Apple Sets New Financial Records in June Quarter
Apple announced its financial results for the third quarter of 2026, achieving a revenue of $109.4 billion, which is a notable increase from $94.0 billion recorded in the same period last year. Earnings per share also saw a rise, reaching $2.02 per diluted share compared to $1.57 per share in the previous year. The company reported a net profit of $29.8 billion for the quarter, up from $23.43 billion in the year-ago period.
The company reached new heights in revenue for the iPhone, Mac, and Services divisions, setting fresh June quarter records. Gross margin, representing the portion of revenue remaining after deducting production costs, rose to 50.1 percent, an improvement from the 46.5 percent seen in the year-ago period. iPhone revenue reached $54.3 billion, while Mac revenue hit $10.4 billion, and Services revenue climbed to $30.7 billion.
Final Earnings Call for Tim Cook
Apple’s upcoming conference call is set to be the last one led by Tim Cook as the company's CEO. Scheduled for July 30 at 2:00 p.m. Pacific Time, the call will include CFO Kevan Parekh and will detail the company's financial results for the quarter. This final report from Cook comes after the recent launch of key products and software updates, such as the new Siri AI and child safety features.
The call is designed for Apple shareholders and financial analysts, but the company will live-stream the event, allowing public access. Cook and Parekh will discuss financial highlights and developments during the second quarter of the 2026 calendar year. Cook stated, “Today, Apple is proud to report our strongest June quarter ever, with double-digit revenue growth across iPhone, Mac and Services, and in every geographic segment. At WWDC26, we were thrilled to introduce the all-new Siri AI, alongside all of Apple’s latest software innovations and important new child safety features.” Parekh added: “We are very pleased with our record business performance during the quarter, which set new June quarter records for both EPS and operating cash flow. Our installed base of active devices also reached a new all-time high across all major product categories and geographic segments.”
According to Bloomberg's Mark Gurman, Apple is in the process of creating a new operating system that combines elements of tvOS, watchOS, and iOS into a single platform. This operating system is intended for Apple's anticipated smart home hub and will include features such as widgets, app grids, and customizable clock faces.
The system will incorporate facial recognition technology to tailor user experiences across devices, indicating a move toward more cohesive integration within Apple's home ecosystem. The new platform is expected to operate on a dedicated hardware device that is still under development.
The new smart home OS is part of Apple's ongoing efforts to expand its product ecosystem, building on the success of its existing devices and software. This development follows a pattern of innovation seen in recent years, including advancements in artificial intelligence and enhanced user privacy features.