AAPL · Earnings call · 2026Q2T · Full report

Tariffs and Other Measures

Apple Inc. · 2026-07-30 · Importance 46 · Surprise 42

Apple said tariff refunds favorably affected June-quarter company gross margin by approximately two percentage points and products gross margin by more than 2.5 percentage points. The refunds also contributed $0.11 to diluted earnings per share. Apple plans to reinvest the tariff refunds it has received into the U.S., while its September outlook assumes global tariff rates, policies, and their application remain unchanged; the expected gross-margin benefit from tariff refunds is approximately one percentage point.

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