Tech giant reports $114.48 billion in quarterly revenue, surpassing Wall Street estimates as new CEO John Ternus highlights record fiscal 2026 performance and expanding AI capabilities.
Apple (AAPL) reported stronger-than-expected fourth-quarter earnings Monday, driven by robust iPhone demand and record Services revenue, marking a successful first earnings report under newly appointed CEO John Ternus.
The technology giant posted earnings per share of $2.10 on revenue of $114.48 billion, exceeding Wall Street expectations of $2.00 per share and $113.46 billion in revenue, according to Bloomberg consensus estimates.
Revenue increased approximately 12% year over year from $102.46 billion, while earnings per share climbed from $1.85.
Apple’s iPhone division generated $57.58 billion in revenue, surpassing analyst projections of $56.48 billion. The company’s Services segment delivered a record $31.57 billion, nearly matching expectations, while Mac revenue reached $10.79 billion, comfortably exceeding estimates of $9.69 billion.
However, performance was mixed across other divisions. Greater China revenue totaled $17.54 billion, falling short of the anticipated $18.75 billion. Wearables and iPad revenue declined year over year to $8.3 billion and $6.23 billion, respectively.
Ternus, who succeeded Tim Cook on September 1, highlighted Apple’s expanding ecosystem, which now includes more than 2.5 billion active devices worldwide.
The CEO also emphasized Apple’s latest product innovations, including the foldable iPhone Duo, iPhone 18 Pro lineup, AirPods 5, and enhanced Siri artificial intelligence capabilities.
Apple reported record fiscal 2026 revenue of $479 billion, alongside double-digit earnings-per-share growth. Quarterly gross margins reached 47.9%, benefiting from a one-percentage-point contribution from tariff refunds.
The company also announced a quarterly cash dividend of $0.27 per share, payable November 16 to shareholders of record November 12.
Apple recently reclaimed its position as the world’s most valuable publicly traded company, surpassing Nvidia with a market capitalization exceeding $5 trillion.
Despite stronger earnings, investor attention remains focused on China’s performance, holiday-quarter demand, and Apple’s ability to sustain momentum through its expanding product ecosystem and artificial intelligence initiatives.
Shares edged higher in after-hours trading following the announcement, reflecting a measured market response to the company’s record-breaking results.
