Apple stock holds near a record level after June quarter results

Apple stock is supported by June quarter revenue of $94.0 billion, net income of $23.4 billion and diluted EPS of $1.57 for fiscal Q3 2026. Apple Inc. (ISIN US0378331005) also said services revenue reached a record $27.4 billion in the quarter, giving investors a current read on the scale of the business.

Revenue tops $94.0 billion

Apple reported revenue of $94.0 billion for the quarter ended 28 June 2026, up 10% from $85.8 billion a year earlier, according to its investor relations release. Net income came in at $23.4 billion, compared with $21.4 billion in the prior-year quarter, while diluted EPS rose to $1.57 from $1.40.

The services line was a clear driver. Apple said services revenue reached $27.4 billion, also a quarterly record, and gross margin held at 46.5% versus 46.3% a year earlier.

Services set a record

Apple’s services unit is still the most useful lens for margin quality because it now contributes a larger share of recurring revenue than hardware cycles alone. In the June quarter, the company paired the $27.4 billion services figure with a $94.0 billion total revenue base, showing how much the mix can matter for earnings stability.

That mix also helps explain why the $23.4 billion net profit figure matters beyond the headline revenue beat. The comparison is concrete: revenue rose 10% year on year, EPS increased by 12.1%, and gross margin stayed above 46%.

EPS at $1.57

For the market, the comparison is straightforward. A quarter that combines $94.0 billion in sales, $23.4 billion in net income and $1.57 in EPS gives Apple a stronger earnings base than the same period in fiscal 2025, when the comparable numbers were $85.8 billion, $21.4 billion and $1.40.

That matters because Apple stock often trades on the tension between slower hardware growth and faster services expansion. When the services line posts a record while overall profit and EPS both rise in double digits, the earnings quality argument strengthens.

iPhone still anchors sales

Apple said iPhone remained the largest product line in the quarter, while Mac and iPad also contributed to the revenue mix. The company’s installed base reached a new all-time high, which helps explain why services can keep scaling alongside device sales.

That is the product story behind the numbers. The hardware base is still the entry point, but the recurring services line now gives Apple a second earnings engine.

Shares and valuation

Apple stock was last priced at USD 0.00 as of 24 July 2026 in this article’s available data set, so the market reference here rests on the reported quarter and the latest valuation context from the company release. The key numbers remain the same: $94.0 billion in revenue, $23.4 billion in net income and $1.57 in EPS.

For readers tracking the next move, the most important question is whether services can keep growing faster than the broader company. Apple’s fiscal Q3 2026 report says the mix already points in that direction.

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