Key Highlights

  • Revenue reached a September-quarter record of USD 114.5 billion, up 12%, with diluted EPS of USD 2.10, up 14%.
  • iPhone Revenue rose to USD 57.6 billion and Services revenue set an all-time high of USD 31.6 billion.
  • Fiscal 2026 revenue was a record USD 479 billion, up about 15% from USD 416.2 billion in fiscal 2025.
  • Management projects December-quarter total revenue growth of 7% to 10% and declared a Dividend of USD 0.27 per share.

Record Quarter and Fiscal Year

Apple Inc. (NASDAQ:AAPL) reported fiscal fourth-quarter 2026 revenue of USD 114.5 billion for the quarter ended September 26, 2026, up 12% from USD 102.5 billion. Diluted Earnings per Share were USD 2.10, up 14%, and included a favorable USD 0.05 from Tariff refunds. Gross Margin was 47.9%, including a favorable impact of about 1 percentage point from tariff refunds.

For the full fiscal year, revenue reached an all-time record of USD 478.8 billion compared with USD 416.2 billion, and the company described double-digit EPS growth. Chief executive John Ternus said the quarter capped the company's best fiscal year ever and pointed to a new lineup that includes the iPhone Duo, iPhone 18 Pro and iPhone 18 Pro Max.

Category Results

iPhone revenue was USD 57.6 billion versus USD 49.0 billion, a September-quarter record up about 17%. Mac revenue rose about 24% to USD 10.8 billion from USD 8.7 billion, and Services rose about 10% to an all-time high of USD 31.6 billion from USD 28.8 billion. iPad revenue fell about 10% to USD 6.2 billion from USD 7.0 billion, and Wearables, Home and Accessories fell about 8% to USD 8.3 billion from USD 9.0 billion.

For the fiscal year, iPhone revenue was USD 254.1 billion versus USD 209.6 billion and Services revenue was USD 123.3 billion versus USD 109.2 billion.

Cash Flow and Balance Sheet

The chief financial officer said the company generated USD 28 billion of operating Cash Flow in the quarter and returned USD 28 billion to shareholders, and that its installed base of active devices reached a new all-time high across all major product categories and geographic segments. The board declared a Cash Dividend of USD 0.27 per share, payable November 16, 2026 to holders of record on November 12.

At quarter end, cash and cash equivalents were USD 36.3 billion and marketable securities totaled USD 100.6 billion across current and non-current holdings. Inventories rose to USD 14.5 billion from USD 5.7 billion, Accounts Payable rose to USD 82.3 billion from USD 69.9 billion, and term debt, current and non-current, totaled USD 78.1 billion versus USD 90.7 billion.

Management projects December-quarter total company revenue growth of 7% to 10% year over year, reflecting its best view at this time. The outlook assumes that global tariff rates, policies and their application remain in effect as of the call and that the global macroeconomic outlook does not worsen from the date of the call.

Metrics to Track Through the Holidays

Items to track include iPhone Demand for the new lineup, the Services growth rate, gross margin after the tariff refund benefit and inventory levels as new products ramp.