Apple Inc.

Company facts

Industry

Electronic Computers

Headquarters

Cupertino, California

Most recent report

10-Q, filed Jul 31, 2026

Incorporated

California

Filings on record

1,000+ filings

On EDGAR

CIK 320193

Fiscal year ends

September

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 6 of 13 sections worth reading, with 2 positive, 13 notable, and 6 negative flags.

• Financial Statements (Item 1) Core financial results: revenue, profit, cash flow, and key balance sheet items.
  Notable

  • Deferred revenue grew to $14.9B from $13.7B, with 64% expected within one year.
  • One customer was 18% of trade receivables at June 2026 (up from 12% at Sept 2025). Cellular carriers were 27%.
  • Unconditional purchase obligations total $27.6B, mostly supplier/content deals. Largest due in 2027: $7.7B.
• Management's Discussion (Item 2) Detailed segment and product growth, margin expansion, tariff and supply risks, and capital return updates.
  Positive

  • Repurchased $25.8B of stock in Q3 2026; paid $4.0B in dividends, returning $29.8B to shareholders.
  Notable

  • Manufacturing purchase obligations $57.0B as of June 27, 2026, up from $44.6B three months earlier; $56.2B due within 12 months.
  • Fully paid the remaining $8.8B deemed repatriation tax from the 2017 Tax Cuts and Jobs Act during first nine months of 2026.
  Negative

  • Supply constraints and rising costs for advanced semiconductors, NAND, DRAM expected to intensify; may materially hurt revenue and margins.
• Legal Proceedings (Item 1) Multiple high-stakes antitrust cases with potential financial impact at stake.
  Notable

  • Epic Games: Supreme Court granted review of civil contempt standard; Apple seeks stay of district court proceedings.
  • Company settled certain matters in Q3 2026 with no material impact, similar to prior quarter settlement.
  Negative

  • EU fined Apple €500 million (April 2025) and is investigating further; potential fine up to 10% of annual worldwide net sales.
  • DOJ and states filed civil antitrust suit for monopolization in smartphones, seeks equitable relief.
• Risk Factors (Item 1A) New supply constraints risk and regulatory updates (Google, DMA, commission).
  Notable

  • Demand for cloud and AI infrastructure has increased, causing constrained supply, extended lead times, and cost increases.
  • Apple's minority market share in smartphones, PCs, tablets, and wearables may reduce developer interest in its platforms.
  • DMA compliance plan challenged by the European Commission; could lead to fines or further business changes.
  Negative

  • Supply constraints for advanced semiconductors, NAND, DRAM; expects these to intensify.
  • Court order prevents Apple from charging commission on some purchases; if not resolved, commission revenue could be narrowed or eliminated.
  • Google antitrust remedies could end commercial terms for search, potentially cutting a major revenue source.
• Unregistered Sales and Repurchases (Item 2) Massive $138B remaining buyback authorization; $10B ASR and 79.6M shares repurchased.
  Positive

  • New $100B repurchase program doubles authorization to $200B; $138B remaining.
  Notable

  • $10B up-front ASR in May 2026 for shares to be delivered by Q4 2026.
• Other Information (Item 5) CEO and GC entered new 10b5-1 plans with share limits and gift.
  Notable

  • GC Jennifer Newstead entered a 10b5-1 plan to sell up to 24,912 shares plus 90% of vesting shares through March 2027.
  • CEO Tim Cook entered a 10b5-1 plan to sell up to 16,250 shares plus vesting shares and gift 37,104 shares.

What changed: Jun 2026 vs. Mar 2026

About 10% of AAPL's Jun 2026 10-Q is new information. 23 paragraphs were added, 87 changed, and 29 removed. Below are the most important lines SECSift identified.

• Item 2 33
• Item 1 24
• Item 1A 15
• Item 6 7
• Item 5 2
• Item 4 2
• Item 3 1