Tim Cook Marks End of His Tenure Leading Apple Earnings Calls

Apple CEO Tim Cook used the Q3 2026 earnings call to note that it was his last time at the helm and to confirm that his successor, John Ternus, will take over future quarterly sessions.

Cook reflects on his last earnings call. The company reported $109.42 billion in revenue for the third fiscal quarter of 2026. Prior to fielding analyst questions, Cook paused to address the significance of the moment for shareholders and the investment community.

He clarified that Ternus will lead the company’s quarterly calls going forward, resolving prior uncertainty since CEOs are not required to participate in them.

Cook thanks shareholders and analysts. According to the company, Cook said, "thank you to all of you from our shareholders, particularly our long-term shareholders, who have put their trust in us for so many years, to the analysts who have followed our company so closely." Those remarks came right before he addressed the leadership transition.

Ternus confirmed to lead future calls. Cook stated that "this will be my final earnings call, and John will lead these calls going forward." He added that the handoff is proceeding smoothly and voiced strong enthusiasm for Ternus assuming the top role to guide Apple into its next chapter.

Cook called Ternus "truly one of a kind" and said no one is better suited to lead the company. He expressed full confidence in Ternus, the executive team, and the staff dedicated to improving customers’ lives worldwide.

Optimism expressed for Apple’s future. Cook closed by noting a promising road ahead and said he had never felt more positive about the company’s direction. He then invited questions from analysts. The comments arrive as the company enters a new phase with Ternus steering its public financial updates.