Apple
Builds iPhone-led devices and services around an integrated hardware-software ecosystem.
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Profile
Designs iPhone, Mac, iPad, Apple Watch, AirPods, Vision Pro, operating systems, and services spanning the App Store, iCloud, payments, support, music, and video. iPhone supplies most revenue, while integrated hardware, software, and services support repeat purchases and recurring revenue; production depends on a global network of suppliers and manufacturers.
Designs iPhone smartphones, Mac computers, iPad tablets, Apple Watch, AirPods, Vision Pro, and accessories. Related services span the App Store, iCloud, AppleCare, advertising, Apple Pay, and subscriptions including Apple Music and Apple TV. Revenue reaches consumers, businesses, schools, and governments through direct stores, carriers, and resellers across the Americas, Europe, Greater China, Japan, and the rest of Asia Pacific.
Controls most of the product stack, from hardware and operating systems to applications and services, while third-party developers and accessories broaden the ecosystem. The iPhone remains the largest product category, with Services second, linking device demand to subscription, licensing, transaction, support, and advertising revenue.
Production relies on a complex global supply chain, including single- or limited-source components and manufacturing sites concentrated outside the United States. App distribution, payments, licensing, and platform rules also operate under changing competition and privacy regulation.
Company facts
Key statistics
Year to date +17.9% · Average volume (30d) 47.5M
Analysts
Ratings
Consensus mix by month
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 21, 2026 | BMO Capital | Initiate | Outperform | |||
| Aug 17, 2026 | BTIG | Initiate | Neutral | |||
| Aug 17, 2026 | Seaport Global | Downgrade | Buy | Neutral | ||
| Aug 17, 2026 | Deutsche Bank | Downgrade | Buy | Hold | ||
| Aug 17, 2026 | Piper Sandler | Initiate | Overweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q3 FY26 | $1.89 | $2.02 | +6.9% | $109.04B | $109.42B | +0.3% | −7.35% |
| Apr 30, 2026Q2 FY26 | $1.95 | $2.01 | +3.1% | $109.46B | $111.18B | +1.6% | +3.24% |
| Jan 29, 2026Q1 FY26 | $2.67 | $2.85 | +6.7% | $138.39B | $143.76B | +3.9% | +0.46% |
| Oct 30, 2025Q4 FY25 | $1.73 | $1.85 | +6.9% | $102.23B | $102.47B | +0.2% | −0.38% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $95.36B | $94.04B | $102.47B | $143.76B | $111.18B | $109.42B | |
| Gross profit | $44.87B | $43.72B | $48.34B | $69.23B | $54.78B | $54.77B | |
| Operating income | $29.59B | $28.20B | $32.43B | $50.85B | $35.89B | $35.70B | |
| Net income | $24.78B | $23.43B | $27.47B | $42.10B | $29.58B | $29.79B | |
| Diluted EPS | $1.65 | $1.57 | $1.85 | $2.84 | $2.01 | $2.03 | |
| Gross margin | 47.1% | 46.5% | 47.2% | 48.2% | 49.3% | 50.1% | |
| Operating margin | 31.0% | 30.0% | 31.6% | 35.4% | 32.3% | 32.6% |
Fiscal years (4-quarter sums)FY21 $365.82B · FY22 $394.33B · FY23 $383.29B · FY24 $391.04B · FY25 $416.16B
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, Jun 27, 2026Cash & short-term investments $62.40B · Total debt $84.31B · Total assets $383.27B · Shareholders' equity $107.52B
Dividends
Raised for 13 straight years — most recently to $0.27 from $0.26 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Aug 13 | $0.27 | |
| May 11, 2026 | May 11 | May 14 | $0.27 | raised from $0.26 |
| Feb 9, 2026 | Feb 9 | Feb 12 | $0.26 | |
| Nov 10, 2025 | Nov 10 | Nov 13 | $0.26 | |
| Aug 11, 2025 | Aug 11 | Aug 14 | $0.26 | |
| May 12, 2025 | May 12 | May 15 | $0.26 | raised from $0.25 |
| Feb 10, 2025 | Feb 10 | Feb 13 | $0.25 | |
| Nov 8, 2024 | Nov 11 | Nov 14 | $0.25 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 14.69B · Float 14.67B · 99.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.16B | 7.92% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 959.11M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 615.13M | 4.19% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 371.34M | 2.53% | 13F | Aug 12, 2026 |
| Vanguard Portfolio Management LLC | 334.12M | 2.27% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Jennifer Newstead | officer: SVP, GC and Secretary | −1,439 | $310.95 |
| Aug 18, 2026 | Jennifer Newstead | officer: SVP, GC and Secretary | −1,439 | $307.49 |
| Aug 11, 2026 | Jennifer Newstead | officer: SVP, GC and Secretary | −1,439 | $307.75 |
| Jun 16, 2026 | Ben Borders | officer: Principal Accounting Officer | −116 | $295.14 |
| May 27, 2026 | Arthur D. Levinson | director | −50,000 | $311.02 |
Business
Apple designs premium consumer hardware — the iPhone above all — and sells a widening set of services into the installed base those devices create. Half of revenue is the iPhone; a quarter is Services, the part that grows fastest and earns twice the gross margin of the hardware.
By product
By segment
Shares of FY2025 revenue ($416.2B) and change on FY2024, from Apple's 10-K.
Peers
- Alphabet Class A
Android OS, Pixel hardware, and Google Play rival iOS, iPhone, and App Store.
- Microsoft
Contests Mac/iPad in PC OS, productivity SaaS, and on-device AI.
- Amazon
Prime Video, Echo, and Alexa rival Apple TV+, Apple Music, and HomePod.
- Spotify
World's largest music streaming platform competes directly with Apple Music.
- Netflix
301.6M-subscriber video platform competes with Apple TV+ for streaming share.
- Qualcomm
Snapdragon powers Android rivals; Apple's C1 modem displaces Qualcomm chips.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Apple | $320.07 | +0.15% | $4.70T | 36.6 | 34.7 | 10.1 | +16.4% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Spotify | $546.54 | −0.13% | $112.56B | 38.7 | 38.5 | 5.2 | +10.5% |
| Netflix | $81.62 | −0.12% | $340.28B | 25.7 | 23.6 | 7.0 | +13.4% |
| Qualcomm | $164.28 | +0.07% | $172.40B | 18.7 | 17.7 | 3.9 | −4.0% |
| Median | 23.6 | 26.0 | 6.1 | +15.6% |









