Apple Posts Record $114.5 Billion Revenue in Q4 2026

Apple reported record revenue of $114.5 billion for its fiscal fourth quarter of 2026, up 12 percent from a year ago. Profit rose to $30.7 billion, or $2.10 per share, up 14 percent from a year ago. Both results beat what Wall Street had expected, according to Apple’s earnings release as reported by MacRumors and 9to5Mac.

What happened

Apple announced the results on November 2, 2026, after US markets closed. The quarter ended September 26, 2026, and it was the first earnings report under new chief executive John Ternus, who took over from Tim Cook on September 1.

The iPhone led the growth. iPhone revenue reached $57.58 billion, up from $54.25 billion a year ago, and set a record for a September quarter. Services, which includes subscriptions and app store revenue, reached $31.57 billion, an all time high. Mac revenue rose to $10.79 billion, up from $10.35 billion a year ago, and iPad revenue was $6.22 billion, up slightly from $6.19 billion.

For the full fiscal year, Apple reported sales of $478.8 billion and net income of $132.2 billion, both records and up from $416.2 billion in sales and $112.0 billion in net income in fiscal 2025. The board also declared a dividend of $0.27 per share, payable on November 16 to shareholders of record as of November 12.

Apple shares had fallen 1.83 percent during regular trading on November 2, closing at $338.32, before the results were released. That fall came on a mixed day for US stocks, with the Dow rising while the S and P 500 and Nasdaq fell.

Why it matters for beginners

An earnings report is a company’s scorecard for a quarter. Revenue shows how much money came in from selling products and services. Profit shows what was left after costs. When both beat expectations, it usually means demand was stronger than analysts had forecast.

This report also matters because Apple is one of the largest companies in the world, and it recently retook the title of the world’s most valuable company from Nvidia. When a company that large reports strong results, it can affect index funds and retirement accounts that hold its shares, even for people who do not own Apple shares directly.

The details also show why timing matters. The quarter included only nine days of iPhone 18 Pro sales, and the new iPhone Duo went on sale after the quarter ended. That means the next quarter, which includes the holiday shopping season, will give a fuller picture of demand for the newest phones.

What to watch next

Investors will watch Apple’s guidance for the holiday quarter, which is usually its biggest quarter of the year. They will also watch early sales signals for the iPhone Duo and whether Services growth stays strong. Apple also faces the same wider questions as other large technology companies, including how much spending on artificial intelligence will pay off and how tariffs affect costs. Apple’s gross margin was 47.9 percent in the quarter, including about one percentage point from tariff refunds, which also added $0.05 to earnings per share.

FAQ

What is Apple’s fiscal fourth quarter?

Apple’s fiscal year ends in late September, so its fiscal fourth quarter covers roughly July through September. That is why this report is called a September quarter report, even though it was released in November.

Did Apple beat expectations?

Yes. Wall Street had expected revenue of about $113.39 billion and earnings of $1.99 per share. Apple reported $114.5 billion in revenue and $2.10 per share, so it beat both.

Why is the iPhone so important to Apple?

The iPhone brought in more than half of Apple’s revenue in the quarter, at $57.58 billion out of $114.5 billion. That is why iPhone sales often drive the reaction to Apple’s results.

Does a strong quarter mean the share price will rise?

Not always. Share prices move on many factors, including guidance for the next quarter, wider market sentiment, and interest rate expectations. A strong past quarter is only one piece of the picture.