AAPL · 10-Q · 2026Q2 · Full report
Supply Chain Constraints
Apple Inc. · 2026-07-31 · Importance 60 · Surprise 48 · In source text
Apple is experiencing supply constraints and rising component costs driven by supply-demand imbalances across advanced semiconductors, NAND storage and DRAM memory; the Company expects these trends to intensify and materially negatively impact revenue, costs and gross margin. Management notes that actions such as device price increases may not mitigate these impacts and could reduce consumer demand. Memory and other component cost inflation are specifically cited as partially offsetting products gross margin improvements this quarter.
Key facts
- Other purchase obligations: $29.3 billion as of June 27, 2026, with $9.2 billion payable within 12 months. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | -6.5% | Other purchase obligations: $29.3 billion as of June 27, 2026, with $9.2 billion payable within 12 months. |