Apple reports higher revenue and GAAP profit, topping Wall Street expectations in calendar Q3 2026

Apple said its results for calendar Q3 2026, which it typically reports as its fiscal fourth quarter, came in above Wall Street expectations for revenue. Market coverage of the company’s quarter reported sales of $114.5 billion, up 11.7% from the same period a year earlier.

Alongside the revenue beat, the report also highlighted Apple’s GAAP profit. It cited GAAP earnings per share of $2.10, described as 5.6% higher on a year-over-year basis. GAAP, or generally accepted accounting principles, is the standard accounting framework Apple uses in financial reporting, rather than non-GAAP “adjusted” figures that companies sometimes emphasize.

The market note attributed the performance framing broadly to Apple’s iPhone and iPad businesses, but it did not provide in the included coverage a detailed product or regional breakdown of what drove the upside. It also did not specify which single estimate line items were exceeded by the largest margins beyond revenue and the per-share metric.

For investors, the immediate takeaway is that Apple’s top-line growth and GAAP profitability both came through at a time when the company’s smartphone and tablet demand remains a key barometer for its broader ecosystem. A revenue beat can matter because it helps offset concerns about consumer electronics demand, pricing pressure, and mix, particularly for hardware-heavy quarters.

Apple did not include additional qualitative commentary in the market summary provided here, such as any specific management guidance on demand trends, operating expense moves, or commentary on services momentum. The newsroom section may include broader company statements around earnings and product cycles, but the included market post alone did not lay out those details.