AAPL
Apple Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Apple Inc..
Coverage
We Said Buffett's Apple Selling Was the Statement. Apple Then Became the Most Valuable Company in the World.
In February we argued that Warren Buffett quietly selling down two-thirds of his Apple stake was itself the argument. Five months later Apple overtook Nvidia to become the most valuable company on earth — and we never wrote the follow-up. Berkshire reports Monday, for the third time under a different CEO, and the number most likely to be misread is its earnings per share.
Apple Q3 FY2026: Tim Cook's Final Quarter as CEO — a Beat That Still Cost Investors Billions
Apple beat on revenue and EPS, grew iPhone sales 22%, and posted its best June quarter ever — then fell more than 6% after hours on weak guidance and Tim Cook's warning about a 'hundred-year flood' in memory chip supply. In his final earnings call as CEO, the real story was what came next, not the quarter itself.
The AI Capex Bet, Six Months In: What the Mag 7 Actually Spent (and What the Market Learned)
Our February call was a $700B AI capex arms race. Six months and a full Q2 earnings season later, actual guidance has blown past that number, free cash flow is cratering at multiple hyperscalers, and the market has started rewarding capex very differently depending on who's spending it. Here's what changed.
Apple Just Posted Its Best Quarter Ever. Buffett Kept Selling.
Apple posted a record $143.7B quarter with 16% revenue growth. Buffett sold another 10.3M shares. The FTC is circling. And the stock is down 8% from its January highs. Something doesn't add up.
The $700B AI Bet: Inside the Mag 7's Record 2026 CapEx Arms Race
The Magnificent Seven are set to spend $700B+ on AI infrastructure in 2026, up 60% from 2025. We break down who's spending what, the supply chain winners, and why the market is spooked.
Apple to allow third-party voice AI in CarPlay
Opening CarPlay to external chatbots with voice control in coming months.
Latest: $109.42B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $64.70B |
| 2020Q4 | $111.44B |
| 2021Q1 | $89.58B |
| 2021Q2 | $81.43B |
| 2021Q3 | $83.36B |
| 2021Q4 | $123.94B |
| 2022Q1 | $97.28B |
| 2022Q2 | $82.96B |
| 2022Q3 | $90.15B |
| 2022Q4 | $117.15B |
| 2023Q1 | $94.84B |
| 2023Q2 | $81.80B |
| 2023Q3 | $89.50B |
| 2023Q4 | $119.58B |
| 2024Q1 | $90.75B |
| 2024Q2 | $85.78B |
| 2024Q3 | $94.93B |
| 2024Q4 | $124.30B |
| 2025Q1 | $95.36B |
| 2025Q2 | $94.04B |
| 2025Q3 | $102.47B |
| 2025Q4 | $143.76B |
| 2026Q1 | $111.18B |
| 2026Q2 | $109.42B |
Latest: $2.02 (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $0.74 |
| 2020Q4 | $1.68 |
| 2021Q1 | $1.40 |
| 2021Q2 | $1.30 |
| 2021Q3 | $1.23 |
| 2021Q4 | $2.10 |
| 2022Q1 | $1.52 |
| 2022Q2 | $1.20 |
| 2022Q3 | $1.29 |
| 2022Q4 | $1.88 |
| 2023Q1 | $1.52 |
| 2023Q2 | $1.26 |
| 2023Q3 | $1.47 |
| 2023Q4 | $2.18 |
| 2024Q1 | $1.53 |
| 2024Q2 | $1.40 |
| 2024Q3 | $0.97 |
| 2024Q4 | $2.40 |
| 2025Q1 | $1.65 |
| 2025Q2 | $1.57 |
| 2025Q3 | $1.84 |
| 2025Q4 | $2.84 |
| 2026Q1 | $2.01 |
| 2026Q2 | $2.02 |
Latest: 30.1 (2026Q1)
| Period | Value |
|---|---|
| 2020Q2 | 26.9 |
| 2020Q3 | 34.5 |
| 2020Q4 | 35.0 |
| 2021Q1 | 26.7 |
| 2021Q2 | 26.2 |
| 2021Q3 | 24.6 |
| 2021Q4 | 28.8 |
| 2022Q1 | 27.8 |
| 2022Q2 | 22.2 |
| 2022Q3 | 22.2 |
| 2022Q4 | 21.7 |
| 2023Q1 | 27.6 |
| 2023Q2 | 32.2 |
| 2023Q3 | 27.7 |
| 2023Q4 | 29.7 |
| 2024Q1 | 26.4 |
| 2024Q2 | 31.8 |
| 2024Q3 | 38.1 |
| 2024Q4 | 39.6 |
| 2025Q1 | 34.5 |
| 2025Q2 | 31.1 |
| 2025Q3 | 34.0 |
| 2025Q4 | 34.6 |
| 2026Q1 | 30.1 |
Latest: $31.91B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $18.79B |
| 2020Q4 | $35.26B |
| 2021Q1 | $21.71B |
| 2021Q2 | $19.00B |
| 2021Q3 | $16.98B |
| 2021Q4 | $44.16B |
| 2022Q1 | $25.65B |
| 2022Q2 | $20.79B |
| 2022Q3 | $20.84B |
| 2022Q4 | $30.22B |
| 2023Q1 | $25.64B |
| 2023Q2 | $28.25B |
| 2023Q3 | $15.48B |
| 2023Q4 | $37.50B |
| 2024Q1 | $20.69B |
| 2024Q2 | $26.71B |
| 2024Q3 | $23.90B |
| 2024Q4 | $27.00B |
| 2025Q1 | $20.88B |
| 2025Q2 | $24.41B |
| 2025Q3 | $26.49B |
| 2025Q4 | $51.55B |
| 2026Q1 | $26.73B |
| 2026Q2 | $31.91B |
Latest: $14,681,140,000.00 (2026Q1)
| Period | Value |
|---|---|
| 2018Q2 | $4,915,138,000.00 |
| 2018Q3 | $4,829,926,000.00 |
| 2019Q1 | $4,715,280,000.00 |
| 2019Q2 | $4,601,075,000.00 |
| 2019Q3 | $4,519,180,000.00 |
| 2020Q1 | $4,375,480,000.00 |
| 2020Q2 | $4,334,335,000.00 |
| 2020Q3 | $4,275,634,000.00 |
| 2021Q1 | $16,788,096,000.00 |
| 2021Q2 | $16,687,631,000.00 |
| 2021Q3 | $16,530,166,000.00 |
| 2022Q1 | $16,319,441,000.00 |
| 2022Q2 | $16,185,181,000.00 |
| 2022Q3 | $16,070,752,000.00 |
| 2023Q1 | $15,821,946,000.00 |
| 2023Q2 | $15,728,702,000.00 |
| 2023Q3 | $15,634,232,000.00 |
| 2024Q1 | $15,441,881,000.00 |
| 2024Q2 | $15,334,082,000.00 |
| 2024Q3 | $15,204,137,000.00 |
| 2025Q1 | $15,022,073,000.00 |
| 2025Q2 | $14,935,826,000.00 |
| 2025Q3 | $14,840,390,000.00 |
| 2026Q1 | $14,681,140,000.00 |
Latest: $1.13T (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $509.88B |
| 2020Q4 | $545.14B |
| 2021Q1 | $566.85B |
| 2021Q2 | $585.85B |
| 2021Q3 | $602.83B |
| 2021Q4 | $646.99B |
| 2022Q1 | $672.64B |
| 2022Q2 | $693.43B |
| 2022Q3 | $714.27B |
| 2022Q4 | $744.49B |
| 2023Q1 | $770.13B |
| 2023Q2 | $798.38B |
| 2023Q3 | $813.86B |
| 2023Q4 | $851.36B |
| 2024Q1 | $872.05B |
| 2024Q2 | $898.76B |
| 2024Q3 | $922.66B |
| 2024Q4 | $949.66B |
| 2025Q1 | $970.54B |
| 2025Q2 | $994.94B |
| 2025Q3 | $1.02T |
| 2025Q4 | $1.07T |
| 2026Q1 | $1.10T |
| 2026Q2 | $1.13T |
Latest results
Company History
Apple Computer Company founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in Los Altos/Cupertino, California, to market the Apple I personal computer kit.
Incorporated as Apple Computer, Inc. in Cupertino; Apple II launched at West Coast Computer Faire, becoming a major success with color graphics and open architecture.
Went public on December 12, 1980, selling 4.6 million shares and generating over $100 million, creating around 300 millionaires.
Introduced as the first mass-market computer with a graphical user interface and mouse; debuted with the iconic
Steve Jobs announced the iPhone and renamed the company to Apple Inc.; revolutionized smartphones with touchscreen interface and app ecosystem.
Apple promised to eliminate coal power from its energy use following Greenpeace protests.
Apple
John Ternus succeeds Tim Cook as Chief Executive Officer on 2026-09-01.
Key Players
showing 6 of 24
The CEO view — 7 podcasts, interviews & articles →
Similar stocks in Mega-Cap Tech
Funds we follow holding AAPL
By latest reported 13F position value. Market value at quarter-end, not cost basis.
