Apple Inc. reported significant financial growth in its third quarter of fiscal year 2026, with total net sales reaching $109.4 billion, a 16% increase from $94.0 billion in the same quarter of the previous year. The company's net income for the quarter was $29.8 billion, up from $23.4 billion year-over-year, resulting in diluted earnings per share of $2.02, compared to $1.57 in the prior year. For the nine-month period ending June 27, 2026, total net sales were $364.4 billion, reflecting a 16% increase from $313.7 billion in the same period of 2025.
The growth in revenue was driven primarily by a 22% increase in iPhone sales, which totaled $54.3 billion, and a 29% rise in Mac sales, amounting to $10.4 billion. Services also contributed significantly, generating $30.7 billion, a 12% increase from the previous year. The company noted that the increase in sales was supported by strong demand for its Pro models and higher sales in its services segment, which includes cloud services and advertising.
In terms of operational developments, Apple reported a total of 14.6 billion shares of common stock outstanding as of July 17, 2026. The company has also been actively managing its capital return program, repurchasing $25.8 billion of its common stock during the quarter and paying $4.0 billion in dividends. The total cash, cash equivalents, and marketable securities at the end of the quarter stood at $39.5 billion, up from $35.9 billion at the end of the previous fiscal year.
Apple's strategic initiatives included the introduction of new operating systems, such as iOS 27 and macOS 27, and the launch of Siri AI, which are expected to enhance user engagement and drive future sales. The company is also navigating macroeconomic challenges, including supply chain constraints and rising component costs, which could impact its profitability moving forward. Despite these challenges, Apple remains optimistic about its growth trajectory, citing strong demand for its products and services as a key driver of future performance. The company anticipates continued revenue growth, although it acknowledges potential volatility in gross margins due to external market conditions.
About Apple Inc.
Apple Inc. designs, manufactures, and markets consumer electronics including smartphones (iPhone), personal computers (Mac), tablets (iPad), wearables, and accessories. It offers related services such as digital content, cloud storage, payment solutions, and technical support. Serving global consumer, business, education, and government markets, Apple integrates hardware, software, and services to deliver innovative, high-quality products with a strong ecosystem and extensive distribution through direct and indirect channels.
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