Apple has posted its strongest June quarter on record at its Earnings Call today, on July 31, 2026. The Cupertino giant has reported $109.4 billion in revenue for its fiscal 2026 third quarter, up 16% year-over-year.
The results also carry added significance as they mark Tim Cook's final quarterly earnings report as CEO. Cook will hand over the role to John Ternus, Apple's Senior Vice President of Hardware Engineering, on September 1, 2026. Cook led the earnings call alongside CFO Kevan Parekh.
iPhone and Mac Drive Apple's Record June Quarter Growth
Apple reported diluted earnings per share (EPS) of $2.02, up 29% year-over-year, while gross margin expanded to 50.1%, compared to 46.5% from a year ago. Net income also went up 27% to $29.8 billion, up from $23.4 billion from last year.
iPhones remained Apple's biggest growth driver, generating $54.3 billion in revenue, a 22% increase from the same quarter last year. In fact, "iPhone was the top-selling model in the US, urban China, the UK, France, Australia and Japan."
Mac posted an even stronger performance, with revenue jumping nearly 29% to $10.4 billion. During the earnings call, Cook credited the growth to strong demand for the MacBook Neo, Apple's more affordable laptop launched in March.
The strong Mac performance came despite Apple increasing prices across its Mac lineup toward the end of the quarter, including the MacBook Neo. The Cupertino brand previously attributed the price hikes to the ongoing RAM crisis, with Cook reiterating that component costs continue to put pressure on product pricing.
Talking about iPad revenue next, it has declined slightly to $6.2 billion, down from $6.6 billion a year ago. Meanwhile, the Wearables, Home and Accessories segment, which includes Apple Watch and AirPods, grew modestly to $7.9 billion from $7.4 billion.
Services revenue also reached a record $30.7 billion, growing 12.1% year-over-year.
Related Articles
Tim Cook Reflects on Apple's Record Quarter Ahead of Leadership Transition
In Apple's Q3 earnings call, Cook said the company delivered double-digit growth across its iPhone, Mac and Services businesses. He also highlighted growth across every geographic region, calling it Apple's strongest June quarter ever.
Cook also reflected on WWDC 2026, where Apple unveiled its redesigned Siri AI experience, alongside new software features and expanded child safety protections.
CFO Kevan Parekh said Apple achieved record quarterly EPS and operating cash flow. He also noted that the tech giant's installed base of active devices reached an all-time high across every major product category and geographic region.
Separately, Apple's board declared a quarterly dividend of $0.27 per share.
Cook has led Apple since 2011, when he succeeded co-founder Steve Jobs as CEO. Over nearly 15 years, he helped expand the brand's business beyond the iPhone, growing its services, wearables and even guiding it into its Apple Intelligence era.
As Apple prepares for a new chapter under John Ternus, this record-breaking June quarter serves as a fitting close to Cook's time as CEO.
Related Articles
