Apple Q4 revenue grows 12% to $114.5bn as earnings improve

Apple (NASDAQ:AAPL) reported fiscal fourth-quarter 2026 revenue of $114.5 billion, up 12% year over year, as iPhone and Services performance supported quarterly growth.

The September quarter revenue increased from the previous year's level, while diluted earnings per share rose 14% to $2.10, and the company's full-year revenue reached $479 billion.

"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," said Apple Chief Executive Officer John Ternus.

Gross margin reached 47.9%, including an approximately one-percentage-point benefit from tariff refunds, while diluted EPS included a separate $0.05 benefit from the refunds.

Apple generated $28 billion in operating cash flow and returned the same amount to shareholders during the quarter, while its board declared a $0.27-per-share dividend payable November 16, 2026.

For fiscal 2026, Apple reported total revenue of $479 billion, with double-digit annual EPS growth, while its installed base of active devices reached a new record across major product categories and geographic markets.

The company continues to develop its hardware and software portfolio, including the iPhone 18 Pro lineup, Mac computers, home devices and its planned Siri AI capabilities, alongside its growing Services business.