Apple Beats Q3 Estimates
Apple topped Wall Street forecasts as iPhone and Mac sales rose, despite supply concerns.

We're raising our Apple price target, seeing plenty of good despite the memory crunch knocks

Apple earnings takeaways: Weak forecast, supply concerns overshadow sales beat in Cook's last report as CEO

Tim Cook signs off on final Apple earnings call with warning of ‘hundred year flood’ in memory chip pricing | Fortune
Summary
Apple reported fiscal Q3 2026 revenue of $109.4 billion, up 16% and above the $108.65 billion analysts expected, with earnings per share of $2.02. iPhone revenue rose 22% to about $54.25 billion, while Mac revenue rose 29% to about $10.35 billion, driving the June-quarter beat. Apple forecast current-quarter sales growth below Wall Street targets, citing significant supply constraints and surging memory-chip costs tied to AI demand. Shares fell more than 6% in extended trading, and the report was Tim Cook’s final earnings call as CEO.
The Coverage
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