Apple Q3 Results: Revenue Up 9.6% YoY, Mid-to-High Single-Digit Guidance for Q4

Apple reported a 9.6% YoY increase in revenue to $94.04 billion in Q3, driven by double-digit growth in iPhone, Mac, and Services. The company expects a mid-to-high single-digit revenue increase in Q4, surpassing expectations. Despite facing lower-than-expected tariff costs, Apple's Q4 guidance was better than feared. The active installed iPhone base reached an all-time high, and the Mac installed base also hit a record.

Apple Inc. (AAPL) reported a robust third-quarter fiscal 2025, with revenue growing 9.6% year-over-year (YoY) to $94.04 billion, surpassing analyst expectations. The company's earnings per share (EPS) also beat estimates, rising 12.1% to $1.57 [1].

The quarter was driven by double-digit growth in iPhone, Mac, and Services revenues. iPhone sales increased 13.5% YoY to $44.58 billion, while Mac sales grew 14.8% to $8.05 billion. Services revenues surged 13.3% to $27.42 billion, accounting for 29.2% of total sales [1].

Apple expects a mid-to-high single-digit revenue increase in Q4, despite lower-than-expected tariff costs. The company's gross margin is expected to be 46-47% in the fourth quarter, with operating expenses projected to be between $15.6 billion and $15.8 billion [1].

The active installed iPhone base reached an all-time high, while the Mac installed base also hit a record. Apple's strong performance in Q3 was reflected in its stock price, with shares up almost 2% in pre-market trading following the results [1].

References:
[1] https://www.nasdaq.com/articles/apple-q3-earnings-beat-estimates-services-drive-top-line-growth
[2] https://www.apple.com/newsroom/2025/07/apple-reports-third-quarter-results/
[3] https://tidbits.com/2025/08/01/apple-reports-record-breaking-q3-2025-results/