EX-99.12a8-kex991q3202606272026.htmEX-99.1 Document
Exhibit 99.1
Apple reports third quarter results
June quarter records for total company revenue and EPS
iPhone, Mac and Services revenue set new June quarter records
CUPERTINO, CALIFORNIA — Apple® today announced financial results for its fiscal 2026 third quarter ended June 27, 2026. The Company posted quarterly revenue of $109.4 billion, up 16 percent year over year. Company gross margin was 50.1 percent, including a T1favorable impact of approximately 2 percentage points from tariff refunds. Diluted earnings per share was $2.02, up 29 percent year over year, and included a favorable impact of $0.11 from tariff refunds.
“Today, Apple is proud to report our strongest June quarter ever, with T2double-digit revenue growth across iPhone, Mac and Services, and in every geographic segment,” said Tim Cook, Apple’s CEO. “At WWDC26, we were thrilled to T3introduce the all-new Siri AI, alongside all of Apple’s latest software innovations and important new child safety features.”
“We are very pleased with our T4record business performance during the quarter, which set new June quarter records for both EPS and operating cash flow,” said Kevan Parekh, Apple’s CFO. “Our T5installed base of active devices also reached a new all-time high across all major product categories and geographic segments.”
T6Apple’s board of directors has declared a cash dividend of $0.27 per share of the Company’s common stock. The dividend is payable on August 13, 2026, to shareholders of record as of the close of business on August 10, 2026.
Apple will provide live streaming of its Q3 2026 financial results conference call beginning at 2:00 p.m. PT on July 30, 2026, at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter.
Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about payment of the Company’s quarterly dividend and future business plans. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. Risks and uncertainties include without limitation: effects of global and regional economic conditions, including as a result of government policies, trade and other international disputes, geopolitical tensions, conflict, terrorism, natural disasters, and public health issues; risks relating to the design, manufacture, introduction, and transition of products and services in highly competitive and rapidly changing markets, including from reliance on third parties for components, technology, manufacturing, applications, services, support, and content; risks relating to information technology system failures, network disruptions, and failure to protect, loss of, or unauthorized access to, or release of, data; and effects of unfavorable legal proceedings, government investigations, and complex and changing laws and regulations.
More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date they are made.
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.
Press Contact:
Josh Rosenstock
Apple
jrosenstock@apple.com
(408) 862-1142
Investor Relations Contact:
Suhasini Chandramouli
Apple
suhasini@apple.com
(408) 974-3123
NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at media.help@apple.com.
© 2026 Apple Inc. All rights reserved. Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.
Apple Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
(In millions, except number of shares, which are reflected in thousands, and per-share amounts)
Three Months Ended
Nine Months Ended
June 27,
2026
June 28,
2025
June 27,
2026
June 28,
2025
Net sales:
Products
$
78,678
$
66,613
$
272,629
$
233,287
Services
30,739
27,423
91,728
80,408
Total net sales (1)
109,417
94,036
364,357
313,695
Cost of sales:
Products
47,153
43,620
163,810
147,097
Services
7,494
6,698
21,765
19,738
Total cost of sales
54,647
50,318
185,575
166,835
Gross margin
54,770
43,718
178,782
146,860
Operating expenses:
Research and development
11,729
8,866
34,035
25,684
Selling, general and administrative
7,346
6,650
22,315
20,553
Total operating expenses
19,075
15,516
56,350
46,237
Operating income
35,695
28,202
122,432
100,623
Other income/(expense), net
572
(171)
670
(698)
Income before provision for income taxes
36,267
28,031
123,102
99,925
Provision for income taxes
6,478
4,597
21,638
15,381
Net income
$
29,789
$
23,434
$
101,464
$
84,544
Earnings per share:
Basic
$
2.03
$
1.57
$
6.91
$
5.64
Diluted
$
2.02
$
1.57
$
6.88
$
5.62
Shares used in computing earnings per share:
Basic
14,656,110
14,902,886
14,692,515
14,992,898
Diluted
14,714,676
14,948,179
14,750,302
15,051,726
(1) Net sales by reportable segment:
Americas
$
45,781
$
41,198
$
149,403
$
134,161
Europe
29,395
24,014
95,596
82,329
Greater China
18,816
15,369
64,839
49,884
Japan
6,554
5,782
24,368
22,067
Rest of Asia Pacific
8,871
7,673
30,151
25,254
Total net sales
$
109,417
$
94,036
$
364,357
$
313,695
(1) Net sales by category:
iPhone
$
54,252
$
44,582
$
196,515
$
160,561
Mac
10,352
8,046
27,137
24,982
iPad
6,191
6,581
21,700
21,071
Wearables, Home and Accessories
7,883
7,404
27,277
26,673
Services
30,739
27,423
91,728
80,408
Total net sales
$
109,417
$
94,036
$
364,357
$
313,695
Apple Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
(In millions, except number of shares, which are reflected in thousands, and par value)
June 27,
2026
September 27,
2025
ASSETS:
Current assets:
Cash and cash equivalents
$
39,544
$
35,934
Marketable securities
22,855
18,763
Accounts receivable, net
31,398
39,777
Vendor non-trade receivables
27,509
33,180
Inventories
11,092
5,718
Other current assets
17,420
14,585
Total current assets
149,818
147,957
Non-current assets:
Marketable securities
84,118
77,723
Property, plant and equipment, net
51,431
49,834
Intangible assets, net
20,342
11,093
Other non-current assets
77,557
72,634
Total non-current assets
233,448
211,284
Total assets
$
383,266
$
359,241
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current liabilities:
Accounts payable
$
64,525
$
69,860
Other current liabilities
62,259
66,387
Deferred revenue
9,538
9,055
Commercial paper
1,997
7,979
Term debt
11,007
12,350
Total current liabilities
149,326
165,631
Non-current liabilities:
Term debt
71,340
78,328
Other non-current liabilities
55,080
41,549
Total non-current liabilities
126,420
119,877
Total liabilities
275,746
285,508
Commitments and contingencies
Shareholders’ equity:
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 14,608,963 and 14,773,260 shares issued and outstanding, respectively
100,702
93,568
Retained earnings/(Accumulated deficit)
11,326
(14,264)
Accumulated other comprehensive loss
(4,508)
(5,571)
Total shareholders’ equity
107,520
73,733
Total liabilities and shareholders’ equity
$
383,266
$
359,241
Apple Inc.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(In millions)
Nine Months Ended
June 27,
2026
June 28,
2025
Cash, cash equivalents, and restricted cash and cash equivalents, beginning balances
$
35,934
$
29,943
Operating activities:
Net income
101,464
84,544
Adjustments to reconcile net income to cash generated by operating activities:
Depreciation and amortization
9,973
8,571
Share-based compensation expense
10,523
9,680
Other
(2,037)
(1,748)
Changes in operating assets and liabilities:
Accounts receivable, net
8,316
5,685
Vendor non-trade receivables
5,671
13,555
Inventories
(5,461)
1,223
Other current and non-current assets
(16,266)
(6,116)
Accounts payable
(5,203)
(18,479)
Other current and non-current liabilities
10,016
(15,161)
Cash generated by operating activities
116,996
81,754
Investing activities:
Purchases of marketable securities
(48,752)
(17,591)
Proceeds from maturities of marketable securities
26,504
35,036
Proceeds from sales of marketable securities
12,016
10,785
Payments for acquisition of property, plant and equipment
(6,799)
(9,473)
Other
(1,780)
(975)
Cash generated by/(used in) investing activities
(18,811)
17,782
Financing activities:
Payments for taxes related to net share settlement of equity awards
(6,462)
(5,719)
Payments for dividends and dividend equivalents
(11,778)
(11,559)
Repurchases of common stock
(62,094)
(70,579)
Proceeds from issuance of term debt, net
—
4,481
Repayments of term debt
(8,146)
(9,682)
Repayments of commercial paper, net
(5,911)
(65)
Other
(184)
(87)
Cash used in financing activities
(94,575)
(93,210)
Increase in cash, cash equivalents, and restricted cash and cash equivalents
3,610
6,326
Cash, cash equivalents, and restricted cash and cash equivalents, ending balances
$
39,544
$
36,269
Supplemental cash flow disclosure:
Cash paid for income taxes, net
$
26,555
$
37,332
Mentions · how they’re counted
| Category | Underlined | Word counter | Model’s count |
|---|---|---|---|
| AI AI, artificial intelligence, generative AI, machine learning, large language model, LLM | 1 | 1 | 1 |
| Layoffs layoffs, RIF, headcount reduction, workforce optimization, restructuring | 0 | — | 0 |
| Recession recession, downturn, contraction, slowdown | 0 | 0 | 0 |
| Tariffs tariff, trade war, trade barriers, trade restrictions, trade policy | 2 | 2 | 2 |
| Buybacks share repurchase, buyback program | 0 | — | 0 |
Underlines use the same word lists the scores use. AI, recession and tariffs follow Palanor’s word counter, so those counts match it exactly on the same text. Layoffs and buybacks use the terms the model was given. The model’s count is an estimate by meaning, not by string, so it can differ from the underlines.
Source: SEC EDGAR · public domain · Highlights by Palanor