Apple (AAPL) Q3 2026 earnings report: Live updates
Apple reported stronger-than-expected Q3 2026 earnings and revenue, driven by a 22% increase in iPhone sales, but issued weak guidance for the current period due to supply constraints. The stock slid over 6% in extended trading, as the company grapples with rising memory costs and prepares for a new Siri launch with Google technology.
Why it matters
This earnings report provides critical insights into Apple's financial health, its challenges with supply chains and component costs, and its strategic direction, including leadership changes and AI integration, impacting the global tech and financial markets.
Apple reported stronger-than-expected earnings and revenue for the fiscal third quarter, driven by a 22% increase in iPhone sales. But the company issued weak guidance for the current period, citing "supply constraints." The stock slid more than 6% in extended trading.
Here's how the company did versus LSEG consensus estimates:
Net income climbed to $29.79 billion, or $2.02 per share, from $23.43 billion, or $1.57 per share, a year ago. Apple said earnings included 11 cents per share from tariff rebates.
Apple is reckoning with a global memory crunch, or what Cook recently called a " hundred-year flood ," and a rush for chip manufacturing capacity that's already forced the company to lift prices on Macs and iPads. Apple hasn't said it will raise prices on iPhones, but many analysts are expecting hikes as soon as this year.
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