{
 "description": "Apple gross margin by fiscal quarter, reported and excluding one-time tariff-refund benefits",
 "units": "percent of net sales",
 "rows": [
  {
   "quarter": "FQ1 2026 (Dec 2025)",
   "reported": 48.2,
   "ex_refunds": 48.2,
   "note": "no refund benefit disclosed"
  },
  {
   "quarter": "FQ2 2026 (Mar 2026)",
   "reported": 49.3,
   "ex_refunds": 49.3,
   "note": "no refund benefit disclosed"
  },
  {
   "quarter": "FQ3 2026 (Jun 2026)",
   "reported": 50.1,
   "ex_refunds": 48.1,
   "note": "about 2 points of one-time tariff refunds"
  },
  {
   "quarter": "FQ4 2026 (Sep 2026) guidance",
   "reported_low": 47.0,
   "reported_high": 48.0,
   "ex_refunds_low": 46.0,
   "ex_refunds_high": 47.0,
   "ex_refunds_mid": 46.5,
   "note": "guide includes about 1 point of refunds; range, not actual"
  }
 ],
 "thresholds": {
  "margin_reset_december_guide_ex_refunds_at_or_below": 46.0,
  "in_line_band": [
   46.0,
   47.0
  ],
  "invalidation_at_or_above": 48.0
 },
 "sources": [
  "apple-q1",
  "apple-q2",
  "apple-q3",
  "q3-transcript"
 ]
}