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# Apple Inc. (AAPL) — Current Events Brief ## Filings that contain financial statements Each of the following 8-K filings furnishes an Exhibit 99.1 earnings press release containing Apple's condensed consolidated statements of operations, condensed consolidated balance sheets, and condensed consolidated statements of cash flows for the periods indicated. These are the primary source filings for interim (quarterly) financial statements between 10-K/10-Q filings. - Accession 0000320193-25-000007, filed 2025-01-30 — fiscal Q1 2025, quarter ended December 28, 2024 - Accession 0000320193-25-000055, filed 2025-05-01 — fiscal Q2 2025, quarter ended March 29, 2025 - Accession 0000320193-25-000071, filed 2025-07-31 — fiscal Q3 2025, quarter ended June 28, 2025 - Accession 0000320193-25-000077, filed 2025-10-30 — fiscal Q4 2025 and full fiscal year 2025, quarter/year ended September 27, 2025 - Accession 0000320193-26-000005, filed 2026-01-29 — fiscal Q1 2026, quarter ended December 27, 2025 - Accession 0000320193-26-000011, filed 2026-04-30 — fiscal Q2 2026, quarter ended March 28, 2026 - Accession 0000320193-26-000018, filed 2026-07-30 — fiscal Q3 2026, quarter ended June 27, 2026 ## Earnings and results **Q3 FY2026 (quarter ended June 27, 2026)** — Revenue of $109.4 billion, up 16% year over year, with double-digit growth across iPhone, Mac and Services and in every geographic segment. Company gross margin was 50.1%, including an approximately 2-percentage-point favorable impact from tariff refunds. Diluted EPS was $2.02, up 29% year over year, which included a $0.11 favorable impact from tariff refunds. The board declared a cash dividend of $0.27 per share, payable August 13, 2026. (Accession 0000320193-26-000018, filed 2026-07-30.) **Q2 FY2026 (quarter ended March 28, 2026)** — Revenue of $111.2 billion, up 17% year over year, Apple's best March quarter ever, with double-digit growth across every geographic segment; iPhone set a March-quarter revenue record and Services reached a new all-time high. Diluted EPS was $2.01, up 22% year over year. Operating cash flow exceeded $28 billion, a March-quarter record. The board declared a cash dividend of $0.27 per share, a 4% increase from the prior $0.26 rate, payable May 14, 2026. (Accession 0000320193-26-000011, filed 2026-04-30.) **Q1 FY2026 (quarter ended December 27, 2025)** — Revenue of $143.8 billion, up 16% year over year and above expectations, a company record; iPhone had its best-ever quarter with all-time records in every geographic segment, and Services revenue reached an all-time high, up 14% year over year. The installed base of active devices surpassed 2.5 billion. Diluted EPS was $2.84, up 19% year over year, a new all-time EPS record. Operating cash flow was nearly $54 billion. The board declared a cash dividend of $0.26 per share, payable February 12, 2026. (Accession 0000320193-26-000005, filed 2026-01-29.) **Q4 FY2025 / full fiscal year 2025 (quarter/year ended September 27, 2025)** — Quarterly revenue of $102.5 billion, up 8% year over year, a September-quarter record including a September-quarter record for iPhone and an all-time revenue record for Services. Diluted EPS was $1.85, up 13% year over year on an adjusted basis (the year-ago quarter, fiscal Q4 2024, included a one-time $10.2 billion net income tax charge tied to the reversal of the European General Court's State Aid decision, which is excluded from the adjusted comparison). Full fiscal year 2025 revenue reached a record $416 billion with double-digit EPS growth. The board declared a cash dividend of $0.26 per share, payable November 13, 2025. (Accession 0000320193-25-000077, filed 2025-10-30.) **Q3 FY2025 (quarter ended June 28, 2025)** — Revenue of $94.0 billion, up 10% year over year, a June-quarter record with double-digit growth in iPhone, Mac and Services and growth in every geographic segment. Diluted EPS was $1.57, up 12% year over year. The board declared a cash dividend of $0.26 per share, payable August 14, 2025. (Accession 0000320193-25-000071, filed 2025-07-31.) **Q2 FY2025 (quarter ended March 29, 2025)** — Revenue of $95.4 billion, up 5% year over year, including double-digit growth in Services. Diluted EPS was $1.65, up 8% year over year. Operating cash flow was $24 billion, and the company returned $29 billion to shareholders during the quarter. The board declared a cash dividend of $0.26 per share, a 4% increase from the prior $0.25 rate, payable May 15, 2025. (Accession 0000320193-25-000055, filed 2025-05-01.) **Q1 FY2025 (quarter ended December 28, 2024)** — Revenue of $124.3 billion, up 4% year over year, described by the company as its best quarter ever. Diluted EPS was $2.40, up 10% year over year. The company returned over $30 billion to shareholders during the quarter. The board declared a cash dividend of $0.25 per share, payable February 13, 2025. (Accession 0000320193-25-000007, filed 2025-01-30.) ## Leadership transitions **CEO succession — Tim Cook to Executive Chair; John Ternus to become CEO.** On April 20, 2026, Apple announced that Tim Cook will transition from Chief Executive Officer to Executive Chair of the Board of Directors, effective September 1, 2026. On April 17, 2026, the Board appointed John Ternus, Apple's Senior Vice President of Hardware Engineering, as Chief Executive Officer and a member of the Board, also effective September 1, 2026. Art Levinson, the Board's current Chair, will become Lead Independent Director on the same date. (Accession 0001140361-26-015711, filed 2026-04-20.) **Chief Operating Officer succession.** On July 8, 2025, Apple announced that Jeff Williams would transition out of the Chief Operating Officer role later that month, to be succeeded by Sabih Khan, then Apple's Senior Vice President of Operations, as part of a long-planned succession; Mr. Williams continued reporting to CEO Tim Cook overseeing design, Apple Watch and Health initiatives before his planned retirement later in 2025 (accession 0001140361-25-025275, filed 2025-07-09). The Board formally appointed Mr. Khan as Chief Operating Officer effective July 25, 2025 (accession 0001140361-25-027340, filed 2025-07-25). **General Counsel succession.** On December 4, 2025, Apple announced that Jennifer Newstead will become General Counsel on March 1, 2026, succeeding Katherine (Kate) Adams, who has served as General Counsel since 2017. Ms. Newstead joined Apple as Senior Vice President in January 2026, reporting to CEO Tim Cook. Ms. Adams is remaining at Apple to lead its government affairs organization until her retirement later in 2026. (Accession 0001140361-25-044561, filed 2025-12-05.) **Principal Accounting Officer succession.** Effective January 1, 2026, Apple's Board appointed Ben Borders as Principal Accounting Officer, succeeding Chris Kondo. Mr. Borders joined Apple in November 2010 and previously served as Director of Technical Accounting. (Accession 0001140361-26-000199, filed 2026-01-02.) ## Capital markets activity **Senior notes offering.** On May 12, 2025, Apple completed the issuance and sale of $4.5 billion aggregate principal amount of senior unsecured notes in four tranches: $1.5 billion of 4.000% Notes due 2028, $1.0 billion of 4.200% Notes due 2030, $1.0 billion of 4.500% Notes due 2032, and $1.0 billion of 4.750% Notes due 2035. The notes were issued under Apple's existing shelf registration statement, with interest payable semi-annually each May 12 and November 12. (Accession 0001140361-25-018400, filed 2025-05-12.) ## Governance Apple held its Annual Meeting of Shareholders on February 25, 2025 and again on February 24, 2026. At both meetings, shareholders re-elected the full slate of director nominees, ratified Ernst & Young LLP as independent registered public accounting firm, and approved an advisory (non-binding) resolution on executive compensation; a shareholder proposal on AI data acquisition and usage practices was not approved at the 2025 meeting. (Accessions 0001140361-25-005876, filed 2025-02-25, and 0001140361-26-006577, filed 2026-02-24.) The February 2026 meeting's filing also furnished an amended and restated Non-Employee Director Stock Plan and a related award agreement, adopted by the Board on November 4, 2025 and effective February 24, 2026 — routine equity-plan documentation with no financial impact disclosed.