Apple reported revenue of $114.5 billion for its fiscal fourth quarter of 2026, a 12% increase from a year earlier. The company posted a profit of $30.7 billion, while diluted earnings per share rose 14% to $2.10. The results were announced on November 2.
iPhone revenue reached a record $57.58 billion, up 17% year over year. Apple’s September product refresh featured only the iPhone 18 Pro and iPhone 18 Pro Max, and revenue from preorders for the foldable iPhone Duo was not included in the quarter’s results.
Services revenue, which includes App Store commissions and subscriptions such as Apple TV and Apple Music, also set a record, reaching $31.57 billion. Mac revenue increased 24% to $10.79 billion. iPad revenue moved in the opposite direction, falling 10% year over year to $6.23 billion.
Apple reported a gross margin of 47.9%. The company said inventory helped partly offset higher memory costs, while lower costs for other components also provided support. Tariff refunds added about one percentage point to gross margin and $0.05 to earnings per share.
Sources: Hypebeast.