Apple forward-looking statements show up to 17% growth for Q3 2026

There are no signs of Apple slowing down in Q3 2026, as it is likely to see even more year-over-year growth in spite of a tough comparison for iPad.

Apple just had a record-breaking March quarter that brought in $111.2 billion in revenue. It seems that momentum won’t be slowing going into Q3.

Apple Chief Financial Officer Kevan Parekh shared forward-looking statements for Q3 2026 that estimate up to 14% to 17% growth year-over-year. That would mean growth from 2025’s $94 billion up to $110 billion for 2026.

In addition to that growth, Apple expects a gross margin of 47.5% to 48.5%. Operational expenditure is between $18.8 billion and $19.1 billion.

Clearly, Apple is going to ride the successes of its current iPhone and Mac lineup all the way into the fall. The iPhone 17e, MacBook Neo, and other recent products have been selling very well with supply being the only constraint to demand.

Growth in China has also been a big lift for Apple due to continued demand for the iPhone 17 lineup. Apple CEO Tim Cook attributed this to having devices that resonate with people, not necessarily better government relations.

Apple’s YoY growth continues

There’s a chance that Q3 won’t have any new hardware, and that includes the long-expected iPad with A19. Parekh specifically called out that the iPad would have a tough compare in Q3 due to the year-ago release of the iPad with A16.

That’s the closest we’ll get to Apple saying that there won’t be any new iPads without an explicit confirmation.

Services are expected to see similar year-over-year growth. That could be aided in some fashion by the new App Store contract system for annual subscriptions.

The results for Q3 will be revealed at the end of July, which will likely be Cook’s last earnings call. He’s ending on a nice round number of 90 total earnings calls in his career at Apple.