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Apple revenue rises 12% as iPhone and services grow

November 2, 2026. Apple reported revenue of $114.477 billion in its fiscal fourth quarter, ended September 26, up from $102.466 billion a year earlier. The company reported rounded annual growth of 12% and diluted earnings per share of $2.10.

iPhone sales rose to $57.583 billion from $49.025 billion, while services revenue reached $31.573 billion, up from $28.750 billion. Gross margin was 47.9%, including an approximately one percentage-point benefit from tariff refunds.

Why it matters

The results show the scale of iPhone and services within Apple’s business and offer a reference point for consumer technology demand.

Rockstar Briefing analysis

Growth came from several segments, but was uneven: iPad and wearables, home and accessories fell year over year. The tariff benefit also contributed to margin, making it important to distinguish the quarter’s profitability from recurring operating performance.

Featured image: AI-generated illustration.

Sources: Apple press release and quarterly financial statements, published November 2, 2026.