Apple (AAPL) Q4 2026 Earnings
Includes a favorable impact of $0.05 per diluted share from tariff refunds; gross margin included a favorable impact of approximately 1 percentage point from tariff refunds
How Did AAPL Stock React to Q4 2026 Earnings?
Did AAPL Beat Earnings? Q4 2026 Results
Yes. Apple reported Q4 2026 earnings of $2.10 a share on Nov 2, 2026, beating the $1.98 consensus estimate by 6.2%. Revenue was $114.5B against a $113.4B estimate.
Apple closed its fiscal fourth quarter with a broad earnings beat, as the iPhone maker posted GAAP EPS of $2.10 on revenue of $114.48 billion, topping Wall Street's consensus estimates of $1.98 and $113.36 billion by 6.16% and 0.99%, respectively, extending the company's streak of consecutive quarterly EPS beats to ten. Revenue climbed 11.7% year over year, powered by iPhone sales surging to $57.58 billion from $49.02 billion and Services growing to $31.57 billion from $28.75 billion, while company gross margin reached 47.9%. Investors should note that reported GAAP EPS includes a favorable one-time impact of $0.05 per diluted share from tariff refunds, which also contributed roughly one percentage point to gross margin. The quarter drew added attention as new CEO John Ternus's first earnings call, with analysts focused on whether iPhone 18 momentum could sustain growth into the holiday period; heading into that season, Apple is launching the iPhone Duo alongside iPhone 18 Pro models, a new home hardware lineup, Touch on Mac, and its revamped Siri AI platform.
- September quarter record iPhone revenue
- Services revenue reached an all-time high
- Tariff refunds added approximately 1 percentage point to gross margin and $0.05 to diluted EPS
- Installed base of active devices reached a new all-time high across all major product categories and geographic segments
- Very high levels of customer satisfaction and loyalty cited by the CFO
- Greater China net sales rose to $17,539 million from $14,493 million
“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.”
Apple CEO, on the earnings call
What Is Apple's Outlook?
Apple did not provide explicit financial guidance in the release. CEO John Ternus said the company is entering the holiday season with its most ambitious lineup yet: - iPhone Duo, iPhone 18 Pro and iPhone 18 Pro Max. - A new generation of home hardware. - Touch on Mac. - The all-new Siri AI. The CFO noted that the installed base of active devices reached a new all-time high across all major product categories and geographic segments.
AAPL YoY Financials
| Metric | Q4 2026 | Q4 2025 | Year over year |
|---|---|---|---|
| Revenue | $114.5B | $102.5B | +11.7% |
| Gross Profit | $54.8B | $48.3B | +13.4% |
| Operating Income | $35.6B | $32.4B | +9.9% |
| Net Income | $30.7B | $27.5B | +11.8% |
AAPL Revenue by Segment
AAPL Revenue by Geography
When Does Apple Report Next?
Figures from SEC filings and company reports. Not investment advice.