US company Apple reported revenue and profit figures that exceeded market expectations for its fiscal third quarter ended June 27, 2026. The technology giant posted total revenue of $109.4 billion, representing a 16.4% increase from the same period a year earlier.
Apple's net profit for the fiscal third quarter of 2026, marking a 27.1% year-over-year increase.
The company’s net profit reached $29.8 billion, a 27.1% rise year-over-year. Earnings per share came in at $2.02, up from $1.57 in the previous year’s comparable quarter. Despite beating these financial targets, Apple shares slipped in after-hours trading following the release of the earnings report.
IPhone and Mac drive Apple growth
Product sales showed divergent trends across Apple’s hardware lineup. iPhone revenue grew 21.7% year-over-year to reach $54.3 billion, serving as the primary driver of the quarter’s performance. Mac sales also saw significant gains, rising 28.7% to $10.4 billion.
In contrast, iPad sales declined during the period. Revenue from the tablet segment fell 5.9% year-over-year to $6.2 billion. This mix of strong smartphone and computer demand against weaker tablet performance defined the company’s product segment results.
Amazon reports surge in cloud revenue
In the broader tech sector, US company Amazon released its results for the second quarter of 2026. The e-commerce and cloud computing giant reported net sales of $200.6 billion, a 20% increase from the previous year. Net profit surged 244.9% year-over-year to reach $62.6 billion.
Year-over-year increase in Amazon's net profit for the second quarter of 2026, reaching $62.6 billion.
Amazon’s earnings per share rose to $5.75, compared to $1.68 in the same quarter a year ago. A major contributor to these results was Amazon Web Services (AWS), which recorded sales of $42.2 billion. This represented a 37% year-over-year increase, marking the highest growth rate for the cloud division in 18 quarters.
Looking ahead, Amazon provided guidance for the current quarter. The company projects net sales for the third quarter of 2026 to fall between $197 billion and $202 billion.