Record demand is colliding with advanced-node shortages and escalating memory costs, tempering near-term growth and margins.
| Quarter | Q3 FY26 |
|---|---|
| Call date | 2026-07-30 |
| Length | 66 minutes |
| EPS | $1.91 |
| EPS consensus | $1.88 |
| Revenue | $109.4B |
Apple reported June-quarter revenue of $109.4 billion, up 16% year over year, with records across iPhone, Mac, Services, and every geographic segment. September-quarter revenue is expected to grow 9%-11%, constrained by approximately 2.5 percentage points of foreign exchange headwinds and significantly higher supply constraints affecting iPhone, Mac, and iPad. Services revenue rose 12% to $30.7 billion, while paid subscriptions surpassed 1.5 billion. Management said rising memory costs were the primary driver of sequential gross-margin pressure, with pricing expected to increase further beyond September.
What changed, guidance prior to now, analyst Q&A candor and the case for and against are part of Core.
Other quarters: Q1 FY26 · Q4 FY25 · Q3 FY25
Read the full Q3 FY26 earnings call transcript
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Transcript produced by Signals.AI from the company's own earnings call audio. Not personalized investment advice.