AAPL
Apple
Beat
Last quarter EPS $1.96 vs $1.89 consensus +4.2%
A modest beat. Services missed the whisper. Watch the tariff footnote.
Q3 2026 · filed Jul 31, 2026
$319.97
-8.24 (-2.5%)
Apple’s June quarter (its fiscal Q3) did $109.42 billion of revenue versus $108.65 billion expected. Adjusted EPS of $1.91 barely cleared $1.89. GAAP EPS of $2.02 includes about $0.11 of tariff-related refunds — that is not a repeatable iPhone dollar.
Ticker Snapshot
Market cap
$4.67T
Shares × last price
EPS (TTM)
$8.73
Trailing twelve months
EBITDA
$46.60B
Average of last 4 Quarters.
Trailing P/E
36.6
Price / TTM EPS
Forward P/E
33.4
Price / next-year EPS
Price / book
43.5×
Price vs net assets on the books
Price / sales
10.0×
Market cap vs last 12 months of sales
Price / cash flow
31.8×
Market cap vs operating cash flow
EV / revenue
10.1×
Enterprise value vs sales — includes debt
Div. yield
0.34%
Annual dividend / price
52-week
$225.95 – $344.57
Range over the last year
From the latest filing
Last 4 quarters ended Jun 27, 2026. Same period on every tile. Arrows vs last quarter and as of last year.
Godel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffHow sales became profit
Average of Last 4 Quarters · Jun 28, 2025 through Jun 27, 2026
What they sold
$116.7B
Revenue. What customers paid.
Cost to make it
−$59.92B
Cost of goods. What it took to produce.
Left after product costs are paid
$56.78B
Gross profit. Sales minus product costs.
Running the company
−$18.07B
Overhead — R&D, selling, and admin.
Operating income
$38.71B
Left after running the business, before interest and tax.
Profit on the books
$32.23B
GAAP net income. Not cash — that's free cash flow.
Profit margin
27.6%
How much of sales became book profit.
Per $100 of sales
Same story, scaled to a hundred-dollar bill so the mix is obvious.
Sales
$100
Average of last 4 Quarters.
Cost to make it
$51
Average of last 4 Quarters.
Left after product costs are paid
$49
Average of last 4 Quarters.
On the books
$28
Average of last 4 Quarters.
Where the money came from
Segments tagged in the filing — the parts inside the total.
iPhone
$57.00B+22%
Still more than half of Apple.
Services
$30.70B+10%
Came in light vs a $31.22B whisper. High margin, closely watched.
Mac / iPad / Wearables
$21.72B+8%
The rest of the hardware stack.
Brief me
A short teacher-voice walkthrough of the filing. On tap, not on load. Never a buy or sell.
Godel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffFilings map
The source documents on EDGAR. Opens in a new tab.
- 4Insider tradesOfficers and directors report buys and sells within two business days. Filed 2026-09-03.
- 8-KCurrent report (earnings 8-K)The exhibit filed the night of the print — Item 2.02 when it is earnings. Filed 2026-09-01.
- 10-QQuarterly reportThe numbered financials, MD&A, and risk-factor updates. Filed 2026-07-31.
- 10-KAnnual reportFull-year audited statements and the business description. Filed 2025-10-31.