Apple to Announce Q3 2016 Earnings on July 26

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Apple this evening updated its investor relations page to note that the earnings announcement for the third fiscal quarter (second calendar quarter) of 2016 will take place on Tuesday, July 26.

In Q2 2016, Apple saw its first year-over-year revenue decline since 2003 along with its first ever drop in iPhone sales, and that downward trend is expected to continue into the third quarter of the year.

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During its last earnings call, Apple's guidance included expected Q3 2016 revenue of $41 to $43 billion and gross margin between 37.5 and 38 percent.

The quarterly earnings statement will be released at 1:30 PM Pacific/4:30 PM Eastern, with a conference call to discuss the report taking place at 2:00 PM Pacific/5:00 PM Eastern. MacRumors will provide coverage of both the earnings release and conference call on July 26.

Top Rated Comments

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54 months ago
"Dude, let's dump Apple. They only sold a billion phones this quarter. Psh. I was expecting 10 billion."

"Yeah, dude. They're doomed."
Score: 4 Votes (Like | Disagree)
Avatar
54 months ago
Spoiler alert: It drops again

But hey, we at Apple can always look like we're perfect by showing the wonderful iOS 10 adoption rate of 99.9% :) (but of course we won't mention how we shoved the updates down your throat)
Score: 2 Votes (Like | Disagree)
Avatar
54 months ago
Maybe they think having all that money in their pocket will forget about dropped stock.
Score: 1 Votes (Like | Disagree)
Avatar
54 months ago

"Dude, let's dump Apple. They only sold a billion phones this quarter. Psh. I was expecting 10 billion."

"Yeah, dude. They're doomed."

You oughtta short sell if you think that's going to happen. Free money. I'm considering doing it myself.
Score: 1 Votes (Like | Disagree)
Avatar
54 months ago
Even a "bad" quarter for Apple is still better than any other tech company on the planet. If they go 7 consecutive quarters of decline (like Samsung) then let's talk about how badly Apple is doing.
Score: 1 Votes (Like | Disagree)
Avatar
54 months ago
Considering until this week the iPhone SE had a 2 to 3 week delivery time from from order, they might have strong iPhone sales for this quarter. as it will include ALL iPhone SE sales to date.
Score: 1 Votes (Like | Disagree)

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