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On November 2, 2026, Apple announced its financial results for the fourth quarter of fiscal year 2026, with revenue reaching $114.5 billion, up 12% year over year. According to Apple Newsroom, iPhone revenue set a September-quarter record, Services revenue hit an all-time high; diluted earnings per share were $2.10, up 14% year over year, and gross margin was 47.9%, which included a positive impact of about 1 percentage point from tariff refunds. Full-year revenue for the fiscal year was $479 billion, an all-time high, and operating cash flow for the quarter was $28 billion. On November 3, Apple warned on its earnings call that rising memory costs and Siri AI-related spending would squeeze holiday-quarter margins, and it expects gross margin to fall to 45%–46% in the first quarter of fiscal year 2027; CFO Kevan Parekh said Siri AI will drive up cloud costs, and revenue from related devices must be recognized over their useful life.
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Apple Says Rising Memory Costs and Siri AI Will Weigh on Holiday Quarter MarginsDevelopments
2 confirmed developments
Apple warns Siri AI and memory costs will squeeze holiday-quarter margins
Source:9to5Mac- Source:Apple Newsroom
Reports and discussion timeline
Browse reports and discussion by time. Their evidence levels remain distinct.
Nov 3
9to5Mac
Apple Says Rising Memory Costs and Siri AI Will Weigh on Holiday Quarter Margins
On its fiscal 2026 Q4 earnings call, Apple said rising memory costs and Siri AI-related spending will pressure holiday quarter margins, and it expects fiscal 2027 Q1 gross margin to fall to 45%–46%. In Q4, the company's gross margin was 47.9% and product gross margin was 37.2%, down 2.2 and 2.9 percentage points quarter over quarter, respectively, with quarterly revenue of $114.5 billion. CFO Kevan Parekh said Siri AI will drive up cloud costs, and revenue from related devices must be recognized over their usage life.
9to5Mac
Apple's fiscal 2026 R&D spending hits a record $45.77 billion, up 32% year-over-year
Apple's fiscal 2026 R&D spending rose 32% year-over-year to a record $45.77 billion, up from $34.55 billion in fiscal 2025. Fourth-quarter R&D spending was $11.73 billion, up 32% year-over-year, but up only $1 million quarter-over-quarter, suggesting spending may be starting to level off. Former CEO Tim Cook said Apple has "significantly increased investment" in AI-related areas.
MacRumors Apple Intelligence
Apple Announces Fiscal 2026 Fourth Quarter Results: Revenue of $114.5 Billion, Net Profit of $30.7 Billion
Apple's fiscal 2026 fourth quarter revenue was $114.5 billion and net profit was $30.7 billion, up 12% year over year, setting records for September-quarter revenue, iPhone revenue and earnings per share, with services revenue reaching an all-time high. Full-year revenue was $478.8 billion and net profit was $132.2 billion, both all-time highs. New CEO John Ternus mentioned product lines including iPhone Duo, the iPhone 18 Pro series, touchscreen Macs and the all-new Siri AI.
9to5Mac
Apple Announces Q4 FY2026 Earnings: Revenue of $114.5 Billion, Up 12% Year-over-Year
Apple reported fourth-quarter fiscal 2026 revenue of $114.5 billion, up 12% year-over-year, with net income of $30.71 billion and earnings per share of $2.10. iPhone revenue was $57.58 billion, Services revenue reached a record high of $31.57 billion, and Mac revenue was $10.79 billion. CFO Kevan Parekh said total revenue for the fiscal year reached $479 billion, with the installed base of active devices hitting all-time highs across every major product category and geographic segment.
Nov 2
Apple NewsroomFirst-party
Apple Reports Fourth Quarter Fiscal 2026 Results: Revenue of $114.5 Billion, Up 12% Year over Year
Apple's fourth quarter fiscal 2026 revenue reached $114.5 billion, up 12% year over year, with iPhone revenue setting a September quarter record and Services revenue reaching an all-time high. Diluted earnings per share were $2.10, up 14% year over year; gross margin was 47.9%, including an approximately 1 percentage point positive impact from tariff refunds. Apple's full-year revenue for the fiscal year reached $479 billion, an all-time high, and operating cash flow for the quarter was $28 billion.