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Apple (AAPL) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2026, Apple (AAPL - Free Report) reported revenue of $109.42 billion, up 16.4% over the same period last year. EPS came in at $1.91, compared to $1.57 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $108.75 billion, representing a surprise of +0.62%. The company delivered an EPS surprise of +1.6%, with the consensus EPS estimate being $1.88.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Apple performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales by Category- Wearables, Home and Accessories: $7.88 billion compared to the $7.81 billion average estimate based on seven analysts. The reported number represents a change of +6.5% year over year.
Net Sales by Category- iPhone: $54.25 billion versus the seven-analyst average estimate of $53.97 billion. The reported number represents a year-over-year change of +21.7%.
Net Sales- Services: $30.74 billion versus the seven-analyst average estimate of $31.38 billion. The reported number represents a year-over-year change of +12.1%.
Net Sales by Category- Mac: $10.35 billion versus the seven-analyst average estimate of $8.67 billion. The reported number represents a year-over-year change of +28.7%.
Net Sales- Products: $78.68 billion versus $77.36 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +18.1% change.
Net Sales by Category- iPad: $6.19 billion versus the seven-analyst average estimate of $6.92 billion. The reported number represents a year-over-year change of -5.9%.
Gross margin- Services: $23.25 billion compared to the $24.04 billion average estimate based on six analysts.
Gross margin- Products: $31.53 billion compared to the $28.09 billion average estimate based on six analysts.
Shares of Apple have returned +14.9% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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Apple (AAPL) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2026, Apple (AAPL - Free Report) reported revenue of $109.42 billion, up 16.4% over the same period last year. EPS came in at $1.91, compared to $1.57 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $108.75 billion, representing a surprise of +0.62%. The company delivered an EPS surprise of +1.6%, with the consensus EPS estimate being $1.88.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Apple performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Apple here>>>
Shares of Apple have returned +14.9% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.