Apple’s Q3 FY2026 Delivers Record Revenue and EPS — Yet Shares Plunge 10 %

allnews_help 1 August 2026 2 minutes read

Apple has released its results for the third quarter of fiscal year 2026, which ended on June 27. The press release opens with a subheading highlighting new records for the company’s total revenue and earnings per share. Yet, despite the strong figures, the stock dropped 10 % after the report’s release — a notably steep decline.

The company’s quarterly revenue reached $109.4 billion, up 16 % year‑over‑year. Operating profit rose from$ 109.4 billion,up16 28.2 billion to $35.7 billion, while net income increased to$ 35.7 billion,whilenetincomeincreasedto29.8 billion compared to $23.4 billion in the same period last year. These are solid results that exceeded expectations; however, shareholders reacted negatively to the company’s outlook for the current month, which weighed heavily on the share price.

iPhone sales rose by nearly a quarter, hitting $55.3 billion. Mac sales increased from$ 55.3 billion.Macsalesincreasedfrom8 billion to $10.4 billion. Wearables, home products, and accessories saw more modest growth, climbing from$ 10.4 billion.Wearables,homeproducts,andaccessoriessawmoremodestgrowth,climbingfrom7.4 billion to $7.9 billion. Apple’s services segment generated$ 7.9 billion.Apple’sservicessegmentgenerated30.7 billion in revenue, up from $27.4 billion year‑over‑year. In contrast, iPad sales declined from$ 27.4 billionyear‑over‑year.Incontrast,iPadsalesdeclinedfrom6.6 billion to $6.2 billion.