Apple beats Q3 estimates as Amazon posts record AWS growth
Tech giants report strong quarterly results, though Apple shares dip in after-hours trading amid mixed product performance.
Talivio News · Global2 min read
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Talivio News (AI illüstrasyon)
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.
29.8 billion USD
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.
244.9 %
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.
Updates
Apple reported quarterly revenue of $109.42 billion and net profit of $29.79 billion, with iPhone and Mac sales reaching $54.25 billion and $10.35 billion respectively. Despite these figures, the company issued a revenue growth forecast of 9% to 11% for the current quarter, missing analyst expectations of 12%, while service division revenue also fell short of projections. Meanwhile, Amazon outperformed expectations with $200.6 billion in revenue, bolstered by gains from its investment in Anthropic. In a major leadership transition, Apple announced that longtime executive John Ternus will replace Tim Cook as CEO on September 1, as the company recently reclaimed its position as the world's most valuable listed company.
Apple's quarterly revenue reached $109.42 billion, up from $94.04 billion the previous year, while net profit for the period stood at $29.79 billion. Although services revenue fell below market expectations, iPhone sales hit $54.25 billion and Mac revenue reached $10.35 billion. Additionally, Amazon reported $200.6 billion in revenue, exceeding predictions of $196.47 billion, while Apple's CEO Tim Cook is set to be replaced by John Ternus on 1 September.
Apple reported quarterly revenue of $109.42 billion and net profit of $29.79 billion, with iPhone sales reaching $54.25 billion and Mac revenue totaling $10.35 billion. While Amazon's revenue hit $200.6 billion, surpassing analyst predictions of $196.47 billion, Apple's revenue growth forecast of 9% to 11% fell short of the expected 12%. Additionally, Apple shares experienced a dip of as much as 8% in after-hours trading, and it has been confirmed that CEO Tim Cook will be replaced by hardware executive John Ternus on 1 September.
Apple's quarterly revenue reached $109.42 billion, up from $94.04 billion a year earlier, while net profit for the period stood at $29.79 billion. iPhone sales recorded $54.25 billion and Mac revenue hit $10.35 billion, though the company's revenue forecast of 9% to 11% growth fell short of the expected 12%. Additionally, Apple confirmed that CEO Tim Cook will be replaced by hardware engineering executive John Ternus on 1 September.
Apple's quarterly revenue reached $109.42 billion, up from $94.04 billion a year earlier, with net profit standing at $29.79 billion for the period. While iPhone sales hit $54.25 billion and Mac revenue reached $10.35 billion, the company's services revenue fell below market expectations and its revenue growth forecast of 9% to 11% lagged behind analysts' 12% projection. Additionally, Apple confirmed that CEO Tim Cook will be replaced by hardware executive John Ternus on 1 September.
Apple reported quarterly revenue of $109.42 billion and net profit of $29.79 billion, with iPhone sales reaching $54.25 billion and Mac revenue totaling $10.35 billion. While Amazon's revenue hit $200.6 billion, surpassing predictions of $196.47 billion, Apple's revenue growth forecast of 9% to 11% fell short of the anticipated 12%. Additionally, Apple's shares experienced an 8% drop in after-hours trading, and it has been confirmed that CEO Tim Cook will be replaced by John Ternus on 1 September.
Apple's quarterly revenue reached $109.42 billion, up from $94.04 billion the previous year, with net profit totaling $29.79 billion for the period. While iPhone sales hit $54.25 billion and Mac revenue reached $10.35 billion, the services division's revenue fell below market expectations. Additionally, Apple forecast revenue growth of 9% to 11% for the current quarter, trailing analysts' 12% projections, and CEO Tim Cook is set to be replaced by John Ternus on 1 September.
Apple reported quarterly revenue of $109.42 billion, up from $94.04 billion a year earlier, with net profit reaching $29.79 billion. While Amazon's revenue hit $200.6 billion, surpassing predictions, Apple's shares experienced an 8% drop in after-hours trading before partially recovering. Notably, Apple CEO Tim Cook is set to be replaced by hardware engineering executive John Ternus on 1 September.
Apple's quarterly revenue reached $109.42 billion, up from $94.04 billion a year earlier, while net profit for the period stood at $29.79 billion. The company's services revenue grew 12% to $30.74 billion, falling short of the $31.22 billion Wall Street expectation. Additionally, hardware engineering executive John Ternus is set to succeed Tim Cook as CEO on September 1.
Apple CEO Tim Cook is set to be succeeded by hardware engineering executive John Ternus on September 1. In financial details, Apple's quarterly revenue reached $109.42 billion, while Amazon reported $200.6 billion in revenue, surpassing Wall Street expectations. Additionally, Amazon's AWS revenue growth accelerated to 37% in the second quarter, up from 28% in the first quarter.
Apple CEO Tim Cook is set to be succeeded by hardware engineering executive John Ternus on September 1, marking Cook's final earnings call. Financial details reveal Apple's quarterly revenue reached $109.42 billion and net profit hit $29.79 billion, while Amazon reported $200.6 billion in revenue, exceeding the $196.47 billion predicted by analysts. Amid these results, Apple is facing a global shortage of memory chips and processors, causing price increases for Macs and iPads alongside delivery delays for hardware like the Mac mini.
Apple CEO Tim Cook will be succeeded by hardware engineering executive John Ternus on September 1, marking Cook's final earnings call. Additionally, Apple reported a quarterly revenue of $109.42 billion and a net profit of $29.79 billion, while Amazon's quarterly revenue reached $200.6 billion, surpassing analyst predictions of $196.47 billion. Amazon's net profit for the second quarter surged to $62.6 billion, a significant increase from $18.2 billion in the same quarter last year.
Apple CEO Tim Cook will be succeeded by hardware engineering executive John Ternus on September 1, marking Cook's final earnings call. The company also reported a $109.42 billion quarterly revenue and $29.79 billion in net profit, while Amazon's quarterly revenue reached $200.6 billion, exceeding analyst predictions of $196.47 billion. Additionally, Apple's gross margin hit 50.1%, aided by approximately $2.19 billion in tariff refunds.
Apple has announced that hardware engineering executive John Ternus will succeed Tim Cook as CEO on September 1. During his final earnings call, Cook confirmed the leadership transition, stating he is excited for Ternus to lead the company into its next era.
Apple's quarterly revenue rose 16% to $109.42 billion from $94.04 billion a year earlier, while net income increased to $29.79 billion compared to $23.43 billion in the same period last year. The company's gross margin reached 50.1%, bolstered by approximately $2.19 billion in tariff refunds, though its services revenue of $30.74 billion fell short of the $31.22 billion analyst expectation. Additionally, hardware engineering executive John Ternus is set to succeed Tim Cook as CEO on September 1.
