Apple announced its fourth quarter 2026 earnings results, including a record September quarter revenue of 114.5 billion dollars. This figure represents a 12 percent increase compared to the same period last year. While the iPad and Wearables segments saw declining sales, the overall revenue growth was driven by performance in the iPhone and Mac categories.
Financial performance across product lines
Net income for the quarter reached 30.7 billion dollars, which is an 11.8 percent increase from the 27.5 billion dollars reported in the previous year’s fourth quarter. Diluted earnings per share rose 14 percent to 2.10 dollars. The gross margin for the company stood at 47.9 percent, a figure that includes a 1 percent benefit derived from tariff refunds. This margin is a decrease from the 50.1 percent gross margin reported in the previous quarter, which had included a 2 percent benefit from tariff refunds.
Category revenue and growth rates
The iPhone category established a new September quarter record with revenue increasing 17.5 percent to 57.6 billion dollars. Mac revenue saw the most significant jump among all categories, rising 23.7 percent to reach 10.8 billion dollars. The Services segment reached an all-time high with 31.6 billion dollars in revenue, though its growth rate slowed to 9.8 percent compared to 12.1 percent in the previous quarter. In contrast, iPad revenue fell 10.4 percent to 6.2 billion dollars, and the Wearables, Home and Accessories category dropped 7.9 percent to 8.3 billion dollars.
Regional market results
Revenue growth was observed across most geographic regions during the quarter. Greater China emerged as the fastest growing region with a 21 percent increase to 17.5 billion dollars. The Americas grew 10.2 percent to 48.7 billion dollars, while Europe recorded 11.5 percent growth to 32 billion dollars. Revenue in the Rest of Asia Pacific region increased 15 percent to 9.7 billion dollars. Japan was the sole region to report a decline, with revenue falling 1.4 percent to 6.5 billion dollars.
Upcoming products and hardware changes
Apple CEO John Ternus noted the company is entering the final quarter with a lineup that includes the iPhone Duo, iPhone 18 Pro, and iPhone 18 Pro Max. Recent hardware introductions include new devices for the home and the addition of Touch to Mac. The company also highlighted the integration of the all-new Siri AI across its hardware generation.
Fiscal year 2026 totals
For the full 2026 fiscal year, Apple reported record annual revenue of 478.8 billion dollars. This represents a 15.1 percent increase from the 416.2 billion dollars recorded in fiscal 2025. Annual net income for the period increased 18 percent to 132.2 billion dollars.
| Category | Revenue | Change |
|---|---|---|
| iPhone | $57.6 billion | +17.5% |
| Services | $31.6 billion | +9.8% |
| Mac | $10.8 billion | +23.7% |
| Wearables, Home and Accessories | $8.3 billion | -7.9% |
| iPad | $6.2 billion | -10.4% |
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