Tim Cook’s last Apple report card: $109.4 billion quarter and a ‘100-year flood’

Apple’s Q3 2026 results marked Tim Cook’s final earnings call as CEO, with revenue hitting a record $109.4 billion, up 16%. iPhone revenue rose 22% to $54.25 billion and Mac jumped 29% on MacBook Neo demand. Yet Apple stock fell up to 8% after weak September guidance. Cook cited a “100-year flood” on memory prices. John Ternus takes over September 1.