Apple Reports Record Q4 2026 Revenue Under New CEO John Ternus

Apple announced financial results for its fourth fiscal quarter of 2026, which ended September 26 and covered the third calendar quarter. Revenue rose 11.7 percent from a year earlier to $114.477 billion, while net profit increased 11.8 percent to $30.711 billion. Diluted earnings per share reached $2.10, up 13.5 percent.

Gross margin was 47.9 percent, helped by about one percentage point from refunded tariffs that a U.S. court ruled were unlawfully imposed under President Trump. The tariff benefit added $0.05 to earnings per share. Apple also declared a quarterly dividend of $0.27 per share, payable November 16 to shareholders of record on November 12.

“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.”

Total revenue, iPhone revenue, and earnings per share all set September-quarter records. Services revenue reached an all-time high. For the full fiscal year, Apple recorded $478.8 billion in sales and $132.2 billion in net income, both records.

The results were the first under CEO John Ternus, who took over on September 1. Tim Cook remains chairman of the board. Apple guided for 7 to 10 percent revenue growth in the current quarter, barring unexpected supply constraints, and expects Services revenue to grow 8 to 9 percent.

The stock initially fell about 1 percent in after-hours trading after the results, then dropped further by roughly 3 to 4 percent on the current-quarter outlook. Analysts had expected average revenue of $113.35 billion and earnings per share of $1.99.