Earnings call briefFiscal third-quarter 2026
Apple expects September-quarter revenue to grow 9% to 11% if tariff rates hold
Apple said it expects gross margin of 47% to 48%, including approximately one percentage point from tariff refunds, under the same tariff assumption.
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Apple said on its fiscal third-quarter call that it expects September-quarter revenue to grow 9% to 11% year over year, assuming global tariff rates and policies remain in effect.
Apple said the same assumption includes that the global macroeconomic outlook does not worsen from July 30, 2026. It also expects iPhone reported growth to be mid-teens year over year.
Quotes from the call
“As a result, we expect our September quarter total company revenue to grow between 9%-11% year-over-year.”
Key facts from the call
- Expected September-quarter revenue growth
- 9% to 11% year over year, if tariff rates and policies remain in effect
- Expected September-quarter gross margin
- 47% to 48%, including approximately one percentage point from tariff refunds, assuming tariff rates and policies remain in effect
- Expected September-quarter operating expenses
- $19.1 billion to $19.4 billion
- Expected September-quarter tax rate
- around 16.5%
Source: Apple's fiscal third-quarter 2026 earnings call, July 30, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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