Apple Tops Revenue Estimates at $114.5 Billion as iPhone Sales Hit Record

Apple (Nasdaq: AAPL) reported fourth-quarter revenue of $114.5 billion, above the $113.27 billion analysts expected, and diluted earnings per share of $2.10 against the $1.98 consensus estimate, in an 8-K filed Monday, Nov. 2, 2026, after 4:30 p.m. ET. The company compares its quarter with a year earlier: revenue rose 12 percent from $102.5 billion, and diluted EPS rose 14 percent from $1.85.

The release gives only GAAP diluted EPS for the quarter, so the comparison with the consensus is on that basis. The company said EPS included a favorable $0.05 impact from tariff refunds.

Product and services results

iPhone revenue was $57.58 billion, up from $49.03 billion a year earlier, and the company said iPhone reached a September quarter record. Mac revenue rose to $10.79 billion from $8.73 billion. Services revenue was $31.57 billion, up from $28.75 billion, and the company said Services reached an all-time high.

iPad revenue fell to $6.23 billion from $6.95 billion, and Wearables, Home and Accessories fell to $8.30 billion from $9.01 billion.

Regional sales and margins

Greater China revenue rose to $17.54 billion from $14.49 billion. Americas revenue was $48.68 billion, and Europe revenue was $32.01 billion.

Company gross margin was 47.9 percent. The company said this included a favorable impact of about 1 percentage point from tariff refunds. Net income was $30.71 billion, up from $27.47 billion a year earlier.

Cash and shareholder returns

Apple said it generated $28 billion in operating cash flow during the quarter and returned $28 billion to shareholders. Its board declared a cash dividend of $0.27 per share, payable Nov. 16, 2026, to shareholders of record at the close of business on Nov. 12, 2026.

For the fiscal year ended Sept. 26, 2026, the company reported total net sales of $478.8 billion, compared with $416.2 billion a year earlier. The company is hosting a conference call beginning at 2:00 p.m. PT on Nov. 2.