Fourth-quarter revenue rose 12 percent year over year to reach $114.5 billion, while diluted earnings per share expanded 14 percent to $2.10. Gross margin reached 47.9 percent, aided by tariff refunds that added roughly one percentage point to margins and five cents to per-share earnings. The company generated $28 billion in operating cash flow during the period and returned that exact amount to shareholders through capital returns and dividends. Moving forward, momentum is supported by a comprehensive product rollout including the iPhone Duo, Touch-enabled Macs, and an overhauled Siri AI platform.
Key points
Record September iPhone sales and an all-time high in Services drove robust top-line mome…: Record September iPhone sales and an all-time high in Services drove robust top-line momentum across global geographic regions.
Capital returns matched operating cash flow for the quarter at $28 billion alongside a de…: Capital returns matched operating cash flow for the quarter at $28 billion alongside a declared dividend of $0.27 per common share.
Product expansion heading into the holiday shopping season features new additions like th…: Product expansion heading into the holiday shopping season features new additions like the iPhone Duo, Touch-enabled Macs, and an all-new Siri AI.
Sources checked by our analysis pipeline: 1
PRESS RELEASE
November 2, 2026
Apple reports fourth quarter results
September quarter records for total company revenue, iPhone revenue, and EPS
Services revenue reaches new all-time high
Services revenue reaches new all-time high
CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2026 fourth quarter ended September 26, 2026. The Company posted quarterly revenue of $114.5 billion, up 12 percent year over year. Company gross margin was 47.9 percent, including a favorable impact of approximately 1 percentage point from tariff refunds. Diluted earnings per share was $2.10, up 14 percent year over year, and included a favorable impact of $0.05 from tariff refunds.
“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,” said John Ternus, Apple’s CEO. “We’re closing the year with our most ambitious lineup yet. That includes the iPhone Duo, the most transformational iPhone since the original, alongside iPhone 18 Pro and iPhone 18 Pro…
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