Apple Reports Record Fiscal Q4 Revenue of $114.5 Billion
Record-breaking annual performance driven by strong iPhone sales and all-time high services revenue.
1Record Fiscal Performance
Apple concluded its fiscal year with a record $114.5 billion in revenue for the quarter ending in September. This represents a 12 percent year-over-year increase, supported by a 47.9 percent gross margin. Earnings per share rose 14 percent to $2.10, bolstered by a $0.05 per share contribution from specific tariff refunds.
2Annual Revenue Milestones
For the full fiscal year 2026, Apple achieved a total revenue of $479 billion. This performance was characterized by consistent double-digit growth in earnings per share compared to the previous year. The company successfully navigated market fluctuations to reach these record-breaking figures, solidifying its financial position across all major global operational segments.
3iPhone Sales Dominance
The iPhone remains the primary revenue driver, generating $57.6 billion in the September quarter, up from $49.0 billion last year. Full-year sales reached $254.1 billion, a significant increase from the previous year's $209.6 billion. This sustained demand underscores the product's critical role in Apple's overall financial health and market strategy.
4Services Revenue Peak
Services reached an all-time high revenue of $31.6 billion for the September quarter, compared to $28.8 billion in the year-ago period. The full-year revenue for this segment climbed to $123.3 billion from $109.2 billion. This growth highlights the increasing importance of recurring revenue streams within the broader Apple ecosystem.
5Hardware Category Shifts
Mac sales reached $10.8 billion, surpassing the $8.7 billion recorded a year ago and overtaking Wearables, Home, and Accessories. Wearables fell to $8.3 billion from $9.0 billion, while iPad revenue declined to $6.2 billion from $6.9 billion. These shifts reflect changing consumer preferences and the evolving hardware priorities within the company.
6New Product Launches
Apple recently introduced new MacBooks, including its first touch-enabled model, and an OLED-equipped iPad mini. The company also expanded its smart home portfolio with displays, cameras, and thermostats. The iPhone Duo, which began shipping in late October, is positioned as a transformational product alongside the powerful iPhone 18 Pro series.
7Regional Market Performance
The Americas remain Apple's largest market, contributing $48.7 billion in net sales for the quarter. Europe followed with $32 billion, while Greater China generated $17.5 billion. These figures demonstrate the company's continued ability to capture significant market share across diverse geographic regions despite varying economic conditions and competitive pressures in those territories.
8Future Strategic Outlook
CEO John Ternus emphasized that the current hardware lineup, combined with the new Siri AI, is designed to drive momentum into the holiday season. By integrating advanced features like touch-enabled Macs and expanded home automation, Apple aims to sustain its growth trajectory following the record-breaking results of the 2026 fiscal year.