Apple Inc. Q3 2026 Earnings Recap

AAPL Q3 2026 August 2, 2026

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Apple’s shares dropped 8.7% following earnings as investors were likely disappointed by an implied cautious outlook and potential margin pressure despite reported revenue records across multiple categories and geographies.

Earnings Per Share Beat

$2.02 vs $1.89 est.

+6.9% surprise

Revenue Beat

109417000000 vs 109038900000 est.

+0.3% surprise

Market Reaction

1-Day -1.78%

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Key Takeaways

Reported revenue of $109.4 billion, up 16% year-over-year, setting a June quarter record.
iPhone revenue grew 22% to $54.3 billion, with gains in every geographic segment and share gains noted.
Mac revenue rose 29% to $10.4 billion, driven by strong demand for MacBook Pro and MacBook Neo despite supply constraints.
Services set a June quarter record at $30.7 billion, contributing to overall growth.
Wearables, home, and accessories revenue increased 6% to $7.9 billion, including a record quarter for Apple Watch upgraders.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit AAPL on AllInvestView.

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