Apple Q4 Revenue Rises 11.7% to Record $114.48 Billion as iPhone Sales Jump 17.5%
Apple posted record September-quarter revenue of $114.48 billion for its fiscal fourth quarter, up 11.7% from a year earlier, as iPhone sales jumped 17.5% and Services revenue hit an all-time high.
Net income rose 11.8% to $30.71 billion, or $2.10 per diluted share, from $27.47 billion, or $1.85, in the year-ago quarter, according to the earnings release Apple filed with an 8-K on Monday. That is a 13.5% gain in per-share earnings. The company said EPS included a $0.05 benefit from tariff refunds, and that refunds lifted gross margin by an estimated 1 percentage point.
Gross margin was 47.9% for the quarter ended Sept. 26. Operating income climbed to $35.63 billion from $32.43 billion.
iPhone and Mac lead the way
iPhone revenue reached $57.58 billion, a September-quarter record, up from $49.03 billion. Mac sales rose 23.7% to $10.79 billion.
Not every line grew. iPad revenue fell 10.4% to $6.23 billion, and Wearables, Home and Accessories slipped 7.9% to $8.30 billion. Services, Apple's high-margin business, rose 9.8% to $31.57 billion.
"We're closing the year with our most ambitious lineup yet," CEO John Ternus said in the release, pointing to the iPhone Duo, iPhone 18 Pro and iPhone 18 Pro Max, a new generation of home hardware, Touch on the Mac and the all-new Siri AI. "It's an incredible lineup to carry us into the holiday season."
Greater China rebounds
Every region except Japan grew. Greater China revenue rose 21.0% to $17.54 billion. The Americas increased 10.2% to $48.68 billion and Europe gained 11.5% to $32.01 billion. Rest of Asia Pacific rose to $9.71 billion from $8.44 billion, while Japan dipped to $6.54 billion from $6.64 billion.
A record fiscal year
For fiscal 2026, revenue rose 15.1% to $478.83 billion, the company's best year on record. Net income climbed to $132.18 billion from $112.01 billion, and diluted EPS rose 20.4% to $8.98.
CFO Kevan Parekh said Apple generated $28 billion in operating cash flow in the quarter and returned $28 billion to shareholders. For the full year, Apple spent $86.39 billion buying back its stock.
The board declared a quarterly dividend of $0.27 per share, payable Nov. 16 to shareholders of record as of Nov. 12. Apple did not give a revenue forecast in the release.
By the numbers
- Revenue: $114.48 billion, up 11.7%
- Diluted EPS: $2.10, up 13.5%
- iPhone: $57.58 billion, up 17.5%
- Services: $31.57 billion, up 9.8%
- Gross margin: 47.9%
- Fiscal 2026 revenue: $478.83 billion, up 15.1%
Sources
- Apple Form 8-K with fiscal fourth-quarter 2026 earnings release, filed Nov. 2, 2026 (accession 0000320193-26-000024)
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.