Apple Inc. (AAPL) Announced Q3 2026 Earnings on July 30, 2026, Reporting "$109.4 billion in revenue, up 16% from a year ago and a June quarter record"

Apple reported June quarter results for fiscal year 2026, with CEO Tim Cook stating, "Today, Apple is proud to report $109.4 billion in revenue, up 16% from a year ago and a June quarter record." CFO Kevan Parekh reported that products revenue was $78.7 billion, up 18% year-over-year, and services revenue was $30.7 billion, up 12% year-over-year.Parekh stated that "Company gross margin was 50.1%, up 80 basis points sequentially," which "included a benefit from tariff refunds, which had a favorable impact of approximately 2 percentage points." Net income for the quarter was $29.8 billion, operating cash flow was $34.4 billion, and "Diluted earnings per share was $2.02, up 29% year-over-year."During the call, Cook highlighted the company's major technology initiatives, noting they "unveil the all-new Siri AI, a completely reimagined version of Siri that is profoundly capable, deeply personal and integrated seamlessly across our platforms." Cook also discussed a new partnership, stating, "Apple announced a new agreement with Broadcom to design and produce custom silicon components and cutting-edge wireless connectivity technologies" that is "expected to exceed $30 billion" as part of Apple's American Manufacturing program.Additionally, Cook announced that this was his final earnings call before transitioning his responsibilities, stating, "The transition is going seamlessly, and I am beyond excited for John to step into his new role and lead Apple into its next era."For the September quarter, Parekh provided forward guidance, stating, "We expect our September quarter total company revenue to grow between 9% and 11% year-over-year." This outlook is impacted by sequential foreign exchange headwinds and supply constraints affecting iPhone, Mac, and iPad.Cook noted that the "constraints were primarily driven by the availability of the advanced nodes that our SoCs are produced on." For other September quarter metrics, Parekh stated, "We expect gross margin to be between 47% and 48%," which "includes an expected benefit of approximately 1 percentage point related to tariff refunds," and "We expect operating expenses to be between $19.1 billion and $19.4 billion."