Apple's iPhone hauls in $57.6B as revenue hits September-quarter record $114.5B
Apple posted $114.5 billion in revenue for the quarter ended September 26th, 2026, up 12 percent year over year, with iPhone at a September-quarter record, Services at an all-time high and diluted EPS of $2.10.
By RuntimeWire Staff · Published · Updated
Primary source: Apple
Why it matters
The September quarter is Apple's first read on its new iPhone lineup heading into the holidays. iPhone and Services both set records, Greater China grew fastest among major regions, and tariff refunds explain about a point of gross margin and $0.05 of EPS, which matters when judging how much of the beat came from operations.
Apple reported fiscal fourth-quarter results on November 2nd, 2026 for the quarter ended September 26th, 2026, posting revenue of $114.5 billion, up 12 percent year over year. Diluted earnings per share rose 14 percent to $2.10, and company gross margin was 47.9 percent.
Apple (AAPL) - Q4 FY2026 Revenue: $114.5B Net income: $30.71B Diluted EPS: $2.10 Gross margin: 47.9% iPhone revenue: $57.58B Services revenue: $31.57B Operating cash flow: $28B
The quarter set September-quarter records for total revenue, iPhone revenue and earnings per share, while Services reached an all-time high. Apple reported net profit of $30.71 billion, compared with $27.47 billion a year earlier, when revenue was $102.47 billion and earnings per share were $1.85.
"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," said John Ternus, Apple's CEO. Ternus pointed to the iPhone Duo, iPhone 18 Pro and iPhone 18 Pro Max, new home hardware, Touch on Mac and the all-new Siri AI heading into the holiday season.
iPhone remained the largest product line at $57.58 billion, up 17 percent year over year. Mac revenue rose 24 percent to $10.79 billion, and Services rose 10 percent to $31.57 billion. iPad revenue slipped 10 percent to $6.23 billion, while Wearables, Home and Accessories fell 8 percent to $8.30 billion.
Greater China led regional growth, rising 21 percent to $17.5 billion. Europe rose 12 percent to $32.0 billion, the Americas rose 10 percent to $48.7 billion and Rest of Asia Pacific rose 15 percent to $9.7 billion. Japan fell about 1 percent to $6.5 billion.
Tariff refunds lifted the reported margin and earnings. Apple said gross margin included a favorable impact of approximately 1 percentage point from tariff refunds, while diluted earnings per share included a favorable impact of $0.05. Research and development spending rose to $11.7 billion, up 32 percent from a year earlier.
CFO Kevan Parekh said the September quarter capped fiscal 2026 with all-time record revenue of $479 billion and double-digit EPS growth. Apple generated $28 billion in operating cash flow during the quarter and returned $28 billion to shareholders, while its installed base of active devices reached a new all-time high across all major product categories and geographic segments. For the full fiscal year, Apple recorded $478.8 billion in sales and $132.2 billion in net income, compared with $416.2 billion in sales and $112.0 billion in net income in fiscal 2025.
Apple's board declared a cash dividend of $0.27 per share, payable on November 16th, 2026 to shareholders of record as of the close of business on November 12th, 2026.
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