Apple's third quarter revenue grew 16% to $109.4B, beating estimates on record iPhone, Mac, and Services sales.

Apple reported record third quarter results, with revenue of $109.4 billion, up 16% year-over-year, and diluted earnings per share of $2.02, an increase of 29%. These results were driven by double-digit growth in every geographic segment.

Key Highlights

• iPhone revenue set a June quarter record, growing 22% year-over-year to $54.3 billion, driven by strong demand.
• Mac and Services also set June quarter records, with Mac revenue surging 29% to $10.4 billion and Services revenue growing 12% to $30.7 billion.
• Company gross margin reached 50.1%, which included a favorable impact of approximately 2 percentage points from tariff refunds.
• iPad was the only product category to decline, with revenue falling 6% year-over-year to $6.2 billion.