over the first nine months of fiscal 2026, compared with $70.6 billion in the same period a year earlier, so Buybacks have been running lower.

What to watch

The first point is the fourth-quarter outcome itself. Management guided on the July call to revenue growth of 9 to 11 per cent and a gross margin of 47 to 48 per cent. Those figures are guidance rather than results and can be compared with Apple's own materials on 2 November.

The second is the effect of one-off items. If tariff refunds do not recur, comparisons with the June quarter's 50.1 per cent gross margin will need careful adjustment.

The third is the balance between hardware and services. Segment-level margins are not covered here, so no conclusion is drawn on how that mix affects profitability.