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Apple Q4 2026 Earnings Call Transcript

Reviewed by ClearTape · Source: Benzinga

Key takeaways

Apple delivered record revenue and earnings, with strong growth in iPhone, Mac and services, and set a positive outlook for the next quarter.
Revenue Q4 2026: $114.5 billion
Net income Q4 2026: $30.7 billion
Diluted
EPS
Earnings per share — profit for one share of the company, in dollars.
Learn more →
Q4 2026: $2.10

What happened

Apple Inc. reported fourth‑quarter 2026 revenue of $114.5 billion, up 12%

YoY

Year over year — compared with the same period last year.

and a September‑quarter record. Net income was $30.7 billion and diluted

EPS

Earnings per share — profit for one share of the company, in dollars.

Learn more →

$2.10, up 14% YoY. Gross margin was 47.9% and product gross margin 37.2%. Services revenue hit $31.6 billion, up 10% YoY, while iPhone revenue was $57.6 billion, up 17% YoY and Mac revenue $10.8 billion, up 24% YoY. The company declared a $0.27 per share cash dividend and returned $28 billion to shareholders.

Why it matters

The results confirm Apple’s strongest fiscal year ever, with revenue and

EPS

Earnings per share — profit for one share of the company, in dollars.

Learn more →

growth driven by high‑margin iPhone and Mac sales and a record services business. The company’s cash position of $137 billion and $80 billion debt gives it flexibility for future investments and shareholder returns. The

guidance

What a company says it expects for future sales or profits — a forecast from the company, not a guarantee.

of 7‑10%…

Short-term and longer-term

Short-term. Over the next few days, Apple’s share price may react to the Q1 FY2027 revenue

guidance

What a company says it expects for future sales or profits — a forecast from the company, not a guarantee.

and the company’s cash dividend announcement.

Longer-term. For investors, Apple’s record fiscal year and robust cash position reinforce its long‑term value proposition.

Words on this card

Gross margin: The percentage of revenue left after subtracting the cost of goods sold
Diluted EPS: Earnings per share adjusted for all potential shares, such as stock options
Tariff refunds: Money returned to the company from previous tax or duty payments
Memory cost inflation: Rising prices for memory chips used in electronics
AI initiatives: Apple’s efforts to integrate artificial intelligence into its products and services
EPS Learn: Earnings per share — profit for one share of the company, in dollars.

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