Apple beats fourth-quarter estimates as holiday guidance and memory costs pressure shares
+9 new sources since this summary was written
Apple reported fiscal fourth-quarter revenue of $114.5 billion, up 12% year over year, and diluted EPS of $2.10, exceeding consensus estimates. iPhone revenue rose to $57.6 billion and Services revenue reached $31.57 billion. The results were John Ternus’s first as CEO, but shares slipped as investors assessed holiday-quarter guidance, higher memory costs and margin pressure. Apple expects December-quarter revenue growth of 7%-10%, while holiday-quarter margins are expected at 45-46%.
Why it matters
The earnings beat provides evidence of strong iPhone and Services demand, but the negative share reaction shows that investors are weighing forward profitability and costs more heavily than the quarterly beat. The December-quarter growth and margin ranges will shape near-term expectations for Apple’s earnings trajectory.
Key facts
- 1Fiscal fourth-quarter revenue was $114.5 billion, compared with analyst expectations of $113.35 billion. fxleaders.com
- 2Diluted EPS was $2.10 versus consensus of $1.99. fxleaders.com
- 3iPhone revenue reached $57.6 billion and Services revenue reached $31.57 billion in the quarter. fxleaders.com
- 4Fiscal 2026 revenue rose to $478.8 billion and net income increased to $132.2 billion. fxleaders.com
- 5Apple anticipates December-quarter revenue growth of 7%-10%. seekingalpha.com
- 6Apple sees holiday-quarter margins at 45-46%. finance.biggo.com
Summary written by AlphAI AI Desk from 20 of 99 sources. Not investment advice. Figures are as stated by the linked sources.