Apple projects a record‑breaking fiscal Q3 2026, estimating revenue of up to $110 billion—a jump of 14‑17% from 2025’s $94 billion. Chief financial officer Kevan Parekh cited strong demand for the iPhone 17 lineup and continued Mac sales as the main drivers. The March quarter already topped $111 billion, setting a high bar for the fall ahead of the earnings call, which will detail margins.

Despite a tough year‑over‑year comparison for the iPad, Apple foresees a gross margin of 47.5‑48.5% and operating expenses around $18.8‑$19.1 billion. Growth in China, driven by iPhone 17 sales, and incremental service revenue—bolstered by a new App Store subscription model—help cushion the impact of a potential lack of new iPad hardware in Q3 for consumers, this translates into stability across flagship devices.

Services are projected to grow year‑over‑year similarly, aided by the App Store contract shift toward annual subscriptions. With no new iPad expected this quarter, Apple leans on its robust iPhone 17e, MacBook Neo, and other high‑performing products to sustain momentum. The Q3 earnings will be released at the end of July, marking Tim Cook’s 90th and final Apple earnings call for shareholders.