
| California | 001-36743 | 94-2404110 | ||||||||||||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
||||||||||||
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
||||
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
||||
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
||||
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
||||
Title of each class |
Trading symbol(s) | Name of each exchange on which registered | ||||||
| Common Stock, $0.00001 par value per share | AAPL | The Nasdaq Stock Market LLC | ||||||
| 1.625% Notes due 2026 | — | The Nasdaq Stock Market LLC | ||||||
| 2.000% Notes due 2027 | — | The Nasdaq Stock Market LLC | ||||||
| 1.375% Notes due 2029 | — | The Nasdaq Stock Market LLC | ||||||
| 3.050% Notes due 2029 | — | The Nasdaq Stock Market LLC | ||||||
| 0.500% Notes due 2031 | — | The Nasdaq Stock Market LLC | ||||||
| 3.600% Notes due 2042 | — | The Nasdaq Stock Market LLC | ||||||
| Exhibit Number |
Exhibit Description | |||||||
| 99.1 | ||||||||
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K. | |||||||
| Date: | April 30, 2026 | Apple Inc. | |||||||||||||||
| By: | /s/ Kevan Parekh | ||||||||||||||||
| Kevan Parekh | |||||||||||||||||
| Senior Vice President, Chief Financial Officer |
|||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||
| March 28, 2026 |
March 29, 2025 |
March 28, 2026 |
March 29, 2025 |
||||||||||||||||||||
| Net sales: | |||||||||||||||||||||||
| Products | $ | 80,208 | $ | 68,714 | $ | 193,951 | $ | 166,674 | |||||||||||||||
| Services | 30,976 | 26,645 | 60,989 | 52,985 | |||||||||||||||||||
Total net sales (1) |
111,184 | 95,359 | 254,940 | 219,659 | |||||||||||||||||||
| Cost of sales: | |||||||||||||||||||||||
| Products | 49,179 | 44,030 | 116,657 | 103,477 | |||||||||||||||||||
| Services | 7,224 | 6,462 | 14,271 | 13,040 | |||||||||||||||||||
| Total cost of sales | 56,403 | 50,492 | 130,928 | 116,517 | |||||||||||||||||||
| Gross margin | 54,781 | 44,867 | 124,012 | 103,142 | |||||||||||||||||||
Operating expenses: |
|||||||||||||||||||||||
Research and development |
11,419 | 8,550 | 22,306 | 16,818 | |||||||||||||||||||
Selling, general and administrative |
7,477 | 6,728 | 14,969 | 13,903 | |||||||||||||||||||
Total operating expenses |
18,896 | 15,278 | 37,275 | 30,721 | |||||||||||||||||||
Operating income |
35,885 | 29,589 | 86,737 | 72,421 | |||||||||||||||||||
Other income/(expense), net |
(52) | (279) | 98 | (527) | |||||||||||||||||||
Income before provision for income taxes |
35,833 | 29,310 | 86,835 | 71,894 | |||||||||||||||||||
Provision for income taxes |
6,255 | 4,530 | 15,160 | 10,784 | |||||||||||||||||||
Net income |
$ | 29,578 | $ | 24,780 | $ | 71,675 | $ | 61,110 | |||||||||||||||
Earnings per share: |
|||||||||||||||||||||||
Basic |
$ | 2.02 | $ | 1.65 | $ | 4.87 | $ | 4.06 | |||||||||||||||
Diluted |
$ | 2.01 | $ | 1.65 | $ | 4.85 | $ | 4.05 | |||||||||||||||
Shares used in computing earnings per share: |
|||||||||||||||||||||||
Basic |
14,673,278 | 14,994,082 | 14,710,718 | 15,037,903 | |||||||||||||||||||
Diluted |
14,725,873 | 15,056,133 | 14,768,115 | 15,103,499 | |||||||||||||||||||
(1) Net sales by reportable segment: |
|||||||||||||||||||||||
Americas |
$ | 45,093 | $ | 40,315 | $ | 103,622 | $ | 92,963 | |||||||||||||||
Europe |
28,055 | 24,454 | 66,201 | 58,315 | |||||||||||||||||||
Greater China |
20,497 | 16,002 | 46,023 | 34,515 | |||||||||||||||||||
Japan |
8,401 | 7,298 | 17,814 | 16,285 | |||||||||||||||||||
Rest of Asia Pacific |
9,138 | 7,290 | 21,280 | 17,581 | |||||||||||||||||||
Total net sales |
$ | 111,184 | $ | 95,359 | $ | 254,940 | $ | 219,659 | |||||||||||||||
(1) Net sales by category: |
|||||||||||||||||||||||
iPhone |
$ | 56,994 | $ | 46,841 | $ | 142,263 | $ | 115,979 | |||||||||||||||
Mac |
8,399 | 7,949 | 16,785 | 16,936 | |||||||||||||||||||
iPad |
6,914 | 6,402 | 15,509 | 14,490 | |||||||||||||||||||
Wearables, Home and Accessories |
7,901 | 7,522 | 19,394 | 19,269 | |||||||||||||||||||
Services |
30,976 | 26,645 | 60,989 | 52,985 | |||||||||||||||||||
Total net sales |
$ | 111,184 | $ | 95,359 | $ | 254,940 | $ | 219,659 | |||||||||||||||
| March 28, 2026 |
September 27, 2025 |
||||||||||
| ASSETS: | |||||||||||
Current assets: |
|||||||||||
Cash and cash equivalents |
$ | 45,572 | $ | 35,934 | |||||||
Marketable securities |
22,935 | 18,763 | |||||||||
Accounts receivable, net |
30,339 | 39,777 | |||||||||
Vendor non-trade receivables |
23,172 | 33,180 | |||||||||
Inventories |
6,747 | 5,718 | |||||||||
Other current assets |
15,349 | 14,585 | |||||||||
Total current assets |
144,114 | 147,957 | |||||||||
Non-current assets: |
|||||||||||
Marketable securities |
78,088 | 77,723 | |||||||||
Property, plant and equipment, net |
50,116 | 49,834 | |||||||||
| Intangible assets, net | 21,334 | 11,093 | |||||||||
Other non-current assets |
77,430 | 72,634 | |||||||||
Total non-current assets |
226,968 | 211,284 | |||||||||
Total assets |
$ | 371,082 | $ | 359,241 | |||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY: | |||||||||||
Current liabilities: |
|||||||||||
Accounts payable |
$ | 57,349 | $ | 69,860 | |||||||
Other current liabilities |
57,654 | 66,387 | |||||||||
Deferred revenue |
9,331 | 9,055 | |||||||||
Commercial paper |
1,997 | 7,979 | |||||||||
Term debt |
8,310 | 12,350 | |||||||||
Total current liabilities |
134,641 | 165,631 | |||||||||
Non-current liabilities: |
|||||||||||
Term debt |
74,404 | 78,328 | |||||||||
Other non-current liabilities |
55,546 | 41,549 | |||||||||
Total non-current liabilities |
129,950 | 119,877 | |||||||||
Total liabilities |
264,591 | 285,508 | |||||||||
Commitments and contingencies |
|||||||||||
Shareholders’ equity: |
|||||||||||
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 14,667,688 and 14,773,260 shares issued and outstanding, respectively |
99,507 | 93,568 | |||||||||
| Retained earnings/(Accumulated deficit) | 12,359 | (14,264) | |||||||||
| Accumulated other comprehensive loss | (5,375) | (5,571) | |||||||||
Total shareholders’ equity |
106,491 | 73,733 | |||||||||
Total liabilities and shareholders’ equity |
$ | 371,082 | $ | 359,241 | |||||||
| Six Months Ended | |||||||||||
| March 28, 2026 |
March 29, 2025 |
||||||||||
| Cash, cash equivalents, and restricted cash and cash equivalents, beginning balances | $ | 35,934 | $ | 29,943 | |||||||
| Operating activities: | |||||||||||
| Net income | 71,675 | 61,110 | |||||||||
| Adjustments to reconcile net income to cash generated by operating activities: | |||||||||||
| Depreciation and amortization | 6,653 | 5,741 | |||||||||
| Share-based compensation expense | 7,122 | 6,512 | |||||||||
| Other | (1,717) | (2,217) | |||||||||
| Changes in operating assets and liabilities: | |||||||||||
| Accounts receivable, net | 9,295 | 7,266 | |||||||||
| Vendor non-trade receivables | 10,008 | 9,171 | |||||||||
| Inventories | (1,084) | 858 | |||||||||
| Other current and non-current assets | (14,329) | (4,371) | |||||||||
| Accounts payable | (12,297) | (14,604) | |||||||||
| Other current and non-current liabilities | 7,301 | (15,579) | |||||||||
| Cash generated by operating activities | 82,627 | 53,887 | |||||||||
| Investing activities: | |||||||||||
| Purchases of marketable securities | (32,432) | (12,442) | |||||||||
| Proceeds from maturities of marketable securities | 18,691 | 26,587 | |||||||||
| Proceeds from sales of marketable securities | 8,615 | 5,210 | |||||||||
| Payments for acquisition of property, plant and equipment | (4,344) | (6,011) | |||||||||
| Other | (1,584) | (635) | |||||||||
| Cash generated by/(used in) investing activities | (11,054) | 12,709 | |||||||||
| Financing activities: | |||||||||||
| Payments for taxes related to net share settlement of equity awards | (3,252) | (3,205) | |||||||||
| Payments for dividends and dividend equivalents | (7,743) | (7,614) | |||||||||
| Repurchases of common stock | (36,989) | (49,504) | |||||||||
| Repayments of term debt | (7,914) | (4,009) | |||||||||
| Repayments of commercial paper, net | (5,911) | (3,968) | |||||||||
| Other | (126) | (77) | |||||||||
| Cash used in financing activities | (61,935) | (68,377) | |||||||||
| Increase/(Decrease) in cash, cash equivalents, and restricted cash and cash equivalents | 9,638 | (1,781) | |||||||||
| Cash, cash equivalents, and restricted cash and cash equivalents, ending balances | $ | 45,572 | $ | 28,162 | |||||||
| Supplemental cash flow disclosure: | |||||||||||
| Cash paid for income taxes, net | $ | 20,397 | $ | 31,683 | |||||||