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AAPLApple Inc.
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What changed this quarter· Q3 FY26
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Apple continues to deliver a margin-rich, cash-generative quarter that substantiates management's growth-and-discipline narrative, with an EPS beat, near-50% gross margin, and heavy capital return. The core thesis holds; the incremental caution comes from a sequentially softer Greater China and notable net insider selling, both of which warrant monitoring rather than a change in stance ahead of the orderly September CEO handoff.

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Q2 FY26 Financial Highlights

Full financials →
Revenue$109.42B
+17% YoY
50.1%
iPhone Revenue$57.0B
+22% YoY
Services Revenue$31.0B
+16% YoY
$28.7B
Typical Q2 vs Q1 holiday pattern
Capital Returned$16.4B
$12.6B buybacks + $3.8B dividends

Executive Brief

Apple's Q3 FY26 result reinforces the same fundamentals-backed narrative it has carried through the year: revenue of $109.42B with gross profit of $54.77B and net income of $29.79B, converting to of $2.02. Management's framing on the prior-quarter call emphasized double-digit first-half momentum, a strong iPhone lineup, and record Services, and the reported P&L continues to substantiate that story rather than outrun it. The quarter modestly exceeded Street expectations, with actual EPS of $2.02 against a $1.89 estimate, extending a multi-quarter streak of beats.

  • Revenue was $109.42B with gross profit of $54.77B, a near 50%.

  • reached $35.70B and net income $29.79B.

  • of $2.02 beat the $1.89 consensus estimate.

Cited Figures

Every figure below is taken directly from the company’s XBRL data in the filing named. Follow the accession link to the source document on SEC EDGAR.

Figure / XBRL conceptValueAccession (SEC EDGAR)
Revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$109.42B0000320193-26-000020
Gross profitus-gaap:GrossProfit$54.77B0000320193-26-000020
Operating incomeus-gaap:OperatingIncomeLoss$35.70B0000320193-26-000020
Net incomeus-gaap:NetIncomeLoss$29.79B0000320193-26-000020

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A 0–100 narrative drift score

Management tells a story about the quarter. The statements report what happened. Drift is the distance between the two, scored on every brief, so the quarters where the account and the arithmetic pull apart are the ones you look at first.

Filed data beats typed data

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The rest of it

Everything around the Executive Brief.

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Watchlist · sorted by drift
AAPL
80/100Strong
BA
66/100Moderate
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Who else owns this

The funds and ETFs holding a name you follow, so you can see the company you’re keeping before a position gets crowded.

ETFFund NameAAPL WeightValue Held
VTIVanguard Total Stock Market ETF6.28%$144.47B
VOOVanguard S&P 500 ETF7.04%$119.11B

Filings and news, on one timeline

Every 10-K, 10-Q, 8-K, and Form 4 as it lands, alongside the coverage — so a material event and the market’s reaction to it sit next to each other.

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10-Q filed

SEC EDGAR · 0000320193-26-000020 · Jul 31, 2026

8-K filed

SEC EDGAR · 0000320193-26-000018 · Jul 30, 2026

Consensus and peers, in context

Analyst price targets and rating spread, next to a peer table on the multiples that matter — each one labeled, so a forward P/E never gets read as a trailing one.

Analyst consensus · AAPL

Target

$340.72

vs. $314.58

+8.3%

Range

$245$400

112 ratings

71 Buy · 32 Hold · 9 Sell

71 terms, defined where you meet them

Hover any term of art in a brief and the definition comes to you. No second tab, no assumption that everyone reading already knows what a drift score or an accrual is.

From the Executive Brief

Apple's Q3 FY26 result reinforces the same fundamentals-backed narrative it has carried through the year: revenue of $109.42B with gross profit of $54.77B and net income of $29.79B, converting to diluted EPS of $2.02.

Diluted Earnings Per ShareDiluted EPS

Net Income ÷ Diluted Shares Outstanding. Earnings per share assuming all dilutive securities (options, RSUs, convertible notes) are exercised. The conservative EPS figure most investors anchor on.

The market around the name

Indices, treasuries, and commodities, plus all eleven GICS sectors — the backdrop against which a single company’s quarter is actually judged.

Live demos

See Sentia analyze a market leader and a turnaround story.

Apple’s steady-state market position and Boeing’s multi-year operational recovery — the same framework applied to both, in full: the drift score, the source-cited Executive Brief, analyst consensus, peer context, and the exportable Research Brief. Two names today, expanding.

Drift Score

0–100 narrative consistency

Executive Brief

Source-cited, figures linked

Analyst Consensus

Aggregated targets + ratings

Peer Comparison

Sector context

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Research, not advice.

Sentia Research LLC is a publisher of impersonal financial research. What you read here is analytical opinion drawn from public filings and market data — not investment advice, not a recommendation, and not tailored to any individual’s circumstances. The drift score flags where management’s narrative and the reported numbers diverge; what to do about it is your decision.

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