Apple reports its third fiscal quarter 2026 earnings today, with the stock having surged to record highs in the days leading up to the announcement, briefly touching a $5 trillion market capitalization on July 28 for only the second time in corporate history.
The company’s earnings call is scheduled for 2 p.m. Pacific time (5 p.m. Eastern), according to Apple’s investor relations website. Wall Street analysts expect the iPhone maker to report earnings per share of $1.89 on revenue of approximately $108.8 billion to $109 billion, according to Investopedia and Yahoo Finance.
Apple stock has climbed roughly 24 to 25 percent year-to-date in 2026, significantly outperforming broader market indices. The stock reached an intraday high of $342.89 on Tuesday, July 28, pushing the company’s market value above $5 trillion, according to Reuters, Bloomberg, and CNBC. Apple became only the second publicly traded company to reach that milestone, following Nvidia’s earlier achievement.
Analyst upgrades and optimism around Apple’s artificial intelligence strategy have fueled much of the recent momentum. Multiple sources, including Bank of America and Evercore, cited the company’s AI roadmap and upgrades to Siri as drivers of investor confidence. In June, Apple announced at its Worldwide Developers Conference that it would integrate AI features more deeply across its ecosystem, including partnerships with Alphabet and other AI leaders, according to reporting on the company’s WWDC 2026 presentation.
The earnings announcement comes as Apple secured China approval for AI features earlier in July, which also boosted investor sentiment. The company has faced some investor concerns about the pace of AI rollouts, but recent analyst commentary suggests confidence in the company’s ability to monetize its AI investments sooner than previously expected.
Previous earnings results show Apple’s track record of beating expectations. In its April 2026 earnings report, the company posted quarterly revenue of $111.2 billion, up 17 percent year over year, with diluted earnings per share of $2.01, up 22 percent, according to Apple’s official newsroom. That beat drove a stock rally at the time.
Today’s earnings report will provide investors with detailed guidance on the June quarter and insights into consumer demand for iPhones and other products heading into the crucial fall selling season. The market has priced in strong performance, with the stock already near record levels ahead of the announcement.
Sources
- Apple Investor Relations — Q3 2026 earnings call timing and date confirmation
- Reuters — Apple briefly touches $5 trillion market cap on July 28, 2026
- Bloomberg — Apple hits $5 trillion market value, becoming second company to reach milestone
- CNBC — Apple touches $5 trillion market cap for first time
- Investopedia — Apple Q3 2026 earnings expectations ($1.89 EPS, $103.2 billion revenue guidance, 15% YoY growth)
- Yahoo Finance — Apple stock up roughly 24% year to date; Q3 earnings expectations
- Apple Newsroom — Q2 2026 earnings results ($111.2 billion revenue, $2.01 EPS)
- Benzinga — Q3 2026 analyst expectations and stock performance context
