Apple posted record profit but warned of component shortages

Apple wrapped up the third quarter of its 2026 fiscal year with record June-quarter revenue and profit, but warned of worsening component shortages for iPhones, Macs, and iPads.

For the quarter ended June 27, the company's revenue rose 16% year-on-year to $109.417 billion. Net profit increased 27%, from $23.434 billion to $29.789 billion.

Diluted earnings per share were $2.02, 29% higher than a year earlier. Apple called this quarter the strongest June quarter in its history.

Sales of Mac computers grew the most, by 28.7%, to $10.352 billion. iPhone revenue increased by 21.7% to $54.252 billion, and the services segment's revenue rose 12.1% to a record $30.739 billion.

Meanwhile, iPad sales fell nearly 6% to $6.191 billion. The wearables, home, and accessories category brought in $7.883 billion, up 6.5% from the same quarter in 2025.

Apple's gross margin reached 50.1%. The company explained that roughly two percentage points of that figure came from the return of previously paid tariffs. This lifted earnings per share by about $0.11.

Despite the strong results, Apple CEO Tim Cook warned that supply constraints could significantly worsen in the current quarter. In the previous period, shortages most affected Mac deliveries, and to a lesser extent iPhone and iPad.

According to Cook, the company has less ability to quickly adjust supply chains than usual. It is expected that component shortages will further impact all three major product lines—iPhone, Mac, and iPad—simultaneously.

Apple also announced a quarterly dividend of $0.27 per share. The payment is scheduled for August 13, 2026, for shareholders of record as of the close of trading on August 10.

Sources: Apple, Apple financial statements, Associated Press