Apple just closed the book on one era and cracked open another. The company reported fiscal third-quarter 2026 revenue of $109.4 billion on July 30, a 16% jump from the same period a year ago, making it the final earnings report Tim Cook will deliver as chief executive before handing the reins to John Ternus on September 1.
Diluted earnings per share came in at $2.02, up 29% year-over-year.
What drove the numbers
The iPhone carried the quarter, as it almost always does. Revenue from the device climbed to $54.3 billion, a 22% year-over-year increase.
Services kept pace at $30.7 billion, up 12% year-over-year. That segment, which covers the App Store, Apple Music, iCloud, and a growing constellation of subscription products, now generates roughly the equivalent of a Fortune 100 company’s annual revenue every single quarter.
