Apple reports record Q3 2026 revenue and 1.5 billion paid subscriptions
Apple announced its fiscal third‑quarter 2026 results, posting $109.4 billion in revenue, a 16 % increase year over year. The iPhone segment led growth with $54.3 billion in sales, up about 22 % from the same quarter a year earlier, while the Mac division generated $10.4 billion, a 29 % rise. Services revenue reached $30.7 billion, growing 12 % but falling short of the $31.22 billion Wall Street forecast, a factor behind a more than 4 % drop in Apple’s share price after hours. The company also reported a new milestone of more than 1.5 billion active paid subscriptions across its ecosystem, half a billion more than in January 2025. Diluted earnings per share were $2.02, up 29 % YoY. Tim Cook will move to executive‑chairman role in September, with chief‑hardware officer John Ternus slated to become CEO.
Entities: Apple Inc. · Apple Services · Court of Cassation (Italy) · Italian consumer · John Ternus · Tim Cook · iPhone
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] Tim Cook will become executive chairman in September, and John Ternus will assume the CEO role. (Apple leadership transition)
- [○ 1 SOURCE] Apple surpassed 1.5 billion active paid subscriptions, adding half a billion since January 2025. (Apple Services update)
- [● 2 SOURCES] Mac revenue was $10.4 billion, a 29 % year‑over‑year increase. (Apple Q3 2026 earnings)
- [● 2 SOURCES] Apple reported $109.4 billion in revenue for fiscal third quarter 2026, a 16 % increase year over year. (Apple Q3 2026 earnings)
- [● 2 SOURCES] Services revenue reached $30.7 billion, up 12 % YoY but missed the $31.22 billion Wall Street forecast. (Apple Q3 2026 earnings)
- [○ 1 SOURCE] Diluted earnings per share were $2.02, up 29 % year over year. (Apple Q3 2026 earnings)
- [● 2 SOURCES] iPhone sales generated $54.3 billion, up about 22 % from the same quarter a year earlier. (Apple Q3 2026 earnings)
- [○ 1 SOURCE] Apple’s stock fell more than 4 % in after‑hours trading after the services revenue miss. (Market reaction)