Overview
- Apple reported record FY2026 revenue of $478.8 billion and a Q4 (July–September) quarter of $114.48 billion with net income of about $132.2 billion for the year.
- iPhone sales were the main driver, generating roughly $57.6 billion and about half of quarterly revenue, while services reached a quarterly record near $31.57 billion.
- John Ternus framed the results as a strong start to his tenure and pointed to an expanded product lineup that includes the iPhone 18 family, the new foldable Duo and HomeView; most Duo sales began after the quarter closed.
- China sales, reported below consensus at about $17.54 billion, disappointed investors and contributed to mixed market moves after the report, including after‑hours swings as large as a single‑day drop of roughly 4.2%.
- The company delivered a 47.9% gross margin, strong cash flow and sizable shareholder returns, but it forecast a lower near‑term margin range and faces component cost pressure that will make holiday sales of new devices key for future results.