Apple has reported financial results for its fiscal 2026 fourth quarter ended 26 September 2026, posting a September-quarter revenue record of $114.5 billion, up 12 percent year over year. The performance was driven by strong iPhone demand and continued growth in Services, capping the company’s best fiscal year on record. These are the first results under CEO John Ternus, who took over on 1 September 2026.
Diluted earnings per share reached $2.10, up 14 percent, while net income came in at approximately $30.7 billion. Gross margin stood at 47.9 percent and included a favourable impact of roughly one percentage point from tariff refunds, which also contributed $0.05 to diluted EPS.
Key Takeaways
- Total revenue: $114.5 billion (+12% year over year) — September-quarter record.
- iPhone revenue: $57.58 billion (+17.5%) — September-quarter record.
- Services revenue: $31.57 billion (+9.8%) — all-time high.
- Mac revenue: $10.79 billion (+23.7%).
- Full-year fiscal 2026 revenue: approximately $479 billion — company record.
- Installed base: Active devices reached a new all-time high across major product categories and geographic segments.
- December-quarter guidance: Total revenue growth of 7–10% year over year, expected to be Apple’s highest-revenue quarter ever.
Apple Q4 2026 at a Glance
| Detail | Info |
|---|---|
| Period | Fiscal Q4 2026 (ended 26 September 2026) |
| Total revenue | $114.5 billion (+12% YoY) |
| Net income | Approximately $30.7 billion |
| Diluted EPS | $2.10 (+14% YoY) |
| Gross margin | 47.9% (includes ~1 pt from tariff refunds) |
| Full-year revenue | Approximately $479 billion (record) |
| CEO | John Ternus (first earnings report as CEO) |
| Dividend | $0.27 per share, payable 16 November 2026 |
Segment Performance
Products generated $82.9 billion in the quarter, up 12 percent. Services contributed $31.57 billion. Here is the full category breakdown:
| Category | Q4 2026 Revenue | Year-over-Year Change |
|---|---|---|
| iPhone | $57.58 billion | +17.5% |
| Mac | $10.79 billion | +23.7% |
| iPad | $6.23 billion | −10.4% |
| Wearables, Home and Accessories | $8.30 billion | −7.9% |
| Services | $31.57 billion | +9.8% |
| Total | $114.5 billion | +12% |
iPhone accounted for just over half of total revenue. The strength came even though the newest Pro models contributed only a limited number of days of sales in the quarter. Mac delivered standout growth. iPad and Wearables, Home and Accessories declined, with management citing supply constraints and difficult year-ago comparisons related to prior product launches.
Full-Year Records and Capital Return
Fiscal 2026 closed with all-time record revenue of approximately $479 billion and double-digit growth in earnings per share. Operating cash flow for the September quarter was $28 billion, enabling the company to return $28 billion to shareholders during the period. Apple’s board declared a cash dividend of $0.27 per share, payable on 16 November 2026 to shareholders of record as of 12 November 2026.
New Leadership and Product Momentum
These results mark the first full earnings report under CEO John Ternus. In comments accompanying the release, Ternus highlighted the September-quarter revenue record, the iPhone September-quarter record, and the all-time high in Services, describing the period as the close of Apple’s best fiscal year ever.
He pointed to the current product lineup heading into the holiday season, including the iPhone Duo, iPhone 18 Pro and iPhone 18 Pro Max, new home hardware, the introduction of Touch on Mac, and the expanded capabilities of Siri AI. Management noted that the installed base of active devices has reached another all-time high, reflecting high levels of customer satisfaction and loyalty across categories and regions.
Outlook for the December Quarter
Apple expects total company revenue to grow between 7 and 10 percent year over year in the December quarter. The company anticipates this will be its highest-revenue quarter in history. Services revenue is expected to grow in the range of 8 to 9 percent. Gross margin guidance for the current quarter is 45 to 46 percent, reflecting higher memory costs and investments related to new product ramps and Siri AI.
Supply constraints on certain products were acknowledged as a factor in both the just-completed quarter and the near-term outlook. Management indicated that constraints on advanced process nodes are expected to ease over time as more of the lineup transitions.
📱 App Marketing Angle
A growing installed base and record Services performance continue to expand the addressable audience for apps and games on the App Store. Strong iPhone cycles and new device form factors such as the iPhone Duo create fresh opportunities for discovery, optimisation and live-ops planning. For more Apple platform coverage, see the Apple News section on Marketing Trending.
What to Watch Next
- December-quarter performance. Whether revenue lands toward the higher end of the 7–10% guidance range.
- iPhone Duo and Pro sales momentum. How the newest devices convert in the holiday period.
- Services trajectory. Continued growth in the higher-margin segment.
- Supply situation. Any easing of constraints on advanced nodes and key products.
Quick Answers: Apple Q4 2026 Results
What was Apple’s Q4 2026 revenue?
$114.5 billion, up 12% year over year — a September-quarter record.
How did iPhone perform?
iPhone revenue reached $57.58 billion, up 17.5%, setting a September-quarter record.
What about Services?
Services revenue hit an all-time high of $31.57 billion, up 9.8%.
Who is the new CEO?
John Ternus. These are his first results as CEO after taking over on 1 September 2026.
What is the December-quarter outlook?
Apple expects total revenue growth of 7–10% year over year and anticipates its highest-revenue quarter ever. Services growth is guided at 8–9%.
What was full-year fiscal 2026 revenue?
Approximately $479 billion, a company record.
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