Overview
- Apple reported quarterly revenue of $114.5 billion and diluted EPS of $2.10, results published on Monday, Nov. 2, 2026 that topped Wall Street estimates.
- iPhone revenue hit a September-quarter record of about $57.58 billion while Services reached an all-time high of roughly $31.57 billion, together accounting for the bulk of company profit.
- CEO John Ternus said the newly launched iPhone Duo is supply-constrained and that a very small percentage of early Duo units were returned for inner-display cracking, which Apple is replacing.
- Rising global memory and flash storage costs pressured margins so Apple raised some device prices, increased inventory and R&D spending, and received tariff refunds that added about $0.05 to EPS and roughly one percentage point to gross margin.
- The quarter closes John Ternus’s first fiscal reporting period and highlights Apple’s new staggered product cadence, stronger cash generation and dividend of $0.27 per share while leaving investors focused on holiday-quarter supply and guidance.