Apple reports fourth quarter results

Apple reported fiscal 2026 fourth-quarter revenue of $114.5 billion, up 12 percent year over year, and diluted earnings per share of $2.10, up 14 percent year over year. The statutory income statement reported total net sales of $ 114,477 million, gross margin of $ 54,820 million, operating income of $ 35,631 million, and net income of $ 30,711 million. Management characterized the period as a September-quarter record for total company revenue, iPhone revenue, net income, and EPS, while Services reached a new all-time high.

The product mix featured $ 57,583 million of iPhone net sales and $ 31,573 million of Services net sales. Mac net sales were 10,792, iPad net sales were 6,229, and Wearables, Home and Accessories net sales were 8,300. By geography, Americas net sales were $ 48,680 million, Europe was 32,008, Greater China was 17,539, Japan was 6,540, and Rest of Asia Pacific was 9,710. The filing explicitly identifies iPhone and Services records, but it does not provide quantitative growth rates for individual categories or geographies.

Profitability included a reported gross-margin rate of 47.9 percent. Apple stated that this included a favorable impact of approximately 1 percentage point from tariff refunds, while diluted earnings per share included a favorable impact of $0.05 from tariff refunds. Operating expenses were $ 19,189 million, comprising $ 11,730 million of research and development and $ 7,459 million of selling, general and administrative expense. For the full fiscal year, total net sales were $ 478,834 million, net income was $ 132,175 million, and diluted earnings per share was $ 8.98.

Cash generation and capital returns remained substantial. Management said it generated $28 billion in operating cash flow during the quarter and returned $28 billion to shareholders. The annual cash-flow statement reported cash generated by operating activities of 145,097, repurchases of common stock of (86,390), payments for dividends and dividend equivalents of (15,721), and payments for acquisition of property, plant and equipment of (9,041). Apple ended the period with $ 36,305 million of cash and cash equivalents, 20,417 of current marketable securities, and 80,213 of non-current marketable securities.

Apple declared a cash dividend of $0.27 per share, payable on November 16, 2026, to shareholders of record on November 12, 2026. The filing contains no forward revenue, margin, operating-expense, tax-rate, or other financial guidance. The principal reported items to monitor are the continuation of record iPhone and Services demand, the durability of margin excluding the disclosed tariff-refund benefit, and performance in Japan, iPad, and Wearables, Home and Accessories, where the quarterly table shows lower sales than the prior-year quarter.