diff --git a/mlx_lm/tokenizer_utils.py b/mlx_lm/tokenizer_utils.py
index c7e50fbe7..d8260379a 100644
--- a/mlx_lm/tokenizer_utils.py
+++ b/mlx_lm/tokenizer_utils.py
@@ -561,6 +561,8 @@ def _infer_tool_parser(chat_template):
         return "glm47"
     elif "<|tool_list_start|>" in chat_template:
         return "pythonic"
+    elif "<function_calls>" in chat_template:
+        return "olmo3"
     elif (
         "<tool_call>\\n<function=" in chat_template
         or "<tool_call>\n<function=" in chat_template
diff --git a/mlx_lm/tool_parsers/olmo3.py b/mlx_lm/tool_parsers/olmo3.py
new file mode 100644
index 000000000..1629cb745
--- /dev/null
+++ b/mlx_lm/tool_parsers/olmo3.py
@@ -0,0 +1,55 @@
+# Copyright © 2026 Apple Inc.
+
+import ast
+from typing import Any
+
+import regex as re
+
+"""
+Tool parser for Olmo 3 function call format.
+
+Parses assistant responses containing tool calls in formats like:
+<function_calls>
+function_name(arg1="value1", arg2=2)
+</function_calls>
+
+Multiple tool calls are newline-separated within the tags. Argument values
+are JSON literals (null, true, false) instead of Python literals.
+"""
+
+
+_tool_call_regex = re.compile(r"^\s*(\w+)\((.*)\)\s*$", re.MULTILINE)
+_tool_args_regex = re.compile(r'(\w+)=(?:"([^"]*)"|([^,]+))(?:,\s*|$)', re.DOTALL)
+
+_JSON_LITERALS = {"null": None, "true": True, "false": False}
+
+
+def _coerce(value: str):
+    value = value.strip()
+    if value in _JSON_LITERALS:
+        return _JSON_LITERALS[value]
+    try:
+        return ast.literal_eval(value)
+    except (ValueError, SyntaxError):
+        return value
+
+
+def parse_tool_call(text: str, tools: Any | None = None):
+    calls = []
+    for match in _tool_call_regex.finditer(text):
+        func_name = match.group(1)
+        args_str = match.group(2)
+        arguments = {}
+        if args_str:
+            for key, quoted, raw in _tool_args_regex.findall(args_str):
+                arguments[key.strip()] = quoted if quoted else _coerce(raw)
+        calls.append({"name": func_name, "arguments": arguments})
+
+    if not calls:
+        raise ValueError("No function provided.")
+
+    return calls if len(calls) > 1 else calls[0]
+
+
+tool_call_start = "<function_calls>"
+tool_call_end = "</function_calls>"
diff --git a/tests/test_tool_parsing.py b/tests/test_tool_parsing.py
index 52892b7ff..7f8d0be10 100644
--- a/tests/test_tool_parsing.py
+++ b/tests/test_tool_parsing.py
@@ -10,6 +10,7 @@
     longcat,
     minimax_m2,
     mistral,
+    olmo3,
     pythonic,
     qwen3_coder,
 )
@@ -53,6 +54,10 @@ def test_parsers(self):
                 "[multiply(a=12234585, b=48838483920)]",
                 pythonic,
             ),
+            (
+                "multiply(a=12234585, b=48838483920)",
+                olmo3,
+            ),
             (
                 'multiply[ARGS]{"a": 12234585, "b": 48838483920}',
                 mistral,
@@ -123,6 +128,10 @@ def test_parsers(self):
                 '[get_current_temperature(location="London")]',
                 pythonic,
             ),
+            (
+                'get_current_temperature(location="London")',
+                olmo3,
+            ),
             (
                 'get_current_temperature[ARGS]{"location": "London"}',
                 mistral,
@@ -313,6 +322,30 @@ def test_kimi_k2(self):
         ]
         self.assertEqual(tool_calls, expected)
 
+    def test_olmo3(self):
+        # Multiple tool calls
+        test_case = (
+            'search(query="weather")\n'
+            'read_file(path="/tmp/test.txt")'
+        )
+        tool_calls = olmo3.parse_tool_call(test_case, None)
+        self.assertIsInstance(tool_calls, list)
+        self.assertEqual(len(tool_calls), 2)
+        self.assertEqual(tool_calls[0], {"name": "search", "arguments": {"query": "weather"}})
+        self.assertEqual(
+            tool_calls[1],
+            {"name": "read_file", "arguments": {"path": "/tmp/test.txt"}},
+        )
+
+        # JSON literals are accepted (true/false/null instead of Python literals)
+        test_case = 'configure(enabled=true, name="x", missing=null)'
+        tool_call = olmo3.parse_tool_call(test_case, None)
+        self.assertEqual(tool_call["name"], "configure")
+        self.assertEqual(
+            tool_call["arguments"],
+            {"enabled": True, "name": "x", "missing": None},
+        )
+
     def test_minimax_m2(self):
         test_case = (
             '<invoke name="search">\n'