Apple Reports Record Revenue, But Warns of Supply Constraints

Apple reported record Q3 FY2026 revenue of $109.42 billion, up 16.4% year-over-year, surpassing Wall Street expectations.

The company's diluted EPS jumped to $2.02, exceeding the $1.88 consensus estimate, with a one-time benefit from tariff refunds included in calculations.

Excluding this item, adjusted EPS was $1.91, still beating expectations.

Apple's gross profit margin reached 50.1%, at the upper bound of previous guidance, while iPhone sales surged 21.7% YoY to $54.25 billion and Mac revenue soared 28.7% YoY to $10.35 billion.