EX-99.1 2 a8-kex991q3202606272026.htm EX-99.1 Document Exhibit 99.1 Apple reports third quarter results June quarter records for total company revenue and EPS iPhone, Mac and Services revenue set new June quarter records CUPERTINO, CALIFORNIA — Apple ® today announced financial results for its fiscal 2026 third quarter ended June 27, 2026. The Company posted quarterly revenue of $109.4 billion, up 16 percent year over year. Company gross margin was 50.1 percent, including a favorable impact of approximately 2 percentage points from tariff refunds. Diluted earnings per share was $2.02, up 29 percent year over year, and included a favorable impact of $0.11 from tariff refunds. “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,” said Tim Cook, Apple’s CEO. “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.” “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,” said Kevan Parekh, Apple’s CFO. “Our installed base of active devices also reached a new all-time high across all major product categories and geographic segments.” Apple’s board of directors has declared a cash dividend of $0.27 per share of the Company’s common stock. The dividend is payable on August 13, 2026, to shareholders of record as of the close of business on August 10, 2026. Apple will provide live streaming of its Q3 2026 financial results conference call beginning at 2:00 p.m. PT on July 30, 2026, at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter. Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders. This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about payment of the Company’s quarterly dividend and future business plans. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. Risks and uncertainties include without limitation: effects of global and regional economic conditions, including as a result of government policies, trade and other international disputes, geopolitical tensions, conflict, terrorism, natural disasters, and public health issues; risks relating to the design, manufacture, introduction, and transition of products and services in highly competitive and rapidly changing markets, including from reliance on third parties for components, technology, manufacturing, applications, services, support, and content; risks relating to information technology system failures, network disruptions, and failure to protect, loss of, or unauthorized access to, or release of, data; and effects of unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date they are made. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it. Press Contact: Josh Rosenstock Apple jrosenstock@apple.com (408) 862-1142 Investor Relations Contact: Suhasini Chandramouli Apple suhasini@apple.com (408) 974-3123 NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at media.help@apple.com. © 2026 Apple Inc. All rights reserved. Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners. Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and per-share amounts) Three Months Ended Nine Months Ended June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Net sales:    Products $ 78,678  $ 66,613  $ 272,629  $ 233,287     Services 30,739  27,423  91,728  80,408  Total net sales (1) 109,417  94,036  364,357  313,695  Cost of sales:    Products 47,153  43,620  163,810  147,097     Services 7,494  6,698  21,765  19,738  Total cost of sales 54,647  50,318  185,575  166,835  Gross margin 54,770  43,718  178,782  146,860  Operating expenses: Research and development 11,729  8,866  34,035  25,684  Selling, general and administrative 7,346  6,650  22,315  20,553  Total operating expenses 19,075  15,516  56,350  46,237  Operating income 35,695  28,202  122,432  100,623  Other income/(expense), net 572  (171) 670  (698) Income before provision for income taxes 36,267  28,031  123,102  99,925  Provision for income taxes 6,478  4,597  21,638  15,381  Net income $ 29,789  $ 23,434  $ 101,464  $ 84,544  Earnings per share: Basic $ 2.03  $ 1.57  $ 6.91  $ 5.64  Diluted $ 2.02  $ 1.57  $ 6.88  $ 5.62  Shares used in computing earnings per share: Basic 14,656,110  14,902,886  14,692,515  14,992,898  Diluted 14,714,676  14,948,179  14,750,302  15,051,726  (1)  Net sales by reportable segment: Americas $ 45,781  $ 41,198  $ 149,403  $ 134,161  Europe 29,395  24,014  95,596  82,329  Greater China 18,816  15,369  64,839  49,884  Japan 6,554  5,782  24,368  22,067  Rest of Asia Pacific 8,871  7,673  30,151  25,254  Total net sales $ 109,417  $ 94,036  $ 364,357  $ 313,695  (1)  Net sales by category: iPhone $ 54,252  $ 44,582  $ 196,515  $ 160,561  Mac 10,352  8,046  27,137  24,982  iPad 6,191  6,581  21,700  21,071  Wearables, Home and Accessories 7,883  7,404  27,277  26,673  Services 30,739  27,423  91,728  80,408  Total net sales $ 109,417  $ 94,036  $ 364,357  $ 313,695  Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and par value) June 27, 2026 September 27, 2025 ASSETS: Current assets: Cash and cash equivalents $ 39,544  $ 35,934  Marketable securities 22,855  18,763  Accounts receivable, net 31,398  39,777  Vendor non-trade receivables 27,509  33,180  Inventories 11,092  5,718  Other current assets 17,420  14,585  Total current assets 149,818  147,957  Non-current assets: Marketable securities 84,118  77,723  Property, plant and equipment, net 51,431  49,834  Intangible assets, net 20,342  11,093  Other non-current assets 77,557  72,634  Total non-current assets 233,448  211,284  Total assets $ 383,266  $ 359,241  LIABILITIES AND SHAREHOLDERS’ EQUITY: Current liabilities: Accounts payable $ 64,525  $ 69,860  Other current liabilities 62,259  66,387  Deferred revenue 9,538  9,055  Commercial paper 1,997  7,979  Term debt 11,007  12,350  Total current liabilities 149,326  165,631  Non-current liabilities: Term debt 71,340  78,328  Other non-current liabilities 55,080  41,549  Total non-current liabilities 126,420  119,877  Total liabilities 275,746  285,508  Commitments and contingencies Shareholders’ equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 14,608,963 and 14,773,260 shares issued and outstanding, respectively 100,702  93,568  Retained earnings/(Accumulated deficit) 11,326  (14,264) Accumulated other comprehensive loss (4,508) (5,571) Total shareholders’ equity 107,520  73,733  Total liabilities and shareholders’ equity $ 383,266  $ 359,241  Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions) Nine Months Ended June 27, 2026 June 28, 2025 Cash, cash equivalents, and restricted cash and cash equivalents, beginning balances $ 35,934  $ 29,943  Operating activities: Net income 101,464  84,544  Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization 9,973  8,571  Share-based compensation expense 10,523  9,680  Other (2,037) (1,748) Changes in operating assets and liabilities: Accounts receivable, net 8,316  5,685  Vendor non-trade receivables 5,671  13,555  Inventories (5,461) 1,223  Other current and non-current assets (16,266) (6,116) Accounts payable (5,203) (18,479) Other current and non-current liabilities 10,016  (15,161) Cash generated by operating activities 116,996  81,754  Investing activities: Purchases of marketable securities (48,752) (17,591) Proceeds from maturities of marketable securities 26,504  35,036  Proceeds from sales of marketable securities 12,016  10,785  Payments for acquisition of property, plant and equipment (6,799) (9,473) Other (1,780) (975) Cash generated by/(used in) investing activities (18,811) 17,782  Financing activities: Payments for taxes related to net share settlement of equity awards (6,462) (5,719) Payments for dividends and dividend equivalents (11,778) (11,559) Repurchases of common stock (62,094) (70,579) Proceeds from issuance of term debt, net —  4,481  Repayments of term debt (8,146) (9,682) Repayments of commercial paper, net (5,911) (65) Other (184) (87) Cash used in financing activities (94,575) (93,210) Increase in cash, cash equivalents, and restricted cash and cash equivalents 3,610  6,326  Cash, cash equivalents, and restricted cash and cash equivalents, ending balances $ 39,544  $ 36,269  Supplemental cash flow disclosure: Cash paid for income taxes, net $ 26,555  $ 37,332 Item 2.02 Results of Operations and Financial Condition. On July 30, 2026, Apple Inc. (“Apple”) issued a press release regarding Apple’s financial results for its third fiscal quarter ended June 27, 2026. A copy of Apple’s press release is attached hereto as Exhibit 99.1. The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit Description 99.1 Press release issued by Apple Inc. on July 30, 2026. 104 Inline XBRL for the cover page of this Current Report on Form 8-K. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 30, 2026 Apple Inc. By: /s/ Kevan Parekh Kevan Parekh Senior Vice President, Chief Financial Officer