Apple and Amazon released their quarterly results after Wall Street closed, exceeding both analysts' expectations for revenue and earningsApple posted its best June quarter ever, boosted by growth in the iPhone and Mac, while Amazon benefited from the acceleration of Amazon Web Services and advertising, resulting in a sharp increase in profitability.
Apple: Revenue of $109,42 billion, net profit of $29,79 billion
For the third quarter of its fiscal 2026, which ended June 27, Apple reported revenue of $109,42 billion, up 16% from $94,04 billion in the same period a year earlier. Net income rose to $29,79 billion, from $23,43 billion a year earlier., while diluted earnings per share came in at $2,02, compared to $1,57 a year earlier. This figure exceeded analysts' consensus of $1,89.
Growth was primarily driven by the iPhone, which generated $49,84 billion in revenue, up 18% year-over-year. The Mac division also performed positively, which posted revenue of $9,05 billion, up 17%, while iPad revenue rose 10% to $7,24 billion. The Wearables, Home, and Accessories segment reached $7,40 billion, up 9%, while Services hit a new record of $28,56 billion, up 12% from the same period the previous year.
Earnings per share benefit from the reimbursement of some duties
Geographically, Apple achieved double-digit growth in all major operating regions, although revenue in Greater China fell short of market expectations. Tim Cook called the June quarter "the best in the company's history," highlighting double-digit growth across most product categories and geographic regions. The company also noted that Earnings per share benefited by about 11 cents from the rebate of some U.S. tariffs.
Despite better-than-expected results, Apple stock reacted negatively in the after-market, at one point dropping 7% in after-hours trading. Investors were cautious, especially given the performance of services and China, as well as already very high expectations following the stock's recent rally.
Amazon: Revenues reach $200,6 billion and net profit exceeds $62 billion.
Amazon closed the second quarter of 2026 with revenues of $200,6 billion, up 20% from $167,7 billion in the same period of 2025 and exceeding market expectations. Net income jumped to $62,65 billion, up from $18,16 billion a year earlier., while earnings per share rose to $5,75 from $1,68. The increase in earnings was also supported by a significant unrealized gain on the investment in the artificial intelligence company Anthropic, which significantly impacted net income.
AWS accelerates again
The cloud division Amazon Web Services confirmed that it is the main driver of growth. AWS reported revenue of $42,2 billion, up 37% year-over-year, the fastest growth rate in eighteen quarters, and an operating margin of 39%. Its advertising business also continued to expand, reaching $19,8 billion in revenue, up 26%, while subscription revenue, including Prime, increased 13% to approximately $14 billion.
In the quarter the group sustained $54,2 billion in investments in real estate, facilities and infrastructure, confirming its goal of allocating approximately $200 billion in capital expenditures for the full year 2026, primarily for data centers, cloud capacity, and AI infrastructure. This intense investment activity has kept free cash flow negative by $7,6 billion.
Advertising, Prime and guidance
The advertising business recorded revenues of $19,8 billion, up 26% from the previous year, while Subscription revenues rose 13% approximately $14 billion. Amazon also highlighted that it achieved record delivery times for Prime members, with a roughly 40% increase in same-day and next-day deliveries compared to the previous year. For the third quarter, Amazon forecasts revenues between $197 billion and $202 billion, confirming cautious guidance despite the better-than-expected results.
Unlike Apple, the market reception has been decidedly positive. In after-hours trading, Amazon shares rose about 8%., supported above all by the strong acceleration of AWS, advertising growth and overall results that were better than expected.
