Q3 26 EPS
$2.02
BEAT +6.80%
Est. $1.89
Q3 26 Revenue
$109.42B
BEAT +0.42%
Est. $108.96B
vs S&P Since Q3 26
-11.3%
TRAILING MARKET
AAPL -7.9% vs S&P +3.4%
Market Reaction
Did AAPL Beat Earnings? Q3 2026 Results
Apple delivered a strong fiscal third quarter of 2026, posting earnings per share of $2.02 against a Wall Street consensus of $1.89, a 6.80% beat that extended the company's streak of topping EPS estimates to nine consecutive quarters. Revenue climbe… Read more Apple delivered a strong fiscal third quarter of 2026, posting earnings per share of $2.02 against a Wall Street consensus of $1.89, a 6.80% beat that extended the company's streak of topping EPS estimates to nine consecutive quarters. Revenue climbed 16.4% year over year to $109.42 billion, edging past the $108.96 billion consensus by 0.42%, as iPhone remained the primary growth engine with $54.25 billion in sales compared to $44.58 billion in the year-ago period. The standout driver behind the margin story was a roughly 2-percentage-point benefit to gross margin from tariff refunds, which also contributed an estimated $0.11 to EPS, suggesting that while underlying performance was genuinely robust, one-time tailwinds amplified the headline figures. Services revenue grew to $30.74 billion from $27.42 billion, reinforcing Apple's dual-engine model, and net income rose to $29.79 billion from $23.43 billion. With competition in advanced chip packaging intensifying across the semiconductor landscape, Apple's continued R&D investment of $11.73 billion signals it intends to stay ahead of that curve.
Key Takeaways
- • Double-digit revenue growth across iPhone, Mac, and Services
- • Double-digit growth in every geographic segment
- • Installed base of active devices reached all-time highs across all major product categories and geographic segments
- • Tariff refunds provided approximately 2 percentage point benefit to gross margin and $0.11 benefit to EPS
AAPL YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
AAPL Revenue by Segment
With YoY comparisons, source: SEC Filings
AAPL Revenue by Geography
With YoY comparisons, source: SEC Filings
“Today, Apple is proud to report our strongest June quarter ever, with double-digit revenue growth across iPhone, Mac and Services, and in every geographic segment.”
— Tim Cook, Q3 2026 Earnings Press Release
AAPL Earnings Trends
AAPL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AAPL EPS Trend
Earnings per share: estimate vs actual
AAPL Revenue Trend
Quarterly revenue: estimate vs actual
AAPL Quarterly Results
10 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $1.89 | $2.02 | +6.80% | $109.42B | +0.42% |
| Q2 26 BEAT | $1.94 | $2.01 | +3.59% | $111.18B | +1.46% |
| Q1 26 BEAT | $2.67 | $2.84 | +6.34% | $143.76B | +3.78% |
| Q4 25 BEAT FY | $1.77 | $1.85 | +4.53% | $102.47B | +0.21% |
| FY Full Year | — | $7.46 | — | $416.16B | — |
| Q3 25 BEAT | $1.43 | $1.57 | +10.12% | $94.04B | +5.47% |
| Q2 25 BEAT | $1.61 | $1.65 | +2.37% | $95.36B | +1.20% |
| Q1 25 BEAT | $2.34 | $2.40 | +2.52% | $124.30B | +0.22% |
| Q4 24 BEAT FY | $1.60 | $1.64 | +2.50% | $94.93B | +0.37% |
| FY Full Year | — | $6.75 | — | $391.04B | — |
| Q3 24 BEAT | $1.35 | $1.40 | +3.70% | $85.78B | +9.83% |
| Q2 24 BEAT | $1.50 | $1.53 | +2.00% | $90.75B | +0.82% |