Tim Cook will step up to the mic on July 30 for Apple’s Q3 FY2026 earnings call. It will be the last time he does so as CEO.
The man who turned Apple into the most valuable company on the planet is transitioning to executive chairman, handing the top job to hardware chief John Ternus on September 1.
What’s actually happening
Apple announced the leadership change on April 20, and the July 30 earnings call, scheduled for 2:00 p.m. PT, will serve as Cook’s farewell performance in the CEO chair. Ternus, who currently runs hardware engineering, takes over formally on September 1.
Apple posted $111.2 billion in revenue for Q2 FY2026, which Cook called the “best March quarter ever.” Double-digit growth showed up across every geographic segment. Demand for the iPhone 17 lineup has been, in Cook’s words, “extraordinary.”
