Apple CEO Tim Cook has confirmed that his latest earnings call marks his final one as CEO. Effective September 1, John Ternus will assume the role of Apple's new CEO and will lead future earnings calls. Cook will transition to the position of executive chairman.

Cook expressed gratitude to shareholders and analysts, stating the transition to Ternus is proceeding "seamlessly." He conveyed strong confidence in Ternus's leadership and the broader Apple team, believing they are well-positioned for a bright future. Cook emphasized his commitment to Apple, planning to serve as executive chairman "for a long time" and continuing to prioritize the company.

Cook's final earnings call as CEO took place today, where he and CFO Kevan Parekh discussed Apple's second-quarter 2026 financial results. Earlier this year, Cook had indicated his intention to remain with Apple in his new capacity for an extended period.