Revenue rose in the June quarter
Apple reported $109.4 billion in revenue for its fiscal third quarter ended June 27, 2026, up 16% from a year earlier. Its July 31 release described June-quarter revenue records for iPhone, Mac and Services. The fiscal quarter’s end date matters when comparing the report with the calendar quarters used by other companies.
Apple said it achieved double-digit revenue growth in iPhone, Mac and Services and in every geographic segment. Those comparisons describe changes against the corresponding period a year earlier, not the change from the immediately preceding quarter. The distinction matters because demand for consumer devices can vary with product cycles and seasons.
The effect of tariff refunds
Company gross margin was 50.1%, including a favorable effect of approximately two percentage points from tariff refunds, Apple reported. The distinction helps readers separate the published margin from an item the company specifically identified as affecting it. Removing a stated effect is a way to understand that quarter, not a full forecast of future margins.
Diluted earnings per share were $2.02, up 29% year over year. Apple said the figure included an $0.11 favorable impact from tariff refunds. A comparison of earnings should therefore examine both operating performance and the particular items included in the reported number.
Devices, services and geographic reach
Hardware and services have different commercial patterns. Device sales depend on product availability, replacement cycles and channels, while services encompass ongoing transactions and subscriptions. A strong combined quarter does not establish that every product or service grew at the same rate.
The company also described growth across geographic segments. Those segments are accounting groupings, not a claim that every country performed identically. Exchange rates, local prices, trade policy and the timing of products can affect the relationship between local demand and reported revenue. Readers can consult the underlying statements for a more detailed breakdown.
What to watch in the documents
A company press release offers a concise account of performance, while periodic filings provide additional detail about accounting, risks and cash flows. Both should be read with their period labels. Statements about products or plans should be understood as management descriptions, and future performance is uncertain.
The June-quarter figures are historical results, including the refund effect Apple identified. They do not prove that future margins or revenue growth will match this period. Subsequent reports may provide a different picture as product cycles, costs and the trading environment change.
A closer look at the comparison
The 16% revenue increase compares the June 2026 quarter with the corresponding period in 2025, rather than comparing annual totals. Apple’s fiscal calendar and the timing of product introductions are useful context when reading that number. The company’s statements provide more detail than the headline about the components of sales, the costs associated with them and its earnings. Those figures are reported in dollars, so currency movements can affect comparisons across geographic segments. The reported refund effect is also specific to the quarter and to the measures described in the release. It should not be treated as an adjustment that automatically applies to another quarter. A careful comparison starts with the reported result, identifies material items disclosed by the company and then checks whether the same accounting period and definition are being used.
Key points in the report
- Revenue reached $109.4 billion, up 16% year over year.
- Gross margin was 50.1%, including an approximately two-point refund effect.
- The quarter ended June 27, 2026.
Sources and scope
Read the Apple third-quarter results and the Apple investor relations for the underlying figures and definitions. This article describes the specified reporting period; subsequent releases may change the picture.