Apple’s $94B Q3 soundly beats Wall Street thanks to iPhone
In what is the last quarter where Apple will only take a minimal hit from grossly increased tariffs, the company posted $94 billion in earnings with a notably better-than-expected iPhone, growth in China, and strong Mac business segments.
Apple has published its quarterly financial results for Q3 2025, and it has beaten expectations once again. The quietest quarter in Apple’s seasonally-affected financials schedule, the period is considerably better than first thought.
The results arrive ahead of the traditional conference call with analysts and investors, which is hosted by CEO Tim Cook and new CFO Kevan Parekh. During the call, the duo will discuss more details about the figures, as well as the impact of tariff changes against the business.
Apple quarterly revenue and net profit as of Q3 2025
For the second quarter, Apple’s revenue reached $94.04 billion, up from the $85.78 billion reported in Q3 2024. The earnings per share of $1.57 is also up from the year-ago $1.40.
In pre-financials forecasts, the Wall Street consensus put revenue at around $89.1 billion, with a range between $92.1 as a high and $86.9 as a low. The EPS forecast was at $1.43, with a high of $1.54 and a low of $1.32.
Apple’s unit revenue, as per Q3 2025
For the period, iPhone went from $39.3 billion in the year-ago quarter to $44.58 billion this time. Revenue from iPad at $6.58 billion is down from the $7.16 billion reported in Q3 2024.
Mac revenue grew from $7.01 billion to $8.05 billion. Wearables, Home, and Accessories moved from $8.09 billion last year to $7.4 billion this year.
Services continued its ever-ongoing upward growth trend, shifting from $24.2 billion for Q3 2024 to $27.4 billion for Q3 2025.
“Today Apple is proud to report a June quarter revenue record with double-digit growth in iPhone, Mac and Services and growth around the world, in every geographic segment,” said Tim Cook.
Kevan Parekh said Apple is “very pleased” with its business performance for the June quarter, which generated earnings per share growth of 12%.
Apple’s quarterly iPhone revenue, as of Q3 2025
Apple’s install base of devices has also reached a new all-time high across all product categories and geographic segments. However, while Parekh doesn’t state how much this is in the prepared statement, it may come up during the call with analysts.
Parekh does attribute this effect to “very high levels of customer satisfaction and loyalty.”
Apple’s board of directors has declared a cash dividend of $0.26 per share of the Company’s common stock.