Jun 2026 (Q3 FY26) — Jul 30, 2026
Apple Q3 FY26 — Record Revenue Driven by iPhone and Mac, Strong Siri AI Reception
Read the full callApple (AAPL) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
Apple earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 109,417 | +16.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 32.6 | +2.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 29,789 | +27.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
34 of 38 judged targets kept · 31 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Operating expenses | between $18.8 billion and $19.1 billion | Mar 2026 | Operating expenses came in at $19.1 billion, up 23% year-over-year, driven by investments in R&D. | Achieved |
| Advanced manufacturing center opening | opening the doors to an all-new advanced manufacturing center in Houston | Mar 2026 | We're excited for the upcoming opening of the Apple Advanced Manufacturing Center in Houston. | On Track |
| Operating expenses | between $18.4 billion and $18.7 billion | Dec 2025 | Operating expenses landed at $18.9 billion, up 24% year-over-year. This was slightly above the high end of our guidance range due to a one-time expense in SG&A. | Missed |
4 of Apple Inc.'s 69 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 66 more targets are in the full ledger.
Claimed
- Total revenue reached a June quarter record of $109.4 billion, up 16% year-over-year.
- iPhone revenue grew 22% year-over-year to $54.3 billion, setting a June quarter record.
- Mac revenue increased 29% year-over-year to $10.4 billion, achieving a June quarter record.
- Services revenue set a June quarter record of $30.7 billion, up 12% year-over-year.
- The installed base of active devices reached an all-time high of over 2.5 billion.
Qualified
- Supply constraints are expected to increase significantly sequentially in the September quarter, impacting iPhone, Mac, and iPad.
- Foreign exchange is anticipated to be a sequential headwind of approximately 2.5 percentage points to total company growth in the September quarter.
- Memory costs are expected to be even higher in the September quarter, with decreasing benefit from carry-in inventory beyond that period.
- iPad revenue declined 6% year-over-year to $6.2 billion due to a difficult prior-year comparable.
- Services growth was impacted by sequential FX headwinds and softness in mobile gaming.
Price
$342.94 −0.15% · −$0.52
Performance +35.9% 1Y
1Y: $252.29 on 17 Oct 2025 → $342.94. High $343.46 (16 Oct 2026), low $246.63 (30 Mar 2026).
- Previous close
- $343.46
- 52-week range
- $246.63 – $343.46
- One year
- +30.77%
Overview
- Symbol
- AAPL
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
34 of 38 judged targets kept · 31 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Operating expenses | between $18.8 billion and $19.1 billion | Mar 2026 | Operating expenses came in at $19.1 billion, up 23% year-over-year, driven by investments in R&D. | Achieved |
| Advanced manufacturing center opening | opening the doors to an all-new advanced manufacturing center in Houston | Mar 2026 | We're excited for the upcoming opening of the Apple Advanced Manufacturing Center in Houston. | On Track |
| Operating expenses | between $18.4 billion and $18.7 billion | Dec 2025 | Operating expenses landed at $18.9 billion, up 24% year-over-year. This was slightly above the high end of our guidance range due to a one-time expense in SG&A. | Missed |
Claimed
- Total revenue reached a June quarter record of $109.4 billion, up 16% year-over-year.
- iPhone revenue grew 22% year-over-year to $54.3 billion, setting a June quarter record.
- Mac revenue increased 29% year-over-year to $10.4 billion, achieving a June quarter record.
- Services revenue set a June quarter record of $30.7 billion, up 12% year-over-year.
- The installed base of active devices reached an all-time high of over 2.5 billion.
Qualified
- Supply constraints are expected to increase significantly sequentially in the September quarter, impacting iPhone, Mac, and iPad.
- Foreign exchange is anticipated to be a sequential headwind of approximately 2.5 percentage points to total company growth in the September quarter.
- Memory costs are expected to be even higher in the September quarter, with decreasing benefit from carry-in inventory beyond that period.
- iPad revenue declined 6% year-over-year to $6.2 billion due to a difficult prior-year comparable.
- Services growth was impacted by sequential FX headwinds and softness in mobile gaming.
The full ledger
Open Apple Inc.’s full ledger
A free account opens 5 company ledgers a month. All 69 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q2 FY26) — Apr 30, 2026
Apple Q2 FY26 — Strong iPhone and Services Growth Despite Supply Constraints
Read the full callDec 2025 (Q1 FY26) — Jan 29, 2026
Apple Q1 FY26 — Record Revenue and EPS Driven by Strong iPhone Demand
Read the full callEvery analysed call
Apple earnings calls (AAPL)
Financials
What the filings say
Net profit, year on year: +27% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 94,930 | 124,300 | 95,359 | 94,036 | 102,466 | 143,756 | 111,184 | 109,417 |
| Operating profit | 29,591 | 42,832 | 29,589 | 28,202 | 32,427 | 50,852 | 35,885 | 35,695 |
| Operating margin | 31.2% | 34.5% | 31.0% | 30.0% | 31.6% | 35.4% | 32.3% | 32.6% |
| Other income | 19 | -248 | -279 | -171 | 377 | 150 | -52 | 572 |
| Profit before tax | 29,610 | 42,584 | 29,310 | 28,031 | 32,804 | 51,002 | 35,833 | 36,267 |
| Tax rate | 50.2% | 14.7% | 15.5% | 16.4% | 16.3% | 17.5% | 17.5% | 17.9% |
| Net profit | 14,736 | 36,330 | 24,780 | 23,434 | 27,466 | 42,097 | 29,578 | 29,789 |
| EPS ($ per share) | — | 2.41 | 1.65 | 1.57 | — | 2.85 | 2.02 | 2.03 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 40,201 | 45,174 | 50,779 | 57,365 | 64,849 | 73,812 | 83,276 | 93,568 |
| Reserves | 70,400 | 45,898 | 14,966 | 5,562 | -3,068 | -214 | -19,154 | -14,264 |
| Total liabilities | 258,578 | 248,028 | 258,549 | 287,912 | 302,083 | 290,437 | 308,030 | 285,508 |
| Fixed assets | 41,304 | 37,378 | 36,766 | 39,440 | 42,117 | 43,715 | 45,680 | 49,834 |
| Investments | 40,388 | 51,713 | 52,927 | 27,699 | 24,658 | 31,590 | 35,228 | 18,763 |
| Total assets | 365,725 | 338,516 | 323,888 | 351,002 | 352,755 | 352,583 | 364,980 | 359,241 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 77,434 | 69,391 | 80,674 | 104,038 | 122,151 | 110,543 | 118,254 | 111,482 |
| Cash from investing | 16,066 | 45,896 | -4,289 | -14,545 | -22,354 | 3,705 | 2,935 | 15,195 |
| Cash from financing | -87,876 | -90,976 | -86,820 | -93,353 | -110,749 | -108,488 | -121,983 | -120,686 |
| Net cash flow | 5,624 | 24,311 | -10,435 | -3,860 | -10,952 | 5,760 | -794 | 5,991 |
| Capital expenditure | -13,313 | -10,495 | -7,309 | -11,085 | -10,708 | -10,959 | -9,447 | -12,715 |
| Free cash flow | 64,121 | 58,896 | 73,365 | 92,953 | 111,443 | 99,584 | 108,807 | 98,767 |
AAPL revenue by segment
Americas shrank from 44% to 42% of revenue over the last two years.
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Americas | 44% | — | 42% | 44% | — | 41% | 41% | 42% | +11.1% |
| Europe | 26% | 27% | 26% | 26% | 28% | 27% | 25% | 27% | +22.4% |
| Greater China | 17% | 15% | 17% | 16% | 14% | 18% | 18% | 17% | +22.4% |
| Rest Of Asia Pacific | 7% | 8% | 8% | 8% | 8% | 8% | 8% | 8% | +15.6% |
| Japan | 6% | 7% | 8% | 6% | 6% | 7% | 8% | 6% | +13.4% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
AAPL operating KPIs by quarter
| KPI | Dec 2024 Q1 FY25 | Mar 2025 Q2 FY25 | Jun 2025 Q3 FY25 | Dec 2025 Q1 FY26 | Mar 2026 Q2 FY26 | Jun 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Paid subscriptions | 1B+We have well over 1 billion paid subscriptions across the services on our platform.Source: earnings call transcript | 1B+We have well over 1 billion paid subscriptions across the services on our platform.Source: earnings call transcript | 1B+We have well over 1 billion paid subscriptions across the Services on our platform.Source: earnings call transcript | — | — | 1.5B+Our services continue to attract more customers, and we have now surpassed 1.5 billion in paid subscriptions.Source: earnings call transcript | — |
| Active devices installed base | — | — | — | 2.5B+Across our product categories, we are seeing very high levels of customer satisfaction, and we are proud to report that we have a new record for our installed base with more than 2.5 billion active devices.Source: earnings call transcript | 2.5B+Our installed base of over 2.5 billion active devices has reached another all-time high across all major product categories and geographic segments.Source: earnings call transcript | 2.5B+Our installed base of over 2.5 billion active devices has reached another all-time high across all major product categories and geographic segments.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
73 filings between Nov 7, 2025 and Oct 13, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$206.50M
35 sales by 8 insiders
89% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 20
- Option exercise — converted options into shares
- 13
- Tax withheld — shares kept back by the company to cover tax
Also filed: 5 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| LEVINSON ARTHUR D | — | $86.74M | May 27, 2026 |
| COOK TIMOTHY D | — | $80.36M | Oct 2, 2026 |
| O'BRIEN DEIRDRE | — | $23.13M | Oct 2, 2026 |
| Ternus John | — | $8.46M | Oct 2, 2026 |
| Newstead Jennifer | — | $5.97M | Oct 13, 2026 |
| KONDO CHRIS | — | $1.02M | Nov 7, 2025 |
| Parekh Kevan | — | $421.9K | Apr 23, 2026 |
| Borders Ben | — | $403.7K | Jun 16, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 13, 2026 | Newstead Jennifer SVP, GC and Government Affairs | Sale 10b5-1 plan | 2,399 | $827.7K |
| Oct 6, 2026 | Newstead Jennifer SVP, GC and Government Affairs | Sale 10b5-1 plan | 2,399 | $796.5K |
| Oct 2, 2026 | COOK TIMOTHY D Executive Chair | Sale 10b5-1 plan | 39,492 | $13.12M |
| Oct 2, 2026 | COOK TIMOTHY D Executive Chair | Sale 10b5-1 plan | 23,143 | $7.67M |
| Oct 2, 2026 | COOK TIMOTHY D Executive Chair | Sale 10b5-1 plan | 40,879 | $13.65M |
| Oct 2, 2026 | Ternus John CEO | Sale 10b5-1 plan | 3,754 | $1.25M |
| Oct 2, 2026 | COOK TIMOTHY D Executive Chair | Sale 10b5-1 plan | 88,239 | $29.41M |
| Oct 2, 2026 | Ternus John CEO | Sale 10b5-1 plan | 5,348 | $1.78M |
| Oct 2, 2026 | COOK TIMOTHY D Executive Chair | Gift 10b5-1 plan | 26,325 | $0 |
| Oct 2, 2026 | O'BRIEN DEIRDRE Senior Vice President | Sale 10b5-1 plan | 5,625 | $1.88M |
| Oct 2, 2026 | Ternus John CEO | Sale 10b5-1 plan | 3,564 | $1.18M |
| Oct 2, 2026 | O'BRIEN DEIRDRE Senior Vice President | Sale 10b5-1 plan | 40,764 | $13.59M |
| Oct 2, 2026 | Ternus John CEO | Sale 10b5-1 plan | 12,746 | $4.25M |
| Oct 1, 2026 | COOK TIMOTHY D Executive Chair | Tax withheld 10b5-1 plan | 199,038 | $65.75M |
| Oct 1, 2026 | Khan Sabih COO | Tax withheld | 52,854 | $17.46M |
| Oct 1, 2026 | Ternus John CEO | Tax withheld 10b5-1 plan | 49,054 | $16.20M |
| Oct 1, 2026 | Khan Sabih COO | Option exercise | 99,878 | — |
| Oct 1, 2026 | Ternus John CEO | Option exercise 10b5-1 plan | 99,878 | — |
| Oct 1, 2026 | COOK TIMOTHY D Executive Chair | Option exercise 10b5-1 plan | 374,541 | — |
| Oct 1, 2026 | O'BRIEN DEIRDRE Senior Vice President | Option exercise 10b5-1 plan | 99,878 | — |
| Oct 1, 2026 | O'BRIEN DEIRDRE Senior Vice President | Tax withheld 10b5-1 plan | 53,489 | $17.67M |
| Sep 29, 2026 | Newstead Jennifer SVP, GC and Government Affairs | Sale 10b5-1 plan | 2,399 | $806.5K |
| Sep 22, 2026 | Newstead Jennifer SVP, GC and Government Affairs | Sale 10b5-1 plan | 2,399 | $815.8K |
| Sep 15, 2026 | Newstead Jennifer SVP, GC and Government Affairs | Option exercise 10b5-1 plan | 30,104 | — |
| Sep 15, 2026 | Newstead Jennifer SVP, GC and Government Affairs | Sale 10b5-1 plan | 1,438 | $474.8K |
| Sep 15, 2026 | Newstead Jennifer SVP, GC and Government Affairs | Tax withheld 10b5-1 plan | 16,228 | $5.38M |
| Sep 8, 2026 | Newstead Jennifer SVP, GC and Government Affairs | Sale 10b5-1 plan | 1,438 | $456.2K |
| Sep 1, 2026 | Newstead Jennifer SVP, GC and Government Affairs | Sale 10b5-1 plan | 1,439 | $456.2K |
| Aug 25, 2026 | Newstead Jennifer SVP, GC and Secretary | Sale 10b5-1 plan | 1,439 | $447.5K |
| Aug 18, 2026 | Newstead Jennifer SVP, GC and Secretary | Sale 10b5-1 plan | 1,439 | $442.5K |
| Aug 11, 2026 | Newstead Jennifer SVP, GC and Secretary | Sale 10b5-1 plan | 1,439 | $442.9K |
| Jun 16, 2026 | Borders Ben Principal Accounting Officer | Sale 10b5-1 plan | 116 | $34.2K |
| Jun 15, 2026 | Newstead Jennifer SVP, GC and Secretary | Tax withheld | 16,238 | $4.81M |
| Jun 15, 2026 | Newstead Jennifer SVP, GC and Secretary | Option exercise | 30,104 | — |
| Jun 15, 2026 | Borders Ben Principal Accounting Officer | Tax withheld 10b5-1 plan | 124 | $36.8K |
| Jun 15, 2026 | Borders Ben Principal Accounting Officer | Option exercise 10b5-1 plan | 240 | — |
| May 27, 2026 | LEVINSON ARTHUR D Director | Gift | 65,000 | $0 |
| May 27, 2026 | LEVINSON ARTHUR D Director | Sale | 50,000 | $15.55M |
| May 8, 2026 | Borders Ben Principal Accounting Officer | Sale 10b5-1 plan | 1,274 | $369.5K |
| May 6, 2026 | LEVINSON ARTHUR D Director | Sale | 100,473 | $28.64M |
| May 6, 2026 | LEVINSON ARTHUR D Director | Sale | 149,527 | $42.55M |
| May 6, 2026 | LEVINSON ARTHUR D Director | Gift | 5,000 | $0 |
| Apr 23, 2026 | Parekh Kevan Senior Vice President, CFO | Sale 10b5-1 plan | 1,534 | $421.9K |
| Apr 15, 2026 | Parekh Kevan Senior Vice President, CFO | Option exercise | 10,928 | — |
| Apr 15, 2026 | Borders Ben Principal Accounting Officer | Tax withheld | 892 | $237.7K |
| Apr 15, 2026 | Borders Ben Principal Accounting Officer | Option exercise | 1,717 | — |
| Apr 15, 2026 | Parekh Kevan Senior Vice President, CFO | Tax withheld | 4,793 | $1.28M |
| Apr 2, 2026 | O'BRIEN DEIRDRE Senior Vice President | Sale 10b5-1 plan | 20,338 | $5.19M |
| Apr 2, 2026 | COOK TIMOTHY D Chief Executive Officer | Sale 10b5-1 plan | 4,566 | $1.17M |
| Apr 2, 2026 | COOK TIMOTHY D Chief Executive Officer | Sale 10b5-1 plan | 28,188 | $7.19M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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