Apple reported third-quarter fiscal 2026 earnings that beat analyst expectations, driven by record June-quarter iPhone revenue. Adjusted earnings per share came in at $1.91, surpassing the Zacks Consensus Estimate by 1.6%, while net sales rose 16.4% year over year to $109.42 billion, exceeding the consensus by 0.6%. iPhone sales jumped 21.7% to $54.25 billion, setting June-quarter records across all geographic segments, and Mac sales surged 28.7% to $10.35 billion. Services revenue reached a June-quarter record of $30.74 billion, up 12.1%, with paid subscriptions surpassing 1.5 billion. Gross margin expanded 360 basis points to 50.1%, helped by tariff refunds, and the company returned $33 billion to shareholders. For the fourth quarter, Apple expects revenue growth of 9% to 11% year over year, with iPhone growing at mid-teens, while supply constraints and higher memory costs are expected to pressure profitability.
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Shopify IncApple Inc.Apple beat Q3 earnings estimates with record iPhone sales and raised guidance.
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