AAPL Q3 2026 Earnings — Income Statement Breakdown
For its Q3 2026 period (ending 2026-06-27), AAPL reported revenue of $109.4B, gross profit of $54.8B (50.1% gross margin), operating income of $35.7B, and net income of $29.8B (27.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AAPL was profitable; revenue fell 1.6% quarter over quarter, and revenue beat consensus by 0.3%.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −1.6% | +0.7% | +0.6 pp |
Consensus revenue estimate was $109.0B; reported revenue was +0.3% versus consensus. EPS was $0.00 versus $1.88 expected.
AAPL Q3 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $109.4B | 100% |
| Cost of Revenue | −$54.6B | 49.9% |
| Gross Profit | $54.8B | 50.1% |
| Research & Development | −$11.7B | 10.7% |
| Selling, General & Administrative | −$7.3B | 6.7% |
| Operating Income | $35.7B | 32.6% |
| Other Income, net | $572M | 0.5% |
| Income Tax Expense | −$6.5B | 5.9% |
| Net Income | $29.8B | 27.2% |
Source: original SEC filing (filed 2026-07-30). Accession 0000320193-26-000018. Data normalized by EarningsFyi.