Apple quarterly results showed revenue of $114.5 billion for the three months ended September 26, 2026, the company announced on November 2. The Cupertino, California-based company said sales rose 12% from a year earlier.
The revenue total beat the $113.39 billion forecast by analysts polled by LSEG, Reuters reported. Earnings of $2.10 per share also exceeded their $1.99 estimate, even excluding a five-cent boost from tariff refunds.
Apple quarterly results by business
Apple’s unaudited financial statements show higher sales for iPhone, Mac and Services. But iPad and Wearables, Home and Accessories brought in less revenue than a year earlier, as the comparison below shows.
| Business | Fiscal Q4 2025 | Fiscal Q4 2026 |
|---|---|---|
| iPhone | 49,025 USD million | 57,583 USD million |
| Mac | 8,726 USD million | 10,792 USD million |
| iPad | 6,952 USD million | 6,229 USD million |
| Wearables, Home and Accessories | 9,013 USD million | 8,300 USD million |
| Services | 28,750 USD million | 31,573 USD million |
Source: Apple unaudited consolidated financial statements
Data as of: 2026-09-26
iPhone, Mac and Services sales increased, while iPad and Wearables, Home and Accessories sales declined.
The statements also put net income at $30.711 billion, compared with $27.466 billion a year earlier. They also show full-year revenue of $478.834 billion, up from $416.161 billion in fiscal 2025.
Tariff refunds lift reported profit
Apple said gross margin was 47.9%, including a benefit of about one percentage point from tariff refunds. Gross margin measures the share of sales left after the cost of the goods and services sold.
Apple quarterly results included a $0.05 tariff-refund benefit in diluted earnings per share, the company said. Earnings reached $2.10 per share. Its statements show $1.85 per share a year earlier. Apple described the increase as 14%.
Memory costs and iPhone supply
But Chief Executive John Ternus told Reuters that higher memory costs were partly offset by inventory benefits and lower costs for some other components. He also said price increases helped offset those pressures.
Reuters reported that the quarter’s iPhone sales included the iPhone 18 Pro models, but not the iPhone Duo. Ternus told the news agency that Duo demand exceeded supply, with no forecast for when the two would balance.
Apple’s board also declared a dividend of $0.27 per share. The company said it would pay the dividend on November 16 to shareholders on record at the close of business on November 12.
Sources: Apple financial statements, Apple results, Reuters via Euronext
