Quick Read – AAPL’s beat leaned on one-time tariff refunds worth $0.11 EPS, while AMZN’s AWS grew 37%, its fastest pace in 18 quarters. – Amazon surged 11.7% after earnings while Apple fell 1.4%, as Wall Street rewarded clean cloud growth over a tariff-padded hardware beat. -…
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Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) both delivered record June quarters after the bell on July 30, 2026. Two mega-cap giants beat estimates on the same night, yet the market cheered one and shrugged at the other. The businesses behind those tickers tell very different stories about where growth comes from in 2026. iPhones and Tariff Refunds Carried Apple.
AWS Carried Amazon. Apple posted $109.417 billion in revenue, up 16.36% year over year, led by iPhone at $54.252 billion and Services at $30.739 billion. Tim Cook called it “our strongest June quarter ever, with double-digit revenue growth across iPhone, Mac and Services, and in every geographic segment.” Gross margin got a roughly 2 percentage point lift and $0.11 of EPS from one-time tariff refunds.