Apple reported stronger-than-expected earnings and revenue for the fiscal third quarter, driven by a 22% increase in iPhone sales.
Here’s how the company did versus LSEG consensus estimates:
* **EPS**: $2.02, which isn’t comparable to analyst estimates of $1.89.
* **Revenue**: $109.42 billion, versus $108.65 billion estimated.
Here’s how Apple did in other key areas:
* **iPhone revenue**: $54.25 billion vs. $53.86 billion estimated.
* **Mac revenue**: $10.35 billion vs. $8.74 billion estimated.
* **iPad revenue**: $6.19 billion vs. $6.92 billion estimated.
* **Wearables revenue**: $7.88 billion vs. $7.82 billion estimated.
* **Services revenue**: $30.74 billion vs. $31.22 billion estimated.
* **Gross margin**: 50.1%. That’s not comparable to analyst estimates of 47.9% due to tariff rebates.
* **Cash**: $146.52 billion
Apple didn’t provide official guidance, which normally comes on the earnings call. CEO Tim Cook, in his last earnings report at the helm before turning the job over to John Ternus, will also address how Apple sees components shortages shaking out.
Net income climbed to $29.79 billion, or $2.02 per share, from $24.43 billion, or $1.57 per share, a year ago. Apple said earnings included 11 cents per share from tariff rebates.
Source: [https://www.cnbc.com/2026/07/30/apple-earnings-live-updates.html](https://www.cnbc.com/2026/07/30/apple-earnings-live-updates.html)
