The facts
Apple reported record fourth-quarter net sales of $114.5 billion for the period ended 26 September 2026, up 11.7% year over year. [1]
Apple reported net income of $30.7 billion, up 11.8%, and diluted earnings per share of $2.10, up 14%. [1]
Reuters reported Apple forecast a 45%–46% gross margin for the December quarter, compared with 47.9% in the September quarter, and 8%–9% services growth versus an LSEG estimate of 10.7%. [3]
Reuters reported that Apple cited rising memory-chip costs in discussing the outlook. The company does not report iPhone unit sales in the sources reviewed. [3]
Still unconfirmed
- The December quarter has not ended, so its realized margin, services growth and sales remain unknown.
- Apple does not disclose iPhone unit sales in the release; a company-reported unit count is unavailable here.
Corrections & updates
Substantive update, 3 November: Reuters reported Apple’s December-quarter margin forecast of 45%–46% and services growth forecast of 8%–9%, with the latter below the LSEG estimate Reuters cited. This adds management’s outlook and the comparison basis to the original record-quarter report; no unverified stock reaction is asserted.
Sources
References support the numbered facts above. Source checks: 3 Nov 2026, 08:53 UTC.
- Apple Form 8-K, Exhibit 99.1: fourth-quarter and full-year 2026 results
Apple Inc. / U.S. Securities and Exchange Commission · Primary source · 2 Nov 2026
Opened the actual Form 8-K exhibit. It reports the quarter ended 26 September, record net sales of $114.5 billion, net income of $30.7 billion and diluted EPS of $2.10.
- Apple earnings top expectations in John Ternus’s first quarter as CEO
Axios · Reporting · 2 Nov 2026
Opened independent result coverage. Axios gives the S&P Capital IQ consensus comparisons and notes this was the first quarter under CEO John Ternus; estimates are attributed, not company guidance.
- Apple results beat Wall Street expectations on strong iPhone sales
Reuters via MarketScreener · Reporting · 2 Nov 2026
Opened Reuters coverage of the results call. It reports Apple’s December-quarter margin and services-growth forecasts and attributes the 10.7% services consensus to LSEG.