Apple Q3 2026 Revenue Hits $109.3B Amid Stock Dip
Apple reports $29.8 billion profit for Q3 2026 as iPhone and Mac sales surge, despite supply headwinds and a lack of Q4 guidance.
Apple reported a 16 percent revenue increase to 109.3 billion US dollars and a profit of 29.8 billion US dollars for the third quarter of 2026. Growth was driven by a 22 percent rise in iPhone revenue and a 29 percent jump in Mac sales, while the Services segment grew 12 percent. However, the iPad division saw a slight year-on-year decline. Outgoing CEO Tim Cook highlighted a 'hundred-year flood' in memory market pricing, noting Apple previously paid only cents per gigabyte for over a decade. Cook referenced manufacturers Micron, SK Hynix, and Samsung, alongside the IPO of Chinese memory maker CXMT during the week of July 31, 2026. Despite expecting growth, Apple warned of supply headwinds for iPhone and Mac components and withheld a Q4 forecast, causing shares to drop up to eight percent in after-hours trading.