Apple Inc.
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AAPL Q3 2026 request
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Earnings Summary
| Metric | Q3 2026 | Q3 2025 | YoY |
|---|---|---|---|
| Net sales, Products | 78,678 | 66,613 | +18.1% |
| Net sales, Services | 30,739 | 27,423 | +12.1% |
| Total net sales | 109,417 | 94,036 | +16.4% |
| Cost of sales, Products | 47,153 | 43,620 | +8.1% |
| Cost of sales, Services | 7,494 | 6,698 | +11.9% |
| Total cost of sales | 54,647 | 50,318 | +8.6% |
| Gross margin | 54,770 | 43,718 | +25.3% |
| Operating expenses, Research and development | 11,729 | 8,866 | +32.3% |
| Operating expenses, Selling, general and administrative | 7,346 | 6,650 | +10.5% |
| Total operating expenses | 19,075 | 15,516 | +22.9% |
| Operating income | 35,695 | 28,202 | +26.6% |
| Other income/(expense), net | 572 | -171 | +434.5% |
| Income before provision for income taxes | 36,267 | 28,031 | +29.4% |
| Provision for income taxes | 6,478 | 4,597 | +40.9% |
| Net income | 29,789 | 23,434 | +27.1% |
| Earnings per share, basic | 2.03 | 1.57 | +29.3% |
| Earnings per share, diluted | 2.02 | 1.57 | +28.7% |
| Shares used in computing earnings per share, basic | 14,656,110 | 14,902,886 | -1.7% |
| Shares used in computing earnings per share, diluted | 14,714,676 | 14,948,179 | -1.6% |
| Net sales by reportable segment, Americas | 45,781 | 41,198 | +11.1% |
| Net sales by reportable segment, Europe | 29,395 | 24,014 | +22.4% |
| Net sales by reportable segment, Greater China | 18,816 | 15,369 | +22.4% |
| Net sales by reportable segment, Japan | 6,554 | 5,782 | +13.4% |
| Net sales by reportable segment, Rest of Asia Pacific | 8,871 | 7,673 | +15.6% |
| Net sales by reportable segment, Total net sales | 109,417 | 94,036 | +16.4% |
| Net sales by category, iPhone | 54,252 | 44,582 | +21.7% |
| Net sales by category, Mac | 10,352 | 8,046 | +28.7% |
| Net sales by category, iPad | 6,191 | 6,581 | -5.9% |
| Net sales by category, Wearables, Home and Accessories | 7,883 | 7,404 | +6.5% |
| Net sales by category, Services | 30,739 | 27,423 | +12.1% |
| Net sales by category, Total net sales | 109,417 | 94,036 | +16.4% |
| Net sales, Products | 272,629 | 233,287 | +16.9% |
| Net sales, Services | 91,728 | 80,408 | +14.1% |
| Total net sales | 364,357 | 313,695 | +16.2% |
| Cost of sales, Products | 163,810 | 147,097 | +11.4% |
| Cost of sales, Services | 21,765 | 19,738 | +10.3% |
| Total cost of sales | 185,575 | 166,835 | +11.2% |
| Gross margin | 178,782 | 146,860 | +21.7% |
| Operating expenses, Research and development | 34,035 | 25,684 | +32.5% |
| Operating expenses, Selling, general and administrative | 22,315 | 20,553 | +8.6% |
| Total operating expenses | 56,350 | 46,237 | +21.9% |
| Operating income | 122,432 | 100,623 | +21.7% |
| Other income/(expense), net | 670 | -698 | +196.0% |
| Income before provision for income taxes | 123,102 | 99,925 | +23.2% |
| Provision for income taxes | 21,638 | 15,381 | +40.7% |
| Net income | 101,464 | 84,544 | +20.0% |
| Earnings per share, basic | 6.91 | 5.64 | +22.5% |
| Earnings per share, diluted | 6.88 | 5.62 | +22.4% |
| Shares used in computing earnings per share, basic | 14,692,515 | 14,992,898 | -2.0% |
| Shares used in computing earnings per share, diluted | 14,750,302 | 15,051,726 | -2.0% |
| Net sales by reportable segment, Americas | 149,403 | 134,161 | +11.4% |
| Net sales by reportable segment, Europe | 95,596 | 82,329 | +16.1% |
| Net sales by reportable segment, Greater China | 64,839 | 49,884 | +30.0% |
| Net sales by reportable segment, Japan | 24,368 | 22,067 | +10.4% |
| Net sales by reportable segment, Rest of Asia Pacific | 30,151 | 25,254 | +19.4% |
| Net sales by reportable segment, Total net sales | 364,357 | 313,695 | +16.2% |
| Net sales by category, iPhone | 196,515 | 160,561 | +22.4% |
| Net sales by category, Mac | 27,137 | 24,982 | +8.6% |
| Net sales by category, iPad | 21,700 | 21,071 | +3.0% |
| Net sales by category, Wearables, Home and Accessories | 27,277 | 26,673 | +2.3% |
| Net sales by category, Services | 91,728 | 80,408 | +14.1% |
| Net sales by category, Total net sales | 364,357 | 313,695 | +16.2% |
| Current assets, Cash and cash equivalents | 39,544 | 35,934 | +10.0% |
| Current assets, Marketable securities | 22,855 | 18,763 | +21.8% |
| Current assets, Accounts receivable, net | 31,398 | 39,777 | -21.1% |
| Current assets, Vendor non-trade receivables | 27,509 | 33,180 | -17.1% |
| Current assets, Inventories | 11,092 | 5,718 | +94.0% |
| Current assets, Other current assets | 17,420 | 14,585 | +19.4% |
| Total current assets | 149,818 | 147,957 | +1.3% |
| Non-current assets, Marketable securities | 84,118 | 77,723 | +8.2% |
| Non-current assets, Property, plant and equipment, net | 51,431 | 49,834 | +3.2% |
| Non-current assets, Intangible assets, net | 20,342 | 11,093 | +83.4% |
| Non-current assets, Other non-current assets | 77,557 | 72,634 | +6.8% |
| Total non-current assets | 233,448 | 211,284 | +10.5% |
| Total assets | 383,266 | 359,241 | +6.7% |
| Current liabilities, Accounts payable | 64,525 | 69,860 | -7.6% |
| Current liabilities, Other current liabilities | 62,259 | 66,387 | -6.2% |
| Current liabilities, Deferred revenue | 9,538 | 9,055 | +5.3% |
| Current liabilities, Commercial paper | 1,997 | 7,979 | -75.0% |
| Current liabilities, Term debt | 11,007 | 12,350 | -10.9% |
| Total current liabilities | 149,326 | 165,631 | -9.8% |
| Non-current liabilities, Term debt | 71,340 | 78,328 | -8.9% |
| Non-current liabilities, Other non-current liabilities | 55,080 | 41,549 | +32.6% |
| Total non-current liabilities | 126,420 | 119,877 | +5.5% |
| Total liabilities | 275,746 | 285,508 | -3.4% |
| Shareholders' equity, Common stock and additional paid-in capital | 100,702 | 93,568 | +7.6% |
| Shareholders' equity, Retained earnings/(Accumulated deficit) | 11,326 | -14,264 | +179.4% |
| Shareholders' equity, Accumulated other comprehensive loss | -4,508 | -5,571 | +19.1% |
| Total shareholders' equity | 107,520 | 73,733 | +45.8% |
| Total liabilities and shareholders' equity | 383,266 | 359,241 | +6.7% |
| Cash, cash equivalents, and restricted cash and cash equivalents, beginning balances | 35,934 | 29,943 | +20.0% |
| Operating activities, Net income | 101,464 | 84,544 | +20.0% |
| Operating activities, Depreciation and amortization | 9,973 | 8,571 | +16.4% |
| Operating activities, Share-based compensation expense | 10,523 | 9,680 | +8.7% |
| Operating activities, Other | -2,037 | -1,748 | -16.5% |
| Changes in operating assets and liabilities, Accounts receivable, net | 8,316 | 5,685 | +46.3% |
| Changes in operating assets and liabilities, Vendor non-trade receivables | 5,671 | 13,555 | -58.2% |
| Changes in operating assets and liabilities, Inventories | -5,461 | 1,223 | -546.5% |
| Changes in operating assets and liabilities, Other current and non-current assets | -16,266 | -6,116 | -166.0% |
| Changes in operating assets and liabilities, Accounts payable | -5,203 | -18,479 | +71.8% |
| Changes in operating assets and liabilities, Other current and non-current liabilities | 10,016 | -15,161 | +166.1% |
| Cash generated by operating activities | 116,996 | 81,754 | +43.1% |
| Investing activities, Purchases of marketable securities | -48,752 | -17,591 | -177.1% |
| Investing activities, Proceeds from maturities of marketable securities | 26,504 | 35,036 | -24.4% |
| Investing activities, Proceeds from sales of marketable securities | 12,016 | 10,785 | +11.4% |
| Investing activities, Payments for acquisition of property, plant and equipment | -6,799 | -9,473 | +28.2% |
| Investing activities, Other | -1,780 | -975 | -82.6% |
| Cash generated by/(used in) investing activities | -18,811 | 17,782 | -205.8% |
| Financing activities, Payments for taxes related to net share settlement of equity awards | -6,462 | -5,719 | -13.0% |
| Financing activities, Payments for dividends and dividend equivalents | -11,778 | -11,559 | -1.9% |
| Financing activities, Repurchases of common stock | -62,094 | -70,579 | +12.0% |
| Financing activities, Proceeds from issuance of term debt, net | — | 4,481 | — |
| Financing activities, Repayments of term debt | -8,146 | -9,682 | +15.9% |
| Financing activities, Repayments of commercial paper, net | -5,911 | -65 | -8993.8% |
| Financing activities, Other | -184 | -87 | -111.5% |
| Cash used in financing activities | -94,575 | -93,210 | -1.5% |
| Increase in cash, cash equivalents, and restricted cash and cash equivalents | 3,610 | 6,326 | -42.9% |
| Cash, cash equivalents, and restricted cash and cash equivalents, ending balances | 39,544 | 36,269 | +9.0% |
| Supplemental cash flow disclosure, Cash paid for income taxes, net | 26,555 | 37,332 | -28.9% |
Values in millions USD. Source: SEC EDGAR 8-K filing.