AI-generated illustration
Apple quarterly revenue reached a record $114.5 billion for the fourth fiscal quarter ended September 26, 2026, marking a 12 percent increase year over year. The company reported diluted earnings per share of $2.10, which rose 14 percent compared to the prior-year period. In addition, the gross margin stood at 47.9 percent, reflecting a favorable impact of about one percentage point from tariff refunds.
Strong Device and Services Performance
Product sales expanded during the quarter compared to the fourth quarter of 2025. Specifically, iPhone net sales rose year over year, while net sales for the Services division reached an all-time high, surpassing the total recorded in the corresponding quarter last year.
In other hardware lines, Mac revenue experienced year-over-year growth, while net sales for iPad and the Wearables, Home and Accessories segment saw moderate shifts compared to the prior-year quarter.
Executive Statements and Product Updates
Company executives highlighted device launches alongside financial results across global operations. The company introduced several hardware and software updates ahead of the seasonal shopping period.
“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.”
John Ternus, CEO of Apple
Ternus noted the company introduced the iPhone Duo, iPhone 18 Pro, and iPhone 18 Pro Max. He also stated the firm introduced home hardware, Touch functionality for Mac computers, and the Siri AI platform.
Factors Driving Apple Quarterly Revenue
Geographic performance contributed directly to Apple quarterly revenue gains. The Americas segment and European sales both recorded increases compared to the prior-year period. Net sales in Greater China and the Rest of Asia Pacific also gained ground over the previous year.
Japan was the only geographic segment to post a minor decline compared to its previous performance. Overall, total full-year revenue for fiscal 2026 expanded compared to fiscal 2025, driven by broad international demand across markets.
Cash Generation and Capital Returns
The company generated $28 billion in operating cash flow during the three-month period and returned an equal amount to investors. Total operating income for the quarter improved compared to the fourth quarter of fiscal 2025, while research and development expenses rose year over year, reflecting ongoing investments in applications and platforms.
“We generated $28 billion in operating cash flow during the quarter, allowing us to return $28 billion to shareholders. Thanks to our very high levels of customer satisfaction and loyalty, our installed base of active devices reached a new all-time high across all major product categories and geographic segments.”
Kevan Parekh, CFO of Apple
Apple’s board of directors declared a cash dividend of $0.27 per share payable on November 16, 2026. Higher device engagement supports broader momentum in the digital economy worldwide. Looking ahead, the sustained expansion of Apple quarterly revenue reflects steady demand across device categories entering the next fiscal year.
