Apple on November 2, 2026 reported results for its fiscal 2026 fourth quarter ended September 26, 2026. Quarterly revenue was $114.5 billion, up 12% year over year. Diluted earnings per share were $2.10, up 14%. Gross margin was 47.9%, including about 1 percentage point from tariff refunds; EPS included a $0.05 benefit from those refunds.
CEO John Ternus, in his first earnings release as chief executive, called the September quarter a company revenue record and said Services hit an all-time high, capping what he described as Apple's best fiscal year. CFO Kevan Parekh said fiscal 2026 revenue reached an all-time record of $479 billion. Operating cash flow in the quarter was $28 billion, and Apple returned $28 billion to shareholders. The board declared a $0.27 per-share cash dividend, payable November 16, 2026 to holders of record on November 12, 2026.
Key Facts
| Metric | Figure |
|---|---|
| Q4 revenue (ended Sep 26, 2026) | $114.5B, +12% YoY (Apple) |
| Diluted EPS | $2.10, +14% YoY; includes $0.05 tariff-refund benefit |
| Gross margin | 47.9%; ~1 ppt from tariff refunds |
| FY2026 revenue | $479B all-time record (Apple) |
| iPhone revenue | About $57.6B, +17% to +17.5% YoY (CNBC / The Verge / Reuters) |
| Mac revenue | About $10.8B, +24% YoY (CNBC / The Verge) |
| Services | About $31.6B, +9.8% YoY; new high (Bloomberg Linea / CNBC context) |
| Greater China | About $17.5B, +21% YoY (CNBC) |
| CapEx (quarter) | About $2.2B (CNBC / The Verge) |
| Dec-quarter guide | Revenue +7% to +10%; gross margin 45% to 46%; Services +8% to +9% (CNBC / Reuters / TechCrunch) |
| Dividend | $0.27/share; pay Nov 16, record Nov 12, 2026 |
Segment dollars above come from CNBC live coverage, Reuters (via Investing.com), The Verge, and Bloomberg Linea, which round to the same ranges. Apple's newsroom release states the company totals and does not break out every product line in the HTML summary.
Background
This was Apple's first quarterly report under Ternus, who succeeded Tim Cook on September 1, 2026, according to CNBC. The September quarter included only a short window of iPhone 18 Pro sales; the iPhone Duo launched after the period ended, CNBC reported.
Apple's newsroom release highlights iPhone Duo, iPhone 18 Pro and Pro Max, new home hardware, Touch on Mac, and "all-new Siri AI" as the holiday lineup. The Verge notes Siri AI reached U.S. English beta users in September and expanded to French, Japanese, Korean, Portuguese, and Spanish in October.
AI-Related Points With Sources
On the call, Parekh said AI can contribute to revenue growth over time through product upgrades and "opportunities across third-party apps and partnerships as well as first-party opportunities," according to The Verge and TechCrunch. He did not spell out a concrete third-party AI app product. TechCrunch notes Reuters investors' speculation that Apple could distribute third-party AI agents via the App Store and take a cut; that remains an outside reading, not an Apple commitment.
The Verge, citing AlphaSense, says AI or Apple Intelligence was mentioned 45 times on the call. Ternus said features that rely on server-side models, including Siri AI and intelligent photo editing, will have usage limits, with customers later able to buy expanded access. The Verge also reports Apple CapEx of $2.2 billion last quarter, far below hyperscaler peers, and operating expenses of $19.2 billion, up 21%.
CNBC and Reuters report that rising memory costs and Siri AI-related expenses weigh on the December-quarter margin outlook of 45% to 46%.
Reactions and Impact
Shares fell in extended trading after the margin guide. CNBC put the drop around 3%; Reuters described a steeper dip during the call that later pared to about 2%. Analysts had expected stronger Services growth and a higher margin, per LSEG figures cited by CNBC and Reuters.
What We Don't Know Yet
- Apple has not disclosed how much of hardware growth traces to AI demand versus price increases.
- Parekh's "third-party apps and partnerships" comment has no published product roadmap or pricing.
- How many Siri AI requests will stay on-device versus hit servers is still "too early to predict," Parekh said per The Verge.
- Exact Services composition (App Store vs. cloud vs. advertising) for the quarter is not fully broken out in the sources used here.