Apple (AAPL) Q3 2026 earnings report: Live updates

Key Points:

• Apple reported stronger-than-expected Q3 earnings with EPS of $2.02 and revenue of $109.42 billion, driven by a 22% surge in iPhone sales, although services revenue missed estimates, causing a 4% drop in after-hours stock trading.
• Mac revenue jumped nearly 29% to $10.35 billion, boosted by strong sales of the low-cost MacBook Neo and MacBook Pro, while iPad sales declined 6%, and wearables revenue grew modestly by 6%.
• The company’s gross margin reached a record 50.1%, helped by tariff rebates that added 11 cents per share, but Apple is facing supply chain challenges and rising component costs, leading to price hikes on Macs and iPads.
• Apple's China region sales increased 22% to $18.82 billion, driven by strong iPhone and Mac performance, with the company gaining market share as competitors raised prices amid a shrinking smartphone market.
• CEO Tim Cook highlighted ongoing memory shortages and supply constraints, calling the situation difficult for consumers, while Apple prepares for a September launch of redesigned Siri technology and new iPhone hardware.