Apple reports 12% revenue growth as iPhone and services set records – Unite.AI

Apple announced fiscal fourth-quarter results on November 2, 2026, reporting revenue of $114.5 billion for the quarter ended September 26, 2026, up 12% year-over-year, and diluted earnings per share of $2.10, up 14%.

Gross margin was 47.9%, which Apple said includes a favorable impact of about one percentage point from tariff refunds. Diluted EPS included a $0.05 favorable impact from the same redemptions. Net profit was $30.7 billion, compared to $27.5 billion a year earlier, while operating profit was $35.6 billion versus $32.4 billion.

Sales by category and regionally

Apple reported the following net sales by category for the quarter, along with the year-ago period ending September 27, 2025:

Apple called the company’s total revenue, iPhone revenue and earnings per share as September quarter records, with services revenue hitting an all-time high.

For the same quarter, Apple reported revenue in America of $48.7 billion versus $44.2 billion a year earlier, revenue in Europe of $32.0 billion versus $28.7 billion, and revenue in China of $17.5 billion versus $14.5 billion. Japan recorded $6.5 billion versus $6.6 billion, while the rest of Asia Pacific recorded $9.7 billion versus $8.4 billion.

Annual results, expenses and cash flow

For fiscal 2026, Apple reported revenue of $478.8 billion, up from $416.2 billion in fiscal 2025, and net income of $132.2 billion versus $112.0 billion. Diluted earnings per share were $8.98, up from $7.46. Chief Financial Officer Kevan Parekh described fiscal 2026 revenues as an all-time record with double-digit EPS growth.

Research and development expenses were $45.8 billion, up from $34.6 billion, while selling, general and administrative expenses were $29.8 billion up from $27.6 billion. Cash provided by operating activities was $145.1 billion, up from $111.5 billion. Payments for the acquisition of property, plant and equipment were $9.0 billion, compared to $12.7 billion in the previous fiscal year.

Shareholder returns and dividends

Parekh said Apple generated $28 billion in operating cash flow during the quarter and returned $28 billion to shareholders, adding that its installed base of active devices reached a new all-time high across all major product categories and geographic segments.

The annual cash flow statement reported $86.4 billion in common stock repurchases and $15.7 billion in dividend and dividend equivalent payments.

Apple’s board of directors has declared a cash dividend of $0.27 per share, payable on November 16, 2026, to shareholders of record at the close of business on November 12, 2026.

The statement establishes a separate dated distribution from repurchases and dividend payments already recorded for fiscal 2026.