Apple Q4 Earnings: Results and Returns
Apple Q4 earnings showed record September-quarter revenue and EPS and a dividend, pushing traders to watch iPhone revenue, Services and margins.
KEY TAKEAWAYS
- Apple reported fiscal Q4 revenue of $114.5 billion, up 12.0% year over year.
- Diluted EPS was $2.10, up 14.0% year over year.
- Generated $28.0 billion operating cash flow and returned $28.0 billion; board declared a $0.27 dividend.
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Apple Inc. (AAPL) reported fiscal fourth-quarter results on November 2, 2026, showing September-quarter records for revenue and earnings per share (EPS) alongside an all-time high for Services revenue. The results and a declared dividend focus investor attention on iPhone revenue, Services momentum, and margin drivers.
Quarter Results and Returns
For the fiscal fourth quarter ended September 26, 2026, Apple reported revenue of $114.5 billion, up 12.0% year over year, and diluted EPS of $2.10, up 14.0%. The company said fiscal 2026 revenue reached $479.0 billion with double-digit EPS growth. Operating cash flow for the quarter was $28.0 billion, which Apple returned to shareholders through buybacks and dividends.
The board declared a cash dividend of $0.27 per common share, payable November 16, 2026, to shareholders of record at the close of business November 12. Apple filed a Form 8-K under Item 2.02 attaching the earnings release as Exhibit 99.1.
These figures provide tangible metrics for investors assessing valuation and capital allocation under new CEO John Ternus, who described the quarter as capping off the company’s "best fiscal year ever."
Product Strength and Margins
Apple reported September-quarter records for total revenue, iPhone revenue, and EPS, while Services revenue reached an all-time high. The installed base of active devices also hit a record across all major product categories and geographic segments, signaling broad device penetration.
The company’s gross margin was 47.9%. Apple said tariff refunds improved gross margin by about 1 percentage point and added $0.05 to diluted EPS. This disclosure affects comparability for investors evaluating underlying margin trends and profitability sustainability if the tariff benefit does not recur.
Together, the quarter’s cash generation, Services milestone, and expanded installed base offer concrete outcomes to evaluate demand durability and the balance between product and Services growth as Apple enters the new fiscal year.
