Apple posts record $109.4 B Q3 2026 revenue as iPhone sales surge

Apple Q3 2026 iPhone revenue record revenue Tim Cook

Apple Inc. reported fiscal third‑quarter 2026 revenue of $109.4 billion, a 16 % year‑over‑year increase and a record for a June‑quarter. iPhone revenue reached $54.3 billion, up 22 % YoY and setting a new Q3 high, while Mac revenue grew 29 % to $10.4 billion. Services revenue climbed 12 % to $30.7 billion, with advertising achieving a June‑quarter record within the services segment.

The quarter marked CEO Tim Cook’s final earnings call; he announced that John Ternus will assume the CEO role on 1 September. Apple posted diluted earnings per share of $2.02, a 29 % rise, but its shares fell about 8 % after the release, driven by a cautious forward‑guidance outlook and concerns over memory‑chip price pressures. CFO Kevan Parekh highlighted record performance across multiple services categories, including advertising, the App Store, Apple Care, music, video, cloud and payment services.

Entities: Apple Inc. · Azure · John Ternus · Kevan Parekh · Mac · Microsoft Corp. · Tim Cook · iPhone

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 2 SOURCES] Apple issued cautious forward guidance, causing its stock to fall about 8% after the earnings release. (Market reaction)
[● 5 SOURCES] Mac revenue was $10.4 billion, up 29 % year‑over‑year. (Apple)
[● 2 SOURCES] Services revenue reached $30.7 billion, up 12% year‑over‑year, with advertising setting a June‑quarter record. (Apple earnings release)
[● 2 SOURCES] Supply‑chain constraints and rising memory‑chip prices were cited as challenges that could compress Apple’s margins. (Apple management comments)
[● 4 SOURCES] iPhone revenue was $54.3 billion, up 22% year‑over‑year. (Apple earnings release)
[● 7 SOURCES] Apple reported fiscal Q3 2026 revenue of $109.4 billion, up 16 % year‑over‑year. (Apple)
[● 2 SOURCES] Tim Cook delivered his final earnings call as CEO; John Ternus will become CEO on September 1. (Apple earnings call)
[● 7 SOURCES] Apple's diluted earnings per share were $2.02, a 29% increase. (Apple earnings release)
[● 5 SOURCES] Services revenue reached $30.7 billion, up 12 % year‑over‑year. (Apple)
[○ 1 SOURCE] Apple’s stock fell about 8 % after the earnings release. (Market reaction)
[● 2 SOURCES] Tim Cook delivered his final earnings call as CEO; John Ternus will become CEO on 1 September. (Apple)
[● 5 SOURCES] Diluted earnings per share were $2.02, up 29 % year‑over‑year. (Apple)