AAPL · 8-K · 20260730PR000018
Inventory and Working Capital Changes
Apple Inc. · 2026-07-30 · Importance 71 · Surprise 82 · No source text
Inventories increased to $11,092 million at June 27, 2026 from $5,718 million at September 27, 2025, an increase well above the $3,336 materiality threshold. Accounts receivable, net declined to $31,398 million from $39,777 million, and vendor non-trade receivables declined to $27,509 million from $33,180 million. In the nine months, changes in operating assets and liabilities included a $5,461 million decrease in inventories (cash effect) and movements in accounts receivable and vendor receivables that together contributed to $116,996 million cash generated by operating activities.
Key facts
- Accounts payable at quarter end: $64,525 million. source
- Total inventories at quarter end: $11,092 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +3.0% | Total inventories at quarter end: $11,092 million. |