Apple has reported its strongest June quarter ever, posting record revenue of $109.4 billion as iPhone, Mac, and Services all delivered their best June quarter performances. During the company’s earnings call, CEO Tim Cook also shared new details about Siri AI, supply constraints, and Apple’s plans for the months ahead.
The company reported fiscal third-quarter revenue of $109.4 billion, up 16 percent year over year, while diluted earnings per share reached $2.02, an increase of 29 percent. Apple also said its active installed base surpassed 2.5 billion devices, setting another all-time record across every major product category and geographic region.
The results cap off Tim Cook’s final quarterly earnings report as Apple CEO before John Ternus officially takes over on September 1.
Cook credited the company’s performance to strong demand across its hardware lineup while pointing to the software unveiled at WWDC26.
Today, Apple is proud to report our strongest June quarter ever, with double-digit revenue growth across iPhone, Mac and Services, and in every geographic segment.
Record growth across Apple’s biggest businesses
The iPhone remained Apple’s largest business, generating $54.3 billion in revenue, up 22 percent year over year. Mac revenue jumped 29 percent to $10.4 billion, marking the platform’s best June quarter ever, while Services reached a record $30.7 billion despite foreign exchange headwinds.
Here’s how Apple’s major businesses performed during the quarter:
- Total revenue: $109.4 billion (up 16%)
- iPhone: $54.3 billion (up 22%)
- Mac: $10.4 billion (up 29%)
- Services: $30.7 billion (up 12%)
- iPad: $6.2 billion (down 6%)
- Wearables, Home and Accessories: $7.9 billion (up 6%)
Apple also reported revenue growth across every geographic segment, including the Americas, Europe, Greater China, Japan, and the Rest of Asia Pacific.
Tim Cook shares new Siri AI details
One of the biggest moments from the earnings call came when analysts asked about Siri AI and its impact on upcoming iPhone sales.
Cook said Apple is “off the charts excited” about Siri AI, adding that feedback from both the developer beta and public beta has been overwhelmingly positive.
He described personal context as one of Siri AI’s biggest strengths and suggested Apple is already thinking about how power users may need additional cloud resources.
While Apple has not finalized its plans, Cook confirmed the company is considering higher iCloud+ storage tiers for customers who make heavy use of Siri AI.
Apple also provided updates on its international rollout. Cook said the company recently received approval to launch the original Apple Intelligence features in China and is continuing work toward bringing Siri AI to the region. In Europe, Apple said it is still working with regulators to make the full Apple Intelligence experience available on iPhone and iPad.
Apple warns of supply constraints next quarter
Despite the record quarter, Apple said supply will become a bigger challenge in the months ahead. Executives explained that demand for the iPhone and Mac has exceeded internal expectations, creating shortages of the advanced chips used across Apple’s devices. The company expects those supply constraints to increase during the September quarter, alongside continued foreign exchange headwinds.
Even so, Apple is forecasting total company revenue growth of 9 to 11 percent next quarter. Apple also noted that rising memory prices remain one of its biggest cost pressures. The company said memory costs have increased for three consecutive quarters and are expected to climb again, prompting Apple to evaluate additional supply options.
Alongside the earnings announcement, Apple declared a quarterly cash dividend of $0.27 per share, payable on August 13 to shareholders of record on August 10.
Cook closed the earnings call with a personal message, thanking Apple’s shareholders, employees, customers, developers, and analysts for their support during his 15 years as CEO. He said he has “never been more optimistic” about Apple’s future and expressed complete confidence in incoming CEO John Ternus.
(via Apple)
