Form 10-Q · Quarterly report
Apple Inc. 10-Q, filed Jul 31, 2026
- Filed
- CIK
- 0000320193
- Accession no.
- 0000320193-26-000020
Summary
Apple reported net sales of $109.4 billion for its fiscal 2026 third quarter ended June 27, 2026, up 16% from a year earlier, with iPhone net sales up 22% to $54.3 billion and total gross margin rising to 50.1% from 46.5%. Apple said it is facing supply constraints and rising costs for components including advanced semiconductors, NAND storage and DRAM memory, and expects those trends to intensify and potentially materially hurt its revenue, gross margin and financial condition.
Key points
- Third-quarter net sales rose 16% year over year to $109.4 billion; nine-month net sales rose 16% to $364.4 billion.
- Greater China net sales rose 22% in the quarter to $18.8 billion and 30% over nine months, which Apple attributed primarily to higher iPhone sales.
- Apple announced iOS 27, macOS 27 Golden Gate, iPadOS 27, watchOS 27, visionOS 27 and tvOS 27 during the quarter and introduced Siri AI.
- Apple said the U.S. Supreme Court's February 20, 2026 ruling struck down certain tariffs imposed under the International Emergency Economic Powers Act, and that it has applied for a refund of tariffs paid.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations This Item and other sections of this Quarterly Report on Form 10-Q (“Form 10-Q”) contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. …
An excerpt of the text as filed with the SEC, cut for length.
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