Apple Inc.
AAPL · Nasdaq
Next quarter
Reports Oct 29, 2026.
Consensus is $1.98 EPS for Sep 2026 across 8 estimates, ranging $1.91 to $2.09.
AAPL Jun 2026
- 1.60%
- -7.35%
- $1.88
- $1.91
- —
- $109.42B
Reported results
- $109.42B
- 50.06%
- $35.70B
- 32.62%
- $29.79B
- $2.02
Highlights
- Revenue was $109.42B, up 16% year over year from $94.04B; no consensus figures were provided for comparison.
- Net income was $29.79B versus $23.43B a year earlier, while diluted earnings per share increased to $2.02 from $1.57.
- Americas revenue rose 11% to $45.781B, Europe increased 22% to $29.395B, and Greater China increased 22% to $18.816B.
- Japan revenue grew 13% to $6.554B and Rest of Asia Pacific increased 16% to $8.871B; management attributed regional growth primarily to higher iPhone sales, with Services and Mac also contributing in several regions.
- Total operating income was $35.695B versus $28.202B a year earlier; Corporate recorded an operating loss of $14.041B compared with $10.747B.
- Management provided no numerical revenue, margin, earnings, or capex guidance in the supplied material, but said component supply constraints and costs are expected to intensify.
Analysis
No consensus figures are on file, so the quarter cannot be assessed against an external expectation. Apple delivered $109.42B of revenue, up 16% from $94.04B a year earlier, although it was below the $111.18B reported in the prior quarter. Growth was broad geographically: Americas revenue rose 11%, Europe and Greater China each increased 22%, Japan grew 13%, and Rest of Asia Pacific advanced 16%. Management attributed the gains mainly to higher iPhone sales, with Services and Mac also supporting the Americas, Europe, and Rest of Asia Pacific. Operating income increased to $35.695B from $28.202B, despite Corporate’s operating loss widening to $14.041B from $10.747B. The filing does not provide a consolidated operating-margin percentage, product-category revenue, subscriber counts, or explicit reasons for the change in margin beyond higher component costs and supply pressures. Net income rose to $29.79B from $23.43B.
Guidance
Management did not provide numerical guidance ranges for the next quarter or full year in the supplied material, so there is no prior guide against which to compare an update. Instead, the filing gives qualitative forward-looking caveats. Apple said supply constraints and rising costs for advanced semiconductors, NAND storage, and DRAM are expected to intensify, potentially affecting revenue, costs, gross margin, results of operations, and financial condition. Tariff outcomes also remain uncertain because additional U.S. measures or retaliatory actions could affect the supply chain, pricing, component availability, and gross margin. Any price increases may not fully offset those pressures and could reduce demand.
What drove it
- Americas growth — Americas net sales increased 11% to $45.781B, driven primarily by higher iPhone, Services, and Mac sales.
- Europe momentum — Europe net sales rose 22% to $29.395B, supported by higher iPhone, Services, and Mac sales and favorable currency effects over the first nine months.
- China recovery — Greater China net sales increased 22% to $18.816B, primarily because of higher iPhone sales and a favorable renminbi impact.
- Operating income — Total operating income increased to $35.695B from $28.202B, while the Corporate operating loss widened to $14.041B from $10.747B.
- Component pressure — Apple reported increasing costs and supply constraints involving advanced semiconductors, NAND, and DRAM, and expects those trends to intensify.
Watch items
- Apple expects component supply constraints and rising costs to intensify, which could pressure revenue, costs, gross margin, and financial condition.
- Potential additional U.S. tariffs and retaliatory measures could disrupt the supply chain, reduce component availability, and hurt pricing and gross margin.
- Japan revenue growth was 13%, the slowest regional growth rate, and the weaker yen had an unfavorable year-over-year impact on sales.
- Corporate’s operating loss widened to $14.041B from $10.747B, increasing the drag outside the geographic operating segments.
