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Apple Q3 Beats Forecasts, Tariff Refunds Add $0.11 EPS

7/31/2026

48 9 Full Breakdown

Summary

Story summary

Apple posted Q3 results that beat forecasts, boosted by $0.11 per share from tariff refunds.
Apple’s net sales rose $15 billion to June 27, net income $29.8 billion, EPS $2.02 (up 29 percent) and gross margin 2 percent higher, all from refunds.
Tim Cook said Apple, which paid $3.3 billion in tariffs imposed by U.S. President Donald Trump, will reinvest the refunds into innovation and will not pass them to customers, unlike Costco, UPS and FedEx.

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Story summary

Apple posted Q3 results that beat forecasts, boosted by $0.11 per share from tariff refunds.
Apple’s net sales rose $15 billion to June 27, net income $29.8 billion, EPS $2.02 (up 29 percent) and gross margin 2 percent higher, all from refunds.
Tim Cook said Apple, which paid $3.3 billion in tariffs imposed by U.S. President Donald Trump, will reinvest the refunds into innovation and will not pass them to customers, unlike Costco, UPS and FedEx.