$AAPL earnings report

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.

Apple delivered a record June quarter, reporting total net sales of $109,417 million versus $94,036 million in the prior-year quarter. The release characterized this as 16 percent year-over-year growth. Products net sales were $78,678 million and Services net sales were $30,739 million. Management said iPhone, Mac and Services each delivered double-digit revenue growth, and all geographic segments also delivered double-digit growth.

The reported product-category data show iPhone at $54,252 million, Mac at $10,352 million and Services at $30,739 million, all June quarter records according to the release. iPad was $6,191 million compared with $6,581 million a year earlier. Wearables, Home and Accessories was $7,883 million compared with $7,404 million. Across geography, Americas contributed $45,781 million, Europe $29,395 million and Greater China $18,816 million.

Profitability strengthened materially in the reported statements. Gross margin was $54,770 million, operating income was $35,695 million and net income was $29,789 million, compared with $43,718 million, $28,202 million and $23,434 million, respectively, in the prior-year quarter. Company gross margin was 50.1 percent, but included a favorable impact of approximately 2 percentage points from tariff refunds. Diluted earnings per share was $2.02, up 29 percent year over year, including a favorable impact of $0.11 from tariff refunds.

Operating expenses increased, with research and development at $11,729 million and selling, general and administrative expense at $7,346 million. The filing also shows nine-month cash generated by operating activities of $116,996 million, compared with $81,754 million a year earlier. Apple returned capital through $(62,094) million of common-stock repurchases and $(11,778) million of dividend and dividend-equivalent payments during the nine-month period, and declared a $0.27 per-share cash dividend.

The balance sheet reported $39,544 million of cash and cash equivalents, $22,855 million of current marketable securities and $84,118 million of non-current marketable securities as of June 27, 2026. Commercial paper, current term debt and non-current term debt were $1,997 million, $11,007 million and $71,340 million, respectively. The release did not provide forward financial guidance, so the next reported outlook and the persistence of tariff-refund benefits are central items for investors to monitor.