Apple Reports Record Q4 Revenue of $114.5 Billion, $30.7 Billion Profit

Apple has reported record revenue of $114.5 billion for its fiscal fourth quarter of 2026, up 12 percent from a year earlier. Net income reached $30.7 billion, while diluted earnings per share rose 14 percent to $2.10.

The results cover the three months ended September 26, 2026. In the same quarter last year, Apple generated $102.5 billion in revenue and $27.5 billion in net income, with diluted EPS of $1.85. The company set September quarter records for revenue, net income, and EPS.

Gross margin was 47.9 percent, including a favorable impact of approximately one percentage point from tariff refunds. Those refunds also contributed $0.05 to diluted EPS.

iPhone and Services Set Records

CEO John Ternus said iPhone revenue reached a September quarter record and Services revenue hit an all-time high. Mac sales also increased, while iPad and Wearables, Home and Accessories revenue declined. Revenue by category was:

• iPhone: $57.583 billion, up 17.5 percent year over year.
• Mac: $10.792 billion, up 23.7 percent.
• iPad: $6.229 billion, down 10.4 percent.
• Wearables, Home and Accessories: $8.300 billion, down 7.9 percent.
• Services: $31.573 billion, up 9.8 percent.

Greater China revenue rose to $17.54 billion from $14.49 billion a year earlier. The Americas generated $48.68 billion, Europe $32.01 billion, Japan $6.54 billion, and the rest of Asia Pacific $9.71 billion.

Looking ahead to the holiday season, Ternus highlighted the iPhone Duo and iPhone 18 Pro lineup, new home hardware, the first touchscreen Macs, and Siri AI.

Fiscal 2026 and Shareholder Returns

For the full fiscal year, revenue reached a record $478.8 billion, up 15.1 percent from $416.2 billion in fiscal 2025. Annual net income was $132.2 billion, compared with $112.0 billion, while diluted EPS increased to $8.98 from $7.46.

CFO Kevan Parekh said Apple generated $28 billion in operating cash flow during the fourth quarter and returned $28 billion to shareholders. The installed base of active devices reached a new all-time high across all major product categories and geographic segments. For the full year, operating cash flow totaled $145.1 billion.

The board declared a cash dividend of $0.27 per common share, payable November 16, 2026, to shareholders of record at the close of business on November 12.

Apple's earnings conference call begins today, November 2, at 2:00 p.m. PT (5:00 p.m. ET). A replay will be available for approximately two weeks.

Financial Statements