Same issue here since this evening (March 10, 2026) on both iPhone and iPad, paid Apple Developer Program account. After extensive troubleshooting — new certificates, new provisioning profiles, device restarts, testing on both Wi-Fi and cellular — I can confirm this is server-side. https://ppq.apple.com is returning 502 Bad Gateway intermittently. It sometimes responds with "OK", which makes the issue harder to diagnose as it appears to be working when checked manually. Awaiting a fix from Apple.

Hello, you’re absolutely right. The same thing is happening to me on iOS 26.2.1 as well. If I tap it quickly while the subview is still loading, the menu shoots up toward the top of the screen. I’ve tried everything, but it’s caused by the time it takes for the view to process. If you disable it for 1 second until the view is fully loaded, it no longer misbehaves. If I put it in a ToolbarItem positioned at .topBarTrailing, no matter how quickly I tap it, it doesn’t behave strangely. Weird