Apple reported fiscal fourth-quarter 2026 results on Monday showing revenue of $114.5 billion, up 12% from a year earlier and comfortably ahead of the roughly $113.3 billion Wall Street had expected, according to the company's official earnings release filed with the SEC. Diluted earnings per share came in at $2.10, up 14% year over year and above the $1.99 analysts had penciled in.

It was the first full quarter with John Ternus in the chief executive's chair. Ternus, Apple's longtime hardware engineering chief, formally succeeded Tim Cook as CEO on September 1, with Cook moving into the role of executive chairman after a leadership transition announced back in April. He led Monday's call alongside CFO Kevan Parekh, which began at 2 p.m. Pacific time, shortly after the release went out around 1:30 p.m. Pacific.

Apple described the quarter as a records sweep: the highest September-quarter revenue, iPhone revenue and earnings per share in company history, plus an all-time high for Services revenue. Gross margin landed at 47.9%, which the company said included roughly one percentage point of benefit from tariff refunds — worth about a nickel of the quarter's EPS on its own.

A beat built on guidance Apple had already raised

Heading into the report, Apple had guided to 9–11% revenue growth, which implied a range of roughly $111.7 billion to $113.7 billion — meaning the actual $114.5 billion print beat even the high end of the company's own forecast. The board also declared a quarterly dividend of $0.27 per share, payable November 16 to shareholders of record as of November 12.

RECORD REVENUE. RECORD IPHONE. RECORD SERVICES. RECORD EPS.

The results land at a tense moment for Big Tech broadly: Nasdaq-listed megacaps have wobbled in recent sessions on AI-spending jitters, and investors had been watching Apple's report — alongside Palantir's — as a test of whether the sector's fundamentals still justify its valuations. A clean beat from Cupertino, delivered under new leadership, gives the market one less thing to worry about heading into a holiday quarter that will be the first under Ternus to include a full iPhone launch cycle.

Apple's stock has traded choppily through the fall alongside the broader tech selloff, and investors will be watching the December-quarter guidance commentary from the call for signs of how durable the iPhone and Services momentum is heading into 2027.