Exhibit 99.1


Apple reports third quarter results

June quarter records for total company revenue and EPS

iPhone, Mac and Services revenue set new June quarter records

CUPERTINO, CALIFORNIA — Apple® today announced financial results for its fiscal 2026 third quarter ended June 27, 2026. The Company posted quarterly revenue of $109.4 billion, up 16 percent year over year. Company gross margin was 50.1 percent, including a favorable impact of approximately 2 percentage points from tariff refunds. Diluted earnings per share was $2.02, up 29 percent year over year, and included a favorable impact of $0.11 from tariff refunds.

“Today, Apple is proud to report our strongest June quarter ever, with double-digit revenue growth across iPhone, Mac and Services, and in every geographic segment,” said Tim Cook, Apple’s CEO. “At WWDC26, we were thrilled to introduce the all-new Siri AI, alongside all of Apple’s latest software innovations and important new child safety features.”

“We are very pleased with our record business performance during the quarter, which set new June quarter records for both EPS and operating cash flow,” said Kevan Parekh, Apple’s CFO. “Our installed base of active devices also reached a new all-time high across all major product categories and geographic segments.”

Apple’s board of directors has declared a cash dividend of $0.27 per share of the Company’s common stock. The dividend is payable on August 13, 2026, to shareholders of record as of the close of business on August 10, 2026.

Apple will provide live streaming of its Q3 2026 financial results conference call beginning at 2:00 p.m. PT on July 30, 2026, at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter.

Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.


This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about payment of the Company’s quarterly dividend and future business plans. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. Risks and uncertainties include without limitation: effects of global and regional economic conditions, including as a result of government policies, trade and other international disputes, geopolitical tensions, conflict, terrorism, natural disasters, and public health issues; risks relating to the design, manufacture, introduction, and transition of products and services in highly competitive and rapidly changing markets, including from reliance on third parties for components, technology, manufacturing, applications, services, support, and content; risks relating to information technology system failures, network disruptions, and failure to protect, loss of, or unauthorized access to, or release of, data; and effects of unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date they are made.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

Press Contact:
Josh Rosenstock
Apple
jrosenstock@apple.com
(408) 862-1142

Investor Relations Contact:
Suhasini Chandramouli
Apple
suhasini@apple.com
(408) 974-3123


NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at media.help@apple.com.

© 2026 Apple Inc. All rights reserved. Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.



Apple Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
(In millions, except number of shares, which are reflected in thousands, and per-share amounts)
Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
Net sales:
   Products$78,678 $66,613 $272,629 $233,287 
   Services30,739 27,423 91,728 80,408 
Total net sales (1)
109,417 94,036 364,357 313,695 
Cost of sales:
   Products47,153 43,620 163,810 147,097 
   Services7,494 6,698 21,765 19,738 
Total cost of sales54,647 50,318 185,575 166,835 
Gross margin54,770 43,718 178,782 146,860 
Operating expenses:
Research and development
11,729 8,866 34,035 25,684 
Selling, general and administrative
7,346 6,650 22,315 20,553 
Total operating expenses
19,075 15,516 56,350 46,237 
Operating income
35,695 28,202 122,432 100,623 
Other income/(expense), net
572 (171)670 (698)
Income before provision for income taxes
36,267 28,031 123,102 99,925 
Provision for income taxes
6,478 4,597 21,638 15,381 
Net income
$29,789 $23,434 $101,464 $84,544 
Earnings per share:
Basic
$2.03 $1.57 $6.91 $5.64 
Diluted
$2.02 $1.57 $6.88 $5.62 
Shares used in computing earnings per share:
Basic
14,656,110 14,902,886 14,692,515 14,992,898 
Diluted
14,714,676 14,948,179 14,750,302 15,051,726 
(1) Net sales by reportable segment:
Americas
$45,781 $41,198 $149,403 $134,161 
Europe
29,395 24,014 95,596 82,329 
Greater China
18,816 15,369 64,839 49,884 
Japan
6,554 5,782 24,368 22,067 
Rest of Asia Pacific
8,871 7,673 30,151 25,254 
Total net sales
$109,417 $94,036 $364,357 $313,695 
(1) Net sales by category:
iPhone
$54,252 $44,582 $196,515 $160,561 
Mac
10,352 8,046 27,137 24,982 
iPad
6,191 6,581 21,700 21,071 
Wearables, Home and Accessories
7,883 7,404 27,277 26,673 
Services
30,739 27,423 91,728 80,408 
Total net sales
$109,417 $94,036 $364,357 $313,695 



Apple Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
(In millions, except number of shares, which are reflected in thousands, and par value)

June 27,
2026		September 27,
2025
ASSETS:
Current assets:
Cash and cash equivalents
$39,544 $35,934 
Marketable securities
22,855 18,763 
Accounts receivable, net
31,398 39,777 
Vendor non-trade receivables
27,509 33,180 
Inventories
11,092 5,718 
Other current assets
17,420 14,585 
Total current assets
149,818 147,957 
Non-current assets:
Marketable securities
84,118 77,723 
Property, plant and equipment, net
51,431 49,834 
Intangible assets, net20,342 11,093 
Other non-current assets
77,557 72,634 
Total non-current assets
233,448 211,284 
Total assets
$383,266 $359,241 
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current liabilities:
Accounts payable
$64,525 $69,860 
Other current liabilities
62,259 66,387 
Deferred revenue
9,538 9,055 
Commercial paper
1,997 7,979 
Term debt
11,007 12,350 
Total current liabilities
149,326 165,631 
Non-current liabilities:
Term debt
71,340 78,328 
Other non-current liabilities
55,080 41,549 
Total non-current liabilities
126,420 119,877 
Total liabilities
275,746 285,508 
Commitments and contingencies
Shareholders’ equity:
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 14,608,963 and 14,773,260 shares issued and outstanding, respectively
100,702 93,568 
Retained earnings/(Accumulated deficit)11,326 (14,264)
Accumulated other comprehensive loss(4,508)(5,571)
Total shareholders’ equity
107,520 73,733 
Total liabilities and shareholders’ equity
$383,266 $359,241 



Apple Inc.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(In millions)

Nine Months Ended
June 27,
2026		June 28,
2025
Cash, cash equivalents, and restricted cash and cash equivalents, beginning balances$35,934 $29,943 
Operating activities:
Net income101,464 84,544 
Adjustments to reconcile net income to cash generated by operating activities:
Depreciation and amortization9,973 8,571 
Share-based compensation expense10,523 9,680 
Other(2,037)(1,748)
Changes in operating assets and liabilities:
Accounts receivable, net8,316 5,685 
Vendor non-trade receivables5,671 13,555 
Inventories(5,461)1,223 
Other current and non-current assets(16,266)(6,116)
Accounts payable(5,203)(18,479)
Other current and non-current liabilities10,016 (15,161)
Cash generated by operating activities116,996 81,754 
Investing activities:
Purchases of marketable securities(48,752)(17,591)
Proceeds from maturities of marketable securities26,504 35,036 
Proceeds from sales of marketable securities12,016 10,785 
Payments for acquisition of property, plant and equipment(6,799)(9,473)
Other(1,780)(975)
Cash generated by/(used in) investing activities(18,811)17,782 
Financing activities:
Payments for taxes related to net share settlement of equity awards(6,462)(5,719)
Payments for dividends and dividend equivalents(11,778)(11,559)
Repurchases of common stock(62,094)(70,579)
Proceeds from issuance of term debt, net— 4,481 
Repayments of term debt(8,146)(9,682)
Repayments of commercial paper, net(5,911)(65)
Other(184)(87)
Cash used in financing activities(94,575)(93,210)
Increase in cash, cash equivalents, and restricted cash and cash equivalents3,610 6,326 
Cash, cash equivalents, and restricted cash and cash equivalents, ending balances$39,544 $36,269 
Supplemental cash flow disclosure:
Cash paid for income taxes, net$26,555 $37,332