Apple reports fourth quarter results
Q4 FY26 revenue $114.5B up 12% y/y, EPS $2.10 up 14%, Services record, incl. $0.05 tariff refund benefit.
What this release says
Apple reported fiscal fourth quarter revenue of $114.5 billion, up 12 percent year over year, with diluted EPS of $2.10, up 14 percent. Part of the gain came from tariff refunds, which added about 1 percentage point to gross margin and $0.05 to EPS. The company also declared a $0.27 per share cash dividend payable November 16, 2026.
Key figures
- Quarterly revenue
- $114.5 billion
- Revenue growth
- 12 percent year over year
- Gross margin
- 47.9 percent
- Diluted EPS
- $2.10
- Tariff refund EPS impact
- $0.05
- Quarterly dividend
- $0.27 per share
Positive for shareholders
- Revenue and diluted EPS both rose double digits and set September quarter records.
- Services revenue reached an all-time high.
- Operating cash flow of $28 billion covered $28 billion returned to shareholders.
- The installed base of active devices hit a new all-time high.
Negative for shareholders
- Part of the margin and EPS gain came from one-time tariff refunds that may not recur.
- The quarterly dividend is only $0.27 per share.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- Diluted earnings per share:
- Profit per share after counting shares that could be created from options and convertible securities.
- Gross margin:
- The share of revenue left after subtracting the direct cost of making products and delivering services.
- Installed base:
- The total number of active devices a company has in customers' hands.
FAQ
How much did Apple's revenue grow in the fourth quarter?
Apple reported quarterly revenue of $114.5 billion, up 12 percent from a year earlier.
How much did tariff refunds help Apple's results?
The release says tariff refunds added about 1 percentage point to gross margin and $0.05 to diluted EPS.
What dividend did Apple declare?
Apple's board declared a cash dividend of $0.27 per share, payable November 16, 2026, to holders of record as of November 12, 2026.
Historical context for AAPL
Across the 16 sessions after earlier AAPL headlines, the stock closed higher 5 times and lower 11 times, with a median move of 0.9% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | AAPL | SPY |
|---|---|---|---|
| Oct 28, 2026 | Apple unveils groundbreaking MacBook Pro with PROLED XDR Display and Touch for the first time on Mac | -0.9% | +0.3% |
| Oct 27, 2026 | Apple unveils new iMac with M6, delivering a major boost in performance and AI capabilitiesand 2 other headlines that session | +0.9% | +0.6% |
| Oct 26, 2026 | Apple® gives iPad mini® its biggest update ever | -1.1% | +0.7% |
| Oct 20, 2026 | Apple announces new American Manufacturing Program partners for iPhone Duo and iPhone 18 Proand 1 other headline that session | -1.0% | +0.3% |
| Oct 13, 2026 | Apple announces the next generation of HomePod mini with support for Siri AI, beautiful new colors, and rich soundand 3 other headlines that session | +0.1% | -0.0% |
| Oct 1, 2026 | Morgan Stanley reiterated coverage on Apple with a new price target | -0.8% | +0.2% |
- Market cap
- 30-day
- Sector
- Technology
- Industry
- Computer Manufacturing
- Listed since
- 1980
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