Apple reports strong Q3 earnings, net profit up 27%
Apple announced its fiscal 2026 third quarter financial results, reporting a net profit of $29.79 billion, a 27.12% increase year-over-year. Total revenue reached $109.42 billion.
Apple released its fiscal 2026 third quarter financial results today, revealing a net profit of $29.79 billion, marking a significant 27.12% increase compared to the same period last year. Total revenue for the quarter stood at $109.42 billion, up 16.36% from the prior year.
The company saw strong performance across its product lines, with iPhone revenue reaching $54.25 billion, Mac revenue at $10.35 billion, and Services revenue hitting $30.74 billion. All three categories achieved record highs for a June quarter. The gross margin improved to 50.1%, an increase of 3.61 percentage points over the previous year, partly aided by customs duty refunds.
Operating cash flow for the nine-month period reached $116.99 billion, a substantial 43.11% increase. The board of directors also declared a quarterly cash dividend of $0.27 per share, payable in August.
Looking ahead, Apple highlighted its focus on AI, including the recent introduction of a new Siri AI. The company anticipates these software innovations will become a key growth driver. The installed base of active devices also reached new all-time highs across major product categories and geographic segments.