Apple Inc.

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.