Apple Inc.: Siri AI launch details and private on-device/compute integration

Apple Inc. 2026 Q3: Financial Performance summary

• Apple reported $109.4 billion in revenue for the June quarter, up 16% year-over-year and a June quarter record.
• Company gross margin was 50.1%, up 80 basis points sequentially, and included roughly a 2 percentage point favorable impact from tariff refunds.
• Net income was $29.8 billion and diluted EPS was $2.02, up 29% year-over-year; operating cash flow was $34.4 billion.
• Products gross margin was 40.1%, up 140 basis points sequentially, including a favorable impact of over 2.5 percentage points from tariff refunds.
• Products revenue was $78.7 billion, up 18% year-over-year, driven by double-digit growth in both iPhone and Mac (each set June quarter revenue records).
• Services gross margin was 75.6%, down 110 basis points sequentially, attributed to mix changes.
• Services revenue was $30.7 billion, up 12% year-over-year, also setting a June quarter revenue record despite sequential foreign exchange headwinds.