Apple beats estimates on iPhone sales
Apple (AAPL) reported fiscal Q4 2026 results on November 2 at 4:30 p.m. ET. Revenue increased 11.7% year over year to $114.48 billion, exceeding the $113.4 billion consensus.
GAAP net income climbed to $30.71 billion from $27.47 billion, while diluted GAAP EPS rose to $2.10 from $1.85, beating the $1.99 estimate. Apple did not separately report adjusted EPS. iPhone revenue grew 17.5% to $57.58 billion.
Services revenue rose 9.8% to $31.57 billion, while Greater China revenue increased 21% to $17.54 billion. Gross margin reached 47.9%, benefiting by approximately one percentage point from tariff refunds, which also added $0.05 to GAAP EPS. The official release contained no numerical fiscal Q1 2027 guidance.
| Metric | Actual | Consensus / prior |
|---|---|---|
| Revenue / YoY growth | $114.48B / +11.7% | Consensus: $113.4B |
| GAAP net income | $30.71B | Prior: $27.47B |
| GAAP diluted EPS | $2.10 | Consensus: $1.99 |
| Adjusted EPS | Not separately disclosed | No comparable estimate |
| iPhone revenue | $57.58B | +17.5% YoY |
| Mac revenue | $10.79B | +23.7% YoY |
| Services revenue | $31.57B | +9.8% YoY |
| Gross margin | 47.9% | Prior company guidance: 47%–48% |
| Fiscal Q1 2027 guidance | No numerical target in release | — |
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