Apple tops Q4 2026 estimates with record $114.5 billion revenue in John Ternus' first report as CEO
Apple posted record fiscal fourth-quarter revenue of $114.5 billion and earnings per share of $2.10, topping Wall Street expectations in John Ternus' first earnings report as chief executive.
Apple reported fiscal fourth-quarter 2026 revenue of $114.48 billion to $114.50 billion, up 12% year over year and beating consensus estimates of roughly $113.39 billion to $113.47 billion. Diluted earnings per share reached $2.10, surpassing projections of $1.98 to $2.00. The quarter marked the company's first earnings report under new CEO John Ternus, who took the helm in September.[2][6][7][9][14]
Revenue growth was driven by the iPhone, which rose 17% year over year to a September quarter record of $57.58 billion, and Mac sales, which jumped 24% to $10.79 billion. Services revenue grew 10% to an all-time high of $31.57 billion. Conversely, iPad sales dropped 10% to $6.23 billion, while Wearables, Home, and Accessories fell 8% to $8.30 billion. Greater China revenue rose 21% to $17.54 billion, though it missed consensus forecasts of around $18.55 billion to $18.9 billion.[2][9][10][18]
Gross margin came in at 47.9%, aided by tariff refunds that added 1 percentage point to margins and contributed $0.05 to EPS. Apple CFO Kevan Parekh reported $28 billion in quarterly operating cash flow, fully returned to shareholders alongside an approved cash dividend of $0.27 per share. Apple's full fiscal year 2026 revenue totaled a record $478.8 billion to $479 billion.[5][8][9]
Despite the record quarterly figures, Apple's shares slipped in after-hours trading as the company warned of rising memory chip costs. Ternus stated that memory expenses are expected to increase into December and beyond, pressuring holiday gross margins. Apple's inventory climbed to $14.54 billion in the fourth quarter, up 31.1% sequentially and 154.3% from a year earlier as the company locked in component supplies.[3][11][16][17][19]
Key facts
- Apple reported fiscal fourth-quarter 2026 revenue of $114.48 billion to $114.50 billion, beating analyst estimates.
- Diluted earnings per share came in at $2.10, ahead of expectations of $1.98 to $2.00, aided by a $0.05 EPS benefit from tariff refunds.
- iPhone revenue reached $57.58 billion, up 17% year over year, while Services revenue rose 10% to $31.57 billion.
- Greater China revenue climbed 21% year over year to $17.54 billion, falling short of analyst targets ranging from $18.55 billion to $18.9 billion.
- Apple closed fiscal 2026 with total annual revenue of $478.8 billion to $479 billion.
- The earnings report and call were the first led by John Ternus since he took over as CEO in September.
- Apple warned that rising memory chip costs would continue into December and beyond, as its fourth-quarter inventory climbed 154.3% year over year to $14.54 billion.
Sources · 17 sources
- BL
Bloomberg@businessPost on X ·
Apple posted decelerating sales growth in its September quarter, with China revenue missing estimates, in the first earnings report since John Ternus took over as CEO https://t.co/bD1wcnwSTL
Open source - TE
TechmemeArticle ·
Apple reports Q4 revenue up 12% YoY to $114.48B, vs. $113.39B est., China revenue up 21% to $17.5B, vs. $18.9B est., in John Ternus' first earnings report (Apple) Apple : Apple reports Q4 revenue up 12% YoY to $114.48B, vs. $113.39B est., China revenue up 21% to $17.5B, vs. $18.9B est., in John Ternus' first earnings report — September quarter records for total company revenue, iPhone revenue, and EPS Services revenue reaches new all-time high CUPERTINO …
Open source - RE
Reuters@ReutersPost on X ·
Apple warned that the cost of memory chips would continue to rise, pressuring gross margin for the crucial holiday quarter, but said it had taken steps to lock in supplies https://t.co/7VN8NIKlYX
Open source - CB
Coin Bureau@coinbureauPost on X ·
🚨BREAKING: Apple keeps falling despite posting a RECORD $114.5 BILLION Q4, with HALF its earnings beat from tariff REFUNDS. Apple earned $2.10 per share vs the $2.00 expected, and $0.05 of that came from tariff refunds. iPhone sales hit a Q4 RECORD of $57.6 BILLION, above the $56.5 BILLION expected. Greater China sales missed at $17.54 BILLION, vs $18.75 BILLION expected. $AAPL is down about 1% after hours, after dropping 1.8% during the day.
Open source - NE
NeowinFeed@NeowinFeedPost on X ·
Apple closed out its fiscal 2026 on a historic high, posting record fourth-quarter revenue of $114.5 billion alongside an annual revenue of $478.8 billion. #Apple #AAPL #Earnings #iPhone https://t.co/2VpY4ph2Y3
Open source - GU
GURGAVIN@gurgavinPost on X ·
APPLE EARNINGS JUST CAME OUT *APPLE 4Q EPS $2.10, EST. $2.00 ( BEAT ✅ ) *APPLE 4Q REV. $114.48B, EST. $113.47B ( BEAT ✅ ) $AAPL https://t.co/uNANBCj2HZ
Open source - TH
The Hindu@the_hinduPost on X ·
Apple Inc. posted stronger-than-expected revenue in the fiscal fourth quarter, giving new CEO John Ternus an upbeat start to his tenure, which began in September. The solid results bucked a downward trend for tech giants this quarter, as companies including Alphabet, Amazon and Intel had disappointing quarterly results. https://t.co/KrdQgUv0yd
Open source - TR
TrendSpider@TrendSpiderPost on X ·
APPLE $AAPL CFO KEVAN PAREKH: "WE GENERATED $28 BILLION IN OPERATING CASH FLOW DURING THE QUARTER, ALLOWING US TO RETURN $28 BILLION TO SHAREHOLDERS." https://t.co/TYSMSl6RT8
Open source - WS
Wall St Engine@wallstenginePost on X ·
APPLE $AAPL Q4’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $114.50B (Est. $113.39B) 🟢; +12% YoY 🔹 EPS: $2.10 (Est. $1.99) 🟢; incl. tariff refund 🔹 Gross Margin: 47.9% (Est. 47.5%) 🟢 🔹 Greater China: $17.54B (Est. $18.55B) 🔴; +21% YoY Segment Revenue: 🔹 iPhone: $57.58B (Est. $56.48B) 🟢; +17% YoY 🔹 Services: $31.57B (Est. $31.58B) 🟡; +10% YoY 🔹 Products: $82.90B (Est. $81.46B) 🟢; +12% YoY 🔹 Mac: $10.79B (Est. $9.69B) 🟢; +24% YoY 🔹 iPad: $6.23B (Est. $6.83B) 🔴; -10% YoY 🔹 Wearables: $8.30B (Est. $8.99B) 🔴; -8% YoY Geographic Revenue: 🔹 Americas: $48.68B; +10% YoY 🔹 Europe: $32.01B; +12% YoY 🔹 Greater China: $17.54B; +21% YoY 🔹 Japan: $6.54B; -1% YoY 🔹 Rest of Asia Pacific: $9.71B; +15% YoY Financials: 🔹 Gross Profit: $54.82B; +13% YoY 🔹 Op Income: $35.63B (Est. $34.52B) 🟢; +10% YoY 🔹 Net Income: $30.71B; +12% YoY 🔹 FY26 Operating Cash Flow: $145.1B Capital Return: 🔹 Dividend: $0.27/share Key Updates: 🔹 Tariff refunds: 1 percentage point gross-margin impact; $0.05 EPS impact 🔹 September quarter records: total company revenue, iPhone revenue, and EPS; Services reached an all-time high Comments: 🔸 “Today, Apple is proud to report a September quarter revenue record of $114.5 billion, up 12 percent from a year ago, with iPhone reaching a September quarter record and Services reaching an all-time high, capping off our best fiscal year ever” 🔸 “We generated $28 billion in operating cash flow during the quarter, allowing us to return $28 billion to shareholders. Thanks to our very high levels of customer satisfaction and loyalty, our installed base of active devices reached a new all-time high across all major product categories and geographic segments.”
Open source - TE
TechmemeArticle ·
Apple Q4: iPhone up 17% YoY to $57.58B, above $56.54B est., Mac up 24% to $10.8B, iPad down 10% to $6.2B, and Wearables, Home, and Accessories down 8% to $8.3B (Marcus Mendes/9to5Mac) Marcus Mendes / 9to5Mac : Apple Q4: iPhone up 17% YoY to $57.58B, above $56.54B est., Mac up 24% to $10.8B, iPad down 10% to $6.2B, and Wearables, Home, and Accessories down 8% to $8.3B — Apple sees Q4 revenue climb 12% year over year — Last year, for its fourth fiscal quarter, Apple reported $102.47 billion in revenue …
Open source - LD
Lark Davis@LarkDavisPost on X ·
$AAPL beats on Q4 2026 ($114.5B rev / $2.10 EPS), but shares drop ~3% after hours. Solid iPhone (+17.5%) and Services growth, yet the market is fixated on margin headwinds from rising memory costs (next-quarter GM guided 45–46%) and higher opex. Classic sell-the-news. https://t.co/KX5I8pulGK
Open source - DE
Decrypt@DecryptMediaPost on X ·
Apple Posts Record $114.5 Billion September Quarter, Capping Its "Best Fiscal Year Ever." Apple said fiscal fourth-quarter revenue rose 12% to $114.5 billion, with record iPhone sales and all-time high Services revenue, as full-year revenue hit a record $479 billion. https://t.co/8Mxi6Ayew1
Open source - TE
Techmeme@TechmemePost on X ·
Apple reports Q4 revenue from Services, which includes the App Store, Apple TV, Apple Music, iCloud, and more, grew 10% YoY to $31.57B, vs. $31.58B est. (@loreeseitz / The Wrap) (Visit Techmeme dot com for the link and full context!)
Open source - CN
CNBC@CNBCPost on X ·
EARNINGS: Apple reported better-than-expected revenue but came up short of estimates on iPad sales for the fiscal fourth quarter. https://t.co/moPes5i4Fz https://t.co/zaP3OCARzf
Open source - MA
MarketWatch@MarketWatchPost on X ·
Apple's stock seesaws as John Ternus helms first earnings call as CEO — live https://t.co/aFm6aqkEUk
Open source - TE
TechCrunch@TechCrunchPost on X ·
Apple says unprecedented memory chip costs will continue to rise, raising questions about future device prices as its inventory climbs to $14.5 billion. https://t.co/mv53SmLY1I
Open source - TE
Techmeme@TechmemePost on X ·
John Ternus says Apple expects memory costs to increase into December and beyond; Apple's inventory grew to $14.54B in Q4, up 31.1% QoQ and 154.3% YoY (@sarahpereztc / TechCrunch) (Visit Techmeme dot com for the link and full context!)
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
*APPLE 4Q EPS $2.10, EST. $2.00 *APPLE 4Q REV. $114.48B, EST. $113.47B *APPLE 4Q WEARABLES, HOME & ACCESSORIES $8.30B, EST. $9B *APPLE 4Q IPHONE REVENUE $57.58B, EST. $56.49B *APPLE 4Q GREATER CHINA REV. $17.54B, EST. $18.75B *APPLE 4Q TOTAL OPER EXPENSES $19.19B, EST. $19.19B *APPLE 4Q SERVICES REV $31.57B, EST. $31.58B
Open source - TE
TechmemeArticle ·
John Ternus says Apple expects memory costs to increase into December and beyond; Apple's inventory grew to $14.54B in Q4, up 31.1% QoQ and 154.3% YoY (Sarah Perez/TechCrunch) Sarah Perez / TechCrunch : John Ternus says Apple expects memory costs to increase into December and beyond; Apple's inventory grew to $14.54B in Q4, up 31.1% QoQ and 154.3% YoY — Apple's stockpiling of inventory, particularly computer memory, continued in its fiscal fourth-quarter, according to earnings reported Monday.
Open source - MC
MacRumors.com@MacRumorsPost on X ·
John Ternus Hosting His First Earnings Call as Apple CEO Today https://t.co/6MiZW2T0k6 https://t.co/ms3ZnDyDG1
Open source